WILMINGTON, Del., Oct. 26, 2006 (PRIMEZONE) -- Universal Capital Management, Inc. (OTCBB:UCMT), a Business Development Company, which provides emerging growth companies with management and strategic resources for successful growth, reported today that Broad Relay Holdings, Inc. (Pink Sheets:BDRH) announced its new web site, http://www.sivoo.com, and added popular Hindi-language content.
SIVOO is the Internet TV brand of Broad Relay Holdings, Inc. ("Broad Relay"). SIVOO provides consumers the choice of watching ad-supported on-demand multicultural entertainment for free or without ads for a nominal fee. Its new web site will host Hindi language programming featuring more than 150 movies and popular variety programs in addition to its currently running Spanish and Chinese content.
Mike Queen, the CEO of Universal Capital Management ("UCM"), said "The recent successes of YouTube and MySpace point to the potential that BroadRelay has in bringing additional value to its shareholders."
Universal Capital Management, Inc. is a publicly traded Business Development Company created under the Investment Act of 1940. Its purpose is to provide an opportunity for its shareholders to diversify risk by investing in a fund that assists its portfolio companies to grow and increase in value.
Please visit the company's web site for additional information at http://www.unicapman.com.
Broad Relay Holdings, Inc. is a provider of non-English language entertainment including movies, sports, games and music to the top ten ex-patriots residing in the United States and around the world. Broad Relay has developed proprietary technology to deliver digital content over the Internet to consumers on PCs, TVs, cell phones and PDAs.
Please visit the company's web site for additional information at http://www.broadrelay.com.
Forward-Looking Statements
The information contained in this press release may contain "forward-looking statements." You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," "believe," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to the following which could affect Universal Capital Management, Inc. or one or more portfolio companies: general economic and business conditions, effects of continued geopolitical unrest, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.