SOURCE: Universal Capital Management

Universal Capital Management

January 06, 2010 09:56 ET

Universal Capital Management Appoints Robert Oberosler to Board of Directors

WILMINGTON, DE--(Marketwire - January 6, 2010) - Universal Capital Management, Inc. (OTCBB: UCMT), a Wilmington, Delaware business development company that provides management and strategic growth resources to emerging growth companies, is pleased to announce the addition of Robert Oberosler to the Universal Capital Management Board of Directors.

Mr. Oberosler is the current President and Chief Operating Officer for Universal. His board appointment replaces that of Joseph Drennan who recently retired.

Mr. Oberosler has over 15 years of experience in senior level executive positions ranging from small public companies to large retailers. His history of building teams, developing executives, streamlining operations, and achieving significant financial improvements will be a vital asset in advising Universal on managing its diverse portfolio.

"In managing start-up companies, it is essential to develop business plans that implement cost saving initiatives while considering overall performance and investor appeal," says Michael Queen, CEO of Universal Capital Management. "Bob is skilled at that."

Mr. Oberosler also has extensive knowledge of SEC regulations and filings which will assist Universal's portfolio companies when entering the public marketplace. He has served as a Business Crisis Team Leader and a Sarbanes/Oxley Committee Member.

"I'm extremely pleased with the diversity and upside potential of Universal's holdings," says Oberosler. "The current companies, and the ones yet to be unveiled, have unique platforms with disruptive technologies. Having been with Universal for a year has given me an even greater appreciation of the hard working team and the uncanny ability to help find investors for our companies even in difficult times. We have a great passion for doing what it takes to assist our family of companies every step of the way -- from starting and growing their business to taking them to the public markets when the time is right, in the most cost efficient manner. This is our 'secret sauce.' It's an honor to be asked to serve on the board of UCMT as we continue to work hard to build value for our shareholders."

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:

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 Universal Capital Management, Inc. "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 UCM and the valuation of UCM's investment portfolio, which could 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. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. 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 Information

  • Contact:
    Julie Malewski
    (302) 998-8824