SOURCE: Universal Capital Management

Universal Capital Management

December 22, 2009 11:04 ET

Universal Capital Management Reports on 2nd Quarter Financials

WILMINGTON, DE--(Marketwire - December 22, 2009) - Universal Capital Management, Inc. (OTCBB: UCMT), a specialty finance company, which provides emerging growth companies with management and strategic resources for successful growth, reported its financial results for the three and six months ended October 31, 2009.

Financial Highlights

                        Oct. 30,     Oct. 31,
                          2008         2009     $ Difference  % Difference
                       ----------   ----------  ------------  ------------

Net asset value
 per share                 $ 0.38       $ 0.55  +    $  0.17        + 44.7%

Investment value       $3,471,385   $3,838,308  +  $ 366,923        + 10.6%

Total assets           $3,758,243   $4,613,126  +  $ 854,883        + 22.7%

Total liabilities      $1,539,912   $1,112,878  -  $ 427,034        - 27.7%

Net assets             $2,218,331   $3,500,248  + $1,281,917        + 57.8%

Our revenue, income and assets are derived from the receipt of stock and warrants from our portfolio companies.

"In the past year, this economy presented many young companies with a grim future," said Michael Queen, CEO of Universal Capital Management. "Not only did Universal survive, but so did our portfolio companies. We worked hard to strengthen the management teams and Boards of Directors of these companies. The promising increase in our financials shows the potential we can anticipate in the coming months."

In a subsequent event in December, after this quarter closed, Universal Capital Management added another exciting portfolio company called Mediavix. Look for more companies to join our portfolio and thus potentially increase our net asset value.

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.

UCMT's Forms 10-Q and 10-K can be accessed at

Please visit the company's website for additional information 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," "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. The Company assumes no obligation to update publicly or revise any forward-looking statements.

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