SOURCE: ubroadcast, inc.

May 05, 2010 10:44 ET

ubroadcast Closes Acquisition of X2A Consulting

SAN DIEGO, CA--(Marketwire - May 5, 2010) -  ubroadcast, inc. (OTCBB: UBCI), a leader in Internet Broadcasting, today announced that it has completed the acquisition of X2A Consulting, LLC, a privately-held, profitable business software consulting company. X2A's clients include Booz Allen Hamilton, Vodafone and employees of Microsoft, IBM, Siemens, Raytheon and Unisys and numerous other Fortune 1000 and medium-sized businesses. For 2009, X2A had revenues of under $500,000. This acquisition was made with 10,000,000 common shares of ubroadcast stock. 

About ubroadcast, inc.

UBCI's allows users to produce and broadcast LIVE and On Demand television and radio in high quality. By blending this user-generated content and UBCI's own original programming in a single application, UBCI bridges the gap between Internet video and traditional network radio and television.

Rolling Stone magazine,,, and ABC News have all given ubroadcast media attention, and The San Diego Business Journal headline stated that the market for ubroadcast programs could be "Larger than MySpace and YouTube."

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Safe Harbor Statement

This press release contains statements that may constitute forward-looking statements, including the company's ability to complete a business acquisition. These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. For additional information about UBCI's future business and financial results, refer to UBCI's Annual Report on Form 10-K for the year ended December 31, 2009. UBCI undertakes no obligation to update any forward-looking statements that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise.

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