SOURCE: Universal Capital Management

Universal Capital Management

March 31, 2010 10:12 ET

Universal Capital Management, Inc. Receives 2009 Best of Business Award

Small Business Commerce Association's Award Honors the Achievement

WILMINGTON, DE--(Marketwire - March 31, 2010) -  The Small Business Commerce Association (SBCA) recently announced its 2009 Best of Business award winners. Universal Capital Management, Inc. (OTCBB: UCMT) has been selected a recipient in the Venture Capital Companies category.

The SBCA 2009 Award Program recognizes the top 5% of small businesses throughout the country. Using statistical research and consumer feedback, the SBCA identifies companies believed to have demonstrated what makes small businesses a vital part of the American economy. The selection committee chooses the award winners from nominees based off statistical research and also information taken from monthly surveys administered by the SBCA, a review of consumer rankings, and other consumer reports. Award winners are a valuable asset to their community and exemplify what makes small businesses great.

"We are honored to receive this recognition," says Michael Queen, CEO of Universal Capital Management. "Because the venture capital industry has taken a hit in the recent economy, this award is a true testament to our company's longevity and ability to help young businesses grow."

About Small Business Commerce Association (SBCA)

Small Business Commerce Association (SBCA) is a San Francisco based organization. The SBCA is a private sector entity that aims to provide tactical guidance with many day to day issues that small business owners face. In addition to our main goal of providing a central repository of small business operational advice; we use consumer feedback to identify companies that exemplify what makes small business a vital part of the American economy.

About Universal Capital Management, Inc.: Universal Capital Management, Inc. is a non-diversified, closed-end management investment company that has elected to be treated as a business development company (BDC) under the 1940 Act. We are a diversified, aggressive investment tool that assists early stage development companies in all aspects of the planning process from inception to entering the public marketplace. This includes drafting financials, capitalization tables, valuations, business plans and coordinating public/investor relations efforts. Our niche is to help young companies create a private placement memorandum and introduce them to a diversified group of accredited investors in order to help them get started and/or move forward. Because we take on so many different clients in varied industries, we are extremely diversified in our overall portfolio. Investors who invest in us are thus looking for high returns with minimal downside. For our management services we receive a block of common stock which could result in a financial windfall for us and our shareholders. For more information, visit 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 "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, and some of these factors are discussed. These factors are not exhaustive. 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 do not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

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