January 05, 2010 08:00 ET

Incredible 3D Appoints Jean McCormick

Emmy Award-Winning Digital Executive Becomes President and CEO

WILMINGTON, DE--(Marketwire - January 5, 2010) - Universal Capital Management, Inc. (OTCBB: UCMT), a Wilmington, Delaware business development company that provides management and planning resources to emerging growth companies, is pleased to announce that Universal portfolio company, Incredible 3D, has appointed Jean McCormick as President and CEO.

Incredible 3D is a digital media company that uses proprietary technology to create and distribute dynamic 3D content, which is displayed on a screen that can be viewed without special eyewear. Currently in its developmental stage, Incredible 3D will ultimately take advantage of the explosive demand for 3D by developing exceptional 3D content; a 3D content library; a distribution platform for 3D content; creating a licensing business for 3D content production; branding a rendering and editing standard for eyewear-free 3D content; developing total solution packages for commercial and home use; and co-developing a low-cost hardware solution to quickly and significantly increase the number of 3D without eyewear screens. The 3D content appears to magically float in front of the screen.

Jean McCormick has worked in the digital media space since 1998, honing her skills in content, social networking, business development, sales, and marketing functions while establishing an impressive reputation. To her credit, she built a content group at SightPath, which was one of the first companies to deliver TV-quality video to the desktop. In 2000, SightPath was sold for $800 million to Cisco. She moved on to serve as VP of Content for myteam.com, a youth sports startup involved in social networking and user generated content in the earliest stages. She then worked as Head of Content for LRN, where she oversaw the production of numerous online videos for the corporate market.

Jean began her career at ABC News, where she ultimately became the "Chief Researcher" for "Nightline." At ABC's ESPN division she became the first female Studio Producer and Coordinating Producer, winning seven sports Emmy awards for "Sunday SportsDay" and "Outside the Lines." She then helped launch CNN/SI as Executive Producer for Turner.

Jean holds a B.A. degree from Wellesley and an MBA degree from Harvard.

"We are thrilled Jean accepted the position as President and CEO," says Robert Oberosler, President and COO of Universal Capital Management. "Her caliber of expertise is what this company needs to bring it to the next level and subsequently add value to the investment 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., or Multi-View "expects," "should," "believes," "anticipates" or words of similar import. Similarly, statements that describe UCM's or Multi-View'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 or Multi-View as appropriate, and the valuation of UCM's investment portfolio, which could cause actual results to differ materially from those currently anticipated. Although UCM and Multi-View believe 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 below. 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 both UCM and Multi-View do not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.