SOURCE: Wall Street News Alert

October 24, 2005 08:36 ET

Wall Street News Alert: Aggressive Investors Alert Issued on UMDH! October 24, 2005

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- October 24, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: Universal Media Holdings, Inc. (OTC: UMDH), Time Warner Inc. (NYSE: TWX), Clear Channel Communications, Inc. (NYSE: CCU) and DIRECTV (NYSE: DTV).

Once again, aggressive investors and day traders may be watching Universal Media Holdings, Inc. (OTC: UMDH) this morning! Friday after the stock markets closed, the company issued a press release announcing that it is commencing the construction of a new broadcast television station in Tupelo, Mississippi. Tupelo, famous as Elvis Presley's birth place, is city of antebellum homes and beautiful river frontage.

News of the company's new broadcast television station may be good news for investors, as UMDH Vice President, Erick Mathe, states, "Tupelo is a city poised for growth as wealthy baby-boomers are reaching retirement age. There are so many pluses to Tupelo; we are excited to be in this dynamic market. Since much of the equipment has been ordered, we expect to be on the air less than 60 - 90 days."

Watch this company! Lee County is one of 82 counties in Mississippi. The county is in the Tupelo metro area with an estimated population of over 78,000. Median household income averaged $36,165. Tupelo is recognized around the world as the birthplace of Elvis Presley, and is centerpiece of Tupelo's $46 million tourism and hospitality industry.

Investors should continue to monitor the progress of Universal Media for further developments!

For updated in-depth coverage and a company profile of Universal Media Holdings, visit

Prior to the press release, the stock closed Friday at under a penny a share.

In case you are not familiar with the company: Universal Broadcast Network, Inc.'s principal business is the construction, development, management, and operation of a low-power television (LPTV) broadcast network. UBN has secured its network distribution potential through the acquisition of FCC governed LPTV licenses and construction permits. Exclusive permits issued by the government allow UBN to construct a broadcast television network. UBN's current programming affiliation opportunities include The Men's Channel, Healthy Living, Beauty & Fashion, I-Shop Home Shopping, and Alma Television.

Stocks showing interesting activity Friday at the close of the regular trading day were: Time Warner Inc. (NYSE: TWX) down 0.8% on 19.9 million shares traded, Clear Channel Communications, Inc. (NYSE: CCU) down 1% on 2.4 million shares traded and DIRECTV (NYSE: DTV) down 0.8% on 2 million shares traded.


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