WILMINGTON, Del., Nov. 1, 2006 (PRIMEZONE) -- Universal Capital Management, Inc. (OTCBB:UCMT) is a Business Development Company which provides emerging growth companies with management and strategic resources for successful growth. The Company's President and CEO, Mr. Michael D. Queen will be providing information about Universal Capital Management, Inc. ("UCM") on MN1.com Thursday November 2, at 2:30 PM EST.
Mr. Queen will be providing an insight to the methodology of the Company and how it expects to provide increased shareholder value. Mr. Queen will also demonstrate how the company's investors may participate in a diversified portfolio of emerging companies heretofore limited only to accredited investors.
UCM includes among its seven portfolio companies two rapidly growing companies: Theater Xtreme Entertainment Group (OTCBB:TXEG), a home theater company which designs, sells, and installs affordable, large-format, front projection home cinemas through both its company-owned design centers and through franchises, and Broad Relay Holdings, Inc. (Pink Sheets:BDRH), 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. It has developed proprietary technology to deliver digital content over the Internet to consumers on PCs, TVs, cell phones and PDAs.
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.
UCM files periodic and other reports with the Securities and Exchange Commission. Such reports contain financial statements and other information about the Company; these filings are available for review at http://www.sec.gov.
Please visit the company's web site for additional information at http://www.unicapman.com
MN1.com is an informational web site providing opportunities for investors interested in micro-cap public companies. Please visit their web site for additional information at http://www.MN1.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.