SOURCE: Universal Capital Management

Universal Capital Management

October 29, 2009 06:00 ET

iVolution Medical Systems Launches Loan Program to Improve Physician Cash Flow

WILMINGTON, DE--(Marketwire - October 29, 2009) - 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 that one of its holdings, iVolution Medical Systems, Inc., is preparing to launch a loan program that offers physicians easy access to working capital.

iVolution's loan program lets physicians borrow against their accounts receivable to obtain a working capital line of credit. Practice owners face significant cash flow challenges in this unstable economy. The program will offer them a low risk way to help them better navigate cash flow in order to grow their practices and acquire much needed medical equipment.

iVolution's medical billing service acts as a conduit to help fund practices and streamline the underwriting process. Eligible candidates will leverage iVolution's medical billing expertise with improved collections.

"iVolution's loan program will not only enhance the physician's revenue cycle, but it will also offer peace of mind," says Vince Pipia, Co-Chairman and CFO of iVolution. "It completes our mission of becoming a full service provider for medical billing, collections, electronic medical records, and practice management."

"There is a pent up demand for physician financing in today's market," says Robert Oberosler, President, of Universal Capital Management, "iVolution's program meets that demand while offering maximum efficiency with its full suite of superior, user-friendly, comprehensive services."

About Universal Capital Management, Inc.:

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 refer to the company's website at

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 iVolution "expects," "should," "believes," "anticipates" or words of similar import. Similarly, statements that describe UCM's or iVolution'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 iVolution 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 iVolution 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. 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 iVolution do not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Contact Information

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    Julie Malewski