FT. LAUDERDALE, Fla., Aug. 31, 2005 (PRIMEZONE) -- Universal Media Holdings, Inc. (Pink Sheets:UMDH) is pleased to announce that year-to-date advertising and production sales are up 284 percent. Last year Universal Media Holdings revenues were $150,000. This year 2005 revenues were projected to double to $300,000 per year. However, the company's ability to provide national advertising campaigns through its partners, such as Turner Media Group, for a fraction of competitor's fees, has enabled them to secure an increase in total revenues of more than $577,000 through the end of July.
"Based upon the revenues to date, we are proud to announce that we have raised our projections for 2005 to $800,000, an increase of 433 percent from 2004 actuals. We are exceedingly pleased with the success that we have established thus far; the upside growth potential for our company is tremendous," stated Andrew Cambron, CEO of Universal Media Holdings.
About Universal Media Holdings, Inc.
Universal Broadcast Network, Inc.'s principal business is the construction, development, management, and operation of a low-power television (LPTV) broadcast network. UBN has secured its network distribution potential through the acquisition of FCC-governed LPTV licenses and construction permits. Exclusive permits issued by the government allow UBN to construct a broadcast television network. UBN's current programming affiliation opportunities include The Men's Channel, Healthy Living, Beauty & Fashion, I-Shop Home Shopping, and Alma Television.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.