SOURCE: Universal Media Corporation

April 18, 2011 11:58 ET

Universal Media Corporation Announces Name Change to UMED Holdings, Inc.

FORT WORTH, TX--(Marketwire - Apr 18, 2011) - Universal Media Corporation (PINKSHEETS: UMED), a Texas corporation, announces that it has changed its name to UMED Holdings, Inc. and will keep its UMED trading symbol.

As a small public company that positioned itself for growth, UMED has been approached with multiple opportunities to acquire private companies that desire to be part of a public company. Management has determined that our name should be changed to be more closely associated with our future structure of owning and managing assets in multiple industries. Presently, we have acquired assets in the mining and energy industries, which have great demands in our present worldwide economy. Our latest addition is a licensing agreement with 1st Resource Group, Inc. for a technology (re-engineered by experts from a major university to be small-scale portable, modular Gas-to-Liquid (GTL) conversion units) that converts natural gas to clean Synthetic Fuels (diesel and jet fuel) to capitalize on the significant natural gas reserves in the United States and the rest of the world. The units will enable natural gas producers to achieve stronger financial performance through conversion of natural gas to clean Synthetic Fuels at significantly less cost per barrel than the cost of oil.

"UMED looks forward to having the opportunity of bringing companies in growth industries into our holding company and increasing our share price for our shareholders," says Randy Moseley, CEO of UMED.

About Universal Media Corporation.

UMED Holdings, Inc. (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 contains "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:
    UMED Holdings, Inc.
    817-529-0280 Ext 1023