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Universal Capital Management and SIVOO Enter Into New Management Agreement

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  Published in Business and Finance on Monday, October 26th 2009 at 3:10 GMT by Market Wire
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WILMINGTON, DE--(Marketwire - October 26, 2009) - Universal Capital Management, Inc. (OTCBB: [ UCMT ]), a Wilmington, Delaware business development company that provides management and strategic growth resources to emerging growth companies, has entered into a new management agreement with SIVOO (PINKSHEETS: [ SIVO ]).

SIVOO is currently one of Universal's holdings. The agreement will allow Universal to help in reorganizing the company and redirecting its strategies by developing effective marketing plans, recruiting new personnel, and cultivating partnerships and introductions to other companies within Universal's portfolio.

"We're looking forward to assisting SIVOO in their restructuring efforts," says Robert Oberosler, President of Universal. "We have always known SIVOO was a great technology company, and many of our outside consultants have reiterated the potential of SIVOO's technology. So we met with SIVOO and together we developed a new business and marketing plan that we believe will bring value back to this company. We will be announcing this plan over the next several weeks."

About SIVOO Inc.: Founded in 2000, SIVOO, Inc. has created CEDR, an end-to-end solution to encode, distribute, and monetize video across distribution channels including Internet, mobile, IPTV, and RSS syndication. With SIVOO, video assets are easily and automatically managed and distributed to Internet sites like YouTube and MetaCafe, mobile platforms like Verizon V-Cast, cable outlets like Charter Communications broadband, IPTV providers like Verizon FIOS TV and Verismo, and iTunes Podcasts and blogs. For more information, please visit [ http://www.sivoo.com ].

About Universal Capital Management, Inc.

Universal Capital Management, Inc. is a publicly traded business development company 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 refer to the company's website at [ http://www.unicapman.com ].

Forward-Looking Statements

The information contained in this press release may contain "forward-looking statements." You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," "believe," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to the following which could affect Universal Capital Management, Inc. or one or more portfolio companies: general economic and business conditions, effects of continued geopolitical unrest, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patters, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control. The Company assumes no obligation to update publicly or revise any forward-looking statements.