SOURCE: Universal Communication Systems, Inc.

March 02, 2006 15:53 ET

Universal Communication Systems, Inc. - Legal Announcement

MIAMI BEACH, FL -- (MARKET WIRE) -- March 2, 2006 -- Universal Communication Systems, Inc. (OTC BB: UCSY) (Berlin-Bremen: UVC) (XETRA: UVC) (Frankfurt: UVC) (Munich: UVC) (WKN: 917633) is releasing this legal announcement as a matter of record:

"In the matter of the litigation of Haffer vs. UCSY, and UCSY's various claims against WEBSKY, Inc., we are pleased to announce that both parties have reached agreement and full and final settlement relating to all claims between us. Pursuant to the above, and to the settlement reached, the company withdraws the Press Release of January 6th, 2006 in relation to the WEBSKY announcement. The company is pleased that mutual understanding prevailed and thanks all parties involved in that they agreed to settle all issues without the need for prolonged litigation."

About Universal Communication Systems, Inc.

For more information on the company, please visit the company's official web site at: www.ucsy.com

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Safe Harbor Statement

Caution Concerning Forward-Looking Statements by Universal Communication Systems, Inc.

This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and factors affecting the integration of the businesses of Universal Communication Systems, Inc. More detailed information about these factors may be found in filings by Universal Communication Systems, Inc. with the Securities and Exchange Commission, including their most recent annual reports on Form 10-KSB and quarterly reports on Form 10-QSB. Universal Communication Systems, Inc. is under no obligation to, and expressly disclaims any such obligation to, update or alter their forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact Information

  • Contact:

    Universal Communication Systems, Inc. - Miami Beach
    Rolando Sablon
    (305) 672-6344
    Email us at: Email Contact