WILMINGTON, Del., Sept. 19, 2012 /PRNewswire/ -- Universal Capital Management, Inc. (OTC: UCMT) announces the following: NB Regeneration announced today that it had retained The Americas Group, to assist the Company in various capacities relative to the development of its proposed nitrogen fertilizer facility to be located in the Republic of Panama. The Americas Group's advisory services in Latin America will include government relations, sales and marketing, joint ventures and strategic relationships both in the U.S. and Latin America and various other advisory services.
Universal Capital Management, Inc. (UCMT) had previously announced that it had entered into a Memorandum of Understanding (MOU) to purchase up to 43% of NB Regeneration, Inc. NB Regeneration is in the process of developing a nitrogen fertilizer facility to be located in the Republic of Panama that will be capable of producing up to 4,000 MT of granulated urea daily.
"We are very excited to be involved in this significant project," stated Howard M. Glicken, Chairman & CEO of The Americas Group. "We believe that our extensive experience in the region will be an important and valuable resource for NB Regeneration."
Michael Queen, CEO of Universal Capital Management stated, "The announcement last week by Orascom Construction Industries, of its intent to build a $1.4 billion urea plant in Iowa (WSJ On-line Article) is further indication of our belief that the demand for urea will continue to increase for the foreseeable future." Orascom is a construction and fertilizer company in Egypt with sales exceeding U.S. $6 billion and one of Egypt's largest companies.
About Universal Capital Management, Inc. Universal Capital Management has been actively involved in direct response management and marketing services that it provides to its clients or its specifically owned businesses. The Company provides management services and assists and enables entrepreneurs to introduce products to the consumer, wholesale, retail, or global markets.
About The Americas Group
The Americas Group ("TAG") is a consulting, marketing and merchant banking firm focusing its activities on Latin America, Mexico and the Caribbean. The Company develops Latin American market entry strategies for U.S. Companies and United States market entry strategies for Latin American Companies, and then assists them in executing the strategies through a variety of business arrangements. http://www.theamericasgroup.net
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.
SOURCE Universal Capital Management, Inc.