Business & Finance
Business and FinanceBusiness and Finance 
Mon, January 4, 2010
Universal Capital Management Sends Open Letter to Shareholders Regarding Update on 3D Company
WILMINGTON, DE--(Marketwire - January 4, 2010) -
Dear Shareholder,
In the most recent shareholder update, [ (News To Share, September 2009) ], I promised you an update on Multiview Technologies (MVT), one of our portfolio companies.
Universal Capital Management (
We are disappointed to report that the founder of MVT chose to leave the company, and after careful consideration, the remaining management team has made a decision to dissolve the company. UCM assisted the remaining MVT management in filing a lawsuit against the founder and is awaiting final judgment.
Now the great news... out of the ashes has arisen a significantly better 3D company with exceptional management and talent. I am very pleased to announce our newest portfolio company, [ Incredible 3D ]. The company is being led by Jean McCormick, Emmy award winning producer and Harvard Business graduate with extensive management experience in media.
On November 3rd, BF V Acquisitions, a public, non-trading shell, signed a management agreement with UCM. BF V will lead by Jean McCormick, President and CEO. BF V will soon become Incredible 3D. Jean has already focused the company's business plan on three top priorities which offer the fastest track to revenue and profitability. Over the course of the next several months we expect Incredible 3D to announce key partnerships, contracts, and investment opportunities.
The Universal Team is excited about Incredible 3D's potential of becoming the dominant player in 3D without glasses content production and distribution. This is the right opportunity with the right team at the right time. Please feel free to contact us if you want more information on Incredible 3D.
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.