SOURCE: Universal Media Corporation

March 14, 2011 11:42 ET

Universal Media Corporation Announces Agreement With 1st Resource Group, Inc.

FORT WORTH, TX--(Marketwire - March 14, 2011) - Universal Media Corporation (PINKSHEETS: UMED), a Texas corporation, announces that it has signed a definitive Agreement with 1st Resource Group, Inc. (1RG), a Wyoming Corporation with its headquarters in Fort Worth, Texas.

1RG is comprised of oil and gas professionals and experts from a major university and is developing small-scale portable, modular Gas-to-Liquid (GTL) conversion units intended to help natural gas producers gain improved market advantage. The advancement of GTL technology, pioneered by 1RG, will enable natural gas producers to achieve stronger financial performance through conversion of natural gas to clean Synthetic Fuels.

The Agreement calls for UMED to be a primary source for the commercialization of the GTL Conversion Units which will generate revenues for UMED. 1RG will participate in the revenues and receive a yet to be determined number of UMED warrants. Additional consideration will be based upon certain performance. 

"This is a terrific opportunity for UMED to enter the energy sector and provide new technology to capitalize on the significant natural gas reserves in the United States," says Randy Moseley, CEO of UMED.

About Universal Media Corporation

Universal Media Corporation (UMED), located in Fort Worth, Texas, is a holding company positioned to acquire assets and companies in the energy, precious metals, aerospace, media and social media business sectors of our economy. 

More information will be reported during the coming months.

Forward Looking Statements

Some of the information contained in this press release contain "forward-looking statements." In many cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of such terms and other comparable terminology. These statements are only predictions. Actual events or results may differ materially as a result of risks facing UMED or actual results differing from the assumptions underlying such statements.

These forward-looking statements are made only as of the date hereof, and UMED undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. All forward-looking statements are expressly qualified in their entirety by the "Risk Factors" and other cautionary statements included in the Company's annual, quarterly and special reports, proxy statements and other public filings with OTC Markets or the Securities and Exchange Commission.

Contact Information

  • CONTACT:
    Universal Media Corporation
    817-529-0280 X1023