WILMINGTON, Del., Jan. 16, 2007 (PRIME NEWSWIRE) -- 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 SIVOO Holdings Inc., formerly BroadRelay Holdings, Inc. (Pink Sheets:BDRH) announced its Internet TV brand SIVOO can now be seen on Brightcove.com.
SIVOO, a significant holding among the portfolio companies of Universal Capital Management, Inc., is the Internet TV brand of SIVOO Holdings, Inc. It is the first broadband TV network of multicultural on-demand entertainment programming with more than 20,000 hours of programming under contract in Spanish, Chinese, and Hindi.
Mike Queen, the CEO of Universal Capital Management ("UCM"), said, "The interest we have seen by advertisers and consumers for ethnic content is coming to fruition with SIVOO and is demonstrated by its ability to work with partners such as Brightcove.com, and in its potential to fit with the growth strategies of sites such as Yahoo!, YouTube, and SBC TV who are also interested in this market."
SIVOO will feature approximately 30 full-length Spanish language programs from movies to telenovelas on Brightcove.com that viewers can watch at anytime. Over the coming months, SIVOO also plans to take advantage of the Brightcove Syndication Marketplace to further expand distribution through affiliate websites. For more information, please visit www.sivoo.com or visit the new SIVOO channel on the Brightcove network at http://www.brightcove.com/channel.jsp?channel=353529308.
About Universal Capital Management
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
About SIVOO
SIVOO is the Internet TV brand of SIVOO Holdings Inc. Founded in 2000, SIVOO is the first Internet TV network of multicultural on-demand entertainment. It serves the fastest growing segments of the U.S. population with more than 20,000 hours of quality on-demand content under contract that is delivered through an Internet browser to PCs, televisions, portable devices and mobile phones.
Only SIVOO gives consumers the choice of watching ad-supported on-demand multicultural entertainment for free or without ads for a nominal fee. SIVOO's proprietary system currently serves video through Microsoft Windows Media Player via any Web browser.
About Brightcove
Brightcove, an Internet TV company backed by Barry Diller's IAC/InterActiveCorp and Time Warner Inc.'s America Online, is an Internet TV service that empowers video producers and programmers to build broadband businesses while giving viewers more choices and control over their use of video and television. Among others, it is being used by media and entertainment companies such as Reuters Group PLC, Viacom Inc.'s MTV Networks, and Dow Jones & Co., publisher of The Wall Street Journal.
Forward-Looking Statements
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