SOURCE: Universal Communication Systems, Inc.

July 07, 2005 08:00 ET

Universal Communication Systems, Inc. Receives Further $200,000 Cash Subscription/Investment by Entities Related to Company Chairman, Michael J. Zwebner

MIAMI, FL -- (MARKET WIRE) -- July 7, 2005 -- Universal Communication Systems, Inc. (OTC BB: UCSY) announced today that its Chairman, Michael J. Zwebner, has arranged for a further cash investment of $200,000 by a number of overseas entities in which he holds an interest.

The subscription, which has been fully paid, will result in an issuance of approximately 9.2 million restricted shares. These shares are issued under SEC, Regulation "S" rules and are subject to the volume limitation restrictions of affiliates.

Michael Zwebner, chairman of the board, stated: "This additional new investment into UCSY is a continuing vote of confidence in the future of the company. We continue to execute our business plan."

About Universal Communication Systems Inc.:

For further information, visit our web address: http://www.ucsy.com

About AirWater Corporation:

For further information, visit our web address: http://www.airwatercorp.com

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
    Company web address: http://www.ucsy.com

    For further information email us at: Email Contact