WILMINGTON, Del., March 9, 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, Inc. formerly, Broad Relay Holdings, Inc. (Pink Sheets:BDRH), a significant holding in Universal Capital Management Inc.'s portfolio of companies, entered into an Agreement with Verizon's FiOS TV providing it with International Film content.
Michael Queen, President of Universal Capital Management, said, "We are very excited that SIVOO's first Internet-Protocol-TV distribution agreement will provide Verizon's FiOS TV subscribers who speak Spanish, Chinese and Hindi with more multicultural entertainment." Mr. Queen noted that FiOS TV services are in more than 200 communities Nationwide.
Mr. Queen added, "This Agreement with a multi-channel video provider will have a propensity to drive viewers to SIVOO's Internet TV Network at www.sivoo.com., and will take SIVOO beyond Internet-TV into American households and on their TV screens."
Mr. Burhan Fatah, Ph.D., SIVOO's founder, president and chief executive officer said, "We're excited to join with Verizon to bring high-quality multicultural entertainment to their growing base of FiOS TV subscribers. With FiOS TV, Verizon has demonstrated its commitment to delivering innovative services to customers -- a quality that SIVOO also takes great pride in with respect to its programming."
SIVOO will provide 236 titles in Spanish, Chinese and Hindi to Verizon over three years. During March, Verizon will offer eight films each in Spanish and Hindi and three in Chinese, and SIVOO will refresh the selection monthly. For the complete announcement, please visit SIVOO.com, click on Investor Relations and News Room.
About SIVOO
Founded in 2000, SIVOO, Inc. operates the first Internet TV network of multicultural on-demand entertainment. It serves the fastest growing segments of the U.S. population with more than 21,000 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.
SIVOO is headquartered in Philadelphia, PA, and has a production facility in Universal City, CA.
About Universal Capital Management, Inc.
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
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