WILMINGTON, Del., Sept. 19, 2012 /PRNewswire/ -- Universal
Capital Management, Inc. (OTC: UCMT) announces the following: NB
Regeneration announced today that it had retained The Americas
Group, to assist the Company in various capacities relative to the
development of its proposed nitrogen fertilizer facility to be
located in the Republic of Panama.
The Americas Group's advisory services in Latin America will include government
relations, sales and marketing, joint ventures and strategic
relationships both in the U.S. and Latin
America and various other advisory services.
Universal Capital Management, Inc. (UCMT) had previously
announced that it had entered into a Memorandum of Understanding
(MOU) to purchase up to 43% of NB Regeneration, Inc. NB
Regeneration is in the process of developing a nitrogen fertilizer
facility to be located in the Republic of Panama that will be capable of producing up to
4,000 MT of granulated urea daily.
"We are very excited to be involved in this significant
project," stated Howard M. Glicken,
Chairman & CEO of The Americas Group. "We believe that
our extensive experience in the region will be an important and
valuable resource for NB Regeneration."
Michael Queen, CEO of Universal
Capital Management stated, "The announcement last week by Orascom
Construction Industries, of its intent to build a $1.4 billion urea plant in Iowa (WSJ On-line Article) is further
indication of our belief that the demand for urea will continue to
increase for the foreseeable future." Orascom is a construction and
fertilizer company in Egypt with
sales exceeding U.S. $6 billion and
one of Egypt's largest
companies.
About Universal Capital Management, Inc. Universal
Capital Management has been actively involved in direct response
management and marketing services that it provides to its clients
or its specifically owned businesses. The Company provides
management services and assists and enables entrepreneurs to
introduce products to the consumer, wholesale, retail, or global
markets.
About The Americas Group
The Americas Group ("TAG") is a consulting, marketing and
merchant banking firm focusing its activities on Latin America, Mexico and the Caribbean. The Company develops Latin American
market entry strategies for U.S. Companies and United States market entry strategies for
Latin American Companies, and then assists them in executing the
strategies through a variety of business arrangements.
http://www.theamericasgroup.net
Forward-Looking Statements: Certain matters discussed in
this press release are "forward-looking statements." These
forward-looking statements can generally be identified as such
because the context of the statement will include words, such as
"expects," "should," "believes," "anticipates," or words of similar
import. Similarly, statements that describe UCM's future plans,
objectives or goals are also forward-looking statements. Such
forward-looking statements are subject to certain risks and
uncertainties, including the financial performance of as
appropriate, which would cause actual results to differ materially
from those currently anticipated. Although UCM believes the
expectations reflected in any forward-looking statements are based
on reasonable assumptions, they cannot give any assurance that
their expectations will be attained. Shareholders, potential
investors and other readers are urged to consider these factors
carefully in evaluating any forward-looking statements. Certain
factors could cause results and conditions to differ materially
from those projected in these forward-looking statements. These
forward-looking statements are only made as of the date of this
press release and UCM does not undertake any obligation to publicly
update such forward-looking statements to reflect subsequent events
or circumstances.
Contact:
Michael Queen
302-998-8824
SOURCE Universal Capital Management, Inc.
