WILMINGTON, Del., April 2, 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. (Pink Sheets:SIVO), the first Internet TV network of multicultural on-demand entertainment programming, has gained access to more than 60 WorldTV channels in approximately 17 languages including Chinese, Russian, Tagalog, Korean, French and Arabic.
Under the terms of the agreement, GlobeCast WorldTV, a subsidiary of French Telecom, will license a wide range of programming to SIVOO. The premier television packages will be distributed via SIVOO's Internet TV network at sivoo.com. This content will be available in June.
"GlobeCast WorldTV represents and distributes some of the best and most popular multicultural content, regardless of platform," said Burhan Fatah, SIVOO's chief executive officer. The programming will be available in the languages of many of America's fastest growing ethnic audiences, making sivoo.com a more attractive venue for viewers and advertisers alike."
Mr. Michael Queen, President of Universal Capital Management, stated, "Since the very first introduction of SIVOO to Universal, we were focused on the company's ability to deliver advertising to a very specifically targeted audience. Today, advertisers are seeking to provide their clients with a more focused and effective campaign wherein specifically targeted audiences are most valuable. We are extremely excited by this licensing agreement that will bring an increasing number of ethnic consumers to sivoo.com."
About SIVOO
Founded in 2000, SIVOO Holdings, 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.
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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