SOURCE: Universal Capital Management, Inc.

February 16, 2007 13:45 ET

The CEO of Universal Capital Management, Inc. to Appear on Market News First Radio for an In-Depth Interview on Business Development Companies

WILMINGTON, DE -- (MARKET WIRE) -- February 16, 2007 -- Universal Capital Management, Inc. (OTCBB: UCMT), a Business Development Company, announced today that the CEO Mike Queen will be interviewed on Market News First Radio & Internet TV ( on Tuesday, February 20, 2007 at 12:30 pm EST.

This in-depth interview will address key points of Business Development Companies (BDC) including a more comprehensive look at the Investment Company Act of 1940 and why this act was originally passed, the responsibility of the BDC to its portfolio companies, significant differences in Business Development Companies, hedge funds and venture capital companies and how Business Development Companies can be a useful investment for the average investor.

You can also obtain information on the issue of how the Business Development Company helps the investor to spread the risk of his investment, and improves his capabilities of broadening his investment base.

As the revenue structures of the BDCs are different than most publicly traded companies, Mr. Queen will explain how to value a BDC and what the importance of the Net Asset Value (NAV) is to the shareholder of a BDC.

Mr. Queen will also talk about the eight portfolio companies that make up the Universal Management Company Portfolio. He will explain how UCMT shareholders receive dividends in the form of shares of the portfolio companies. One such example of this is their portfolio company Theatre Extreme, Inc., which paid last August a dividend of 5.5 TXEG shares for every 100 UCMT shares owned.

About Universal Capital Management

Universal Capital Management, Inc. is a publicly traded Business Development Company created under the Investment Act of 1940. Its purpose is to assist its portfolio companies with funding and management to facilitate growth and increase their value. Please visit the company's website at

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," "could," "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 patterns, 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.

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