Universal Gold Mining Corp. Announces FINRA Approval of Name Change, New Ticker Symbol and Return to OTCBB Listing Status

NEW YORK, May 13 /PRNewswire-FirstCall/ -- Universal Gold Mining Corp. (formerly Federal Sports & Entertainment, Inc. (OTC Bulletin Board: FEDS), the "Company") is pleased to announce that FINRA has approved the Company's name change to Universal Gold Mining Corp. effective May 12, 2010, and that the Company's new ticker symbol is now "UGDM".  

Additionally, the company has been advised by FINRA that it has been approved for re-listing on the Over-The-Counter Bulletin Board (OTC Bulletin Board: UGDM) effective immediately.  

About Universal Gold Mining Corp.

Universal Gold Mining Corp. is an early stage, U.S. public company currently pursuing a business strategy in the world-wide gold mining sector, with an initial focus on identifying and acquiring opportunities in the Americas.

Forward Looking Statements

Certain statements in this news release are forward-looking. These statements are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management, including, but not limited to, the Company's belief that it can identify corporate acquisition and/or joint venture opportunities in the gold mining sector in, and that the Company can establish the technical and managerial infrastructure and raise the necessary capital to take advantage of, and successfully participate in such opportunities. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission.

SOURCE Universal Gold Mining Corp.