Universal Capital Management, Inc. Chief Executive Publishes Open Letter to Shareholders

WILMINGTON, Del., Dec. 4, 2012 /PRNewswire/ -- Universal Capital Management, Inc. (OTCQB: UCMT) announced today its CEO has published an open letter to its shareholders.

Dear Shareholders:

I am writing this letter to apprise you of the exciting events occurring with respect to Universal Capital Management, Inc.

Our company is currently positioning itself to expand its business and become a diversified holding company that is engaged in different businesses through the operation of consolidated subsidiaries. We plan to accomplish this expansion through acquisition, merger or the formation of newly created subsidiaries. Our company is currently in various stages of talks with several target companies that could further the company's goal to become a diversified holding company, but no agreements have been reached to date. We are working as quickly and diligently as possible to move this initiative forward, and we will keep you informed as material developments occur. Further, to assist us in this endeavor, we will continue to engage industry leaders such as Jeff Muchow, an internationally reputed veteran of the agricultural industry, who we engaged as a consultant on November 13, 2012 to oversee our investment in the fertilizer facility that NB Regeneration intends to develop (see below).

We are most excited about our association with NB Regeneration and the proposed development of a world-class nitrogen fertilizer facility capable of producing up to 4,000 MT daily in the Republic of Panama.  On August 22, 2012 we announced that we had entered into a Memorandum of Understanding to purchase a 12.7% interest in the project with an option to purchase up to an additional 30% interest in the venture. Many internationally recognized companies are either involved or have expressed an interest to become involved in this projected $2B capital project. We expect to have all details of this transaction finalized shortly.

As you know, our company is currently involved in the direct response management and marketing services industry and has been involved in the marketing of the Twist and Tone, which has appeared on QVC and in Rite Aid, as well as various other venues. We are currently negotiating with a nationally known entity to sell our existing inventory in the Twist and Tone, as well as any rights that our company holds in future profits to that product. We are also in various stages of discussions with a variety of other companies to assist them with marketing a variety of their products. No definitive agreements have been reached to date on any of these matters, but we will keep you informed as material developments occur.

Thank you for your continued support, and Happy Holidays to you and yours.

Best regards,

Michael Queen

About Universal Capital Management, Inc. Universal Capital Management is currently engaged in the direct response management and marketing services industry.  Recently, it entered into a Memorandum of Understanding to purchase a stake in a company that is intending to develop a $2B nitrogen fertilizer facility to be built in the Republic of Panama.  UCMT intends to expand its operations and become a diversified holding company engaged through consolidated subsidiaries in a variety of businesses.

Forward-Looking Statements: Certain matters discussed in this press release are "forward-looking statements." These forward-looking statements can generally be identified as such because the context of the statement will include words, such as "expects," "should," "believes," "anticipates," or words of similar import. Similarly, statements that describe UCM's future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, including the financial performance of as appropriate, which would cause actual results to differ materially from those currently anticipated. Although UCM believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, they cannot give any assurance that their expectations will be attained. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating any forward-looking statements. Certain factors could cause results and conditions to differ materially from those projected in these forward-looking statements. These forward-looking statements are only made as of the date of this press release and UCM does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Contact:

Contact:

William Bosso

E-Mail:

William.Bosso@yahoo.com

Phone:

770-777-6795

 

 

 

SOURCE Universal Capital Management, Inc.




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