Universal Capital Management Retains Agricultural Industry Leader
as Special Consultant
WILMINGTON, Del., Nov. 13, 2012 /PRNewswire/ -- Universal
Capital Management, Inc. (OTC: UCMT) announced today that it had
appointed Jeffrey Muchow, a lifelong
veteran of the agriculture industry as a special consultant to
Universal Capital to advise it as it relates to the NB Regeneration
fertilizer project. NB Regeneration is in the process of developing
a nitrogen fertilizer facility to be located in the Republic of
Panama. Universal Capital had
previously announced that it had entered into a Memorandum of
Understanding to purchase up to 43% of NB Regeneration, Inc., the
developer of a proposed 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. The Company continues to work on final documents relative to
the Memorandum of Understanding, and expects to have those
completed shortly.
Mr. Muchow has spent his entire professional career in the food
and agricultural processing industries, where he has served as a
senior officer in numerous business startups and turnaround
situations. Mr. Muchow has led numerous acquisitions due diligence
teams for mergers in food and agricultural industries both
domestically and in Brazil,
China, Russia and Bulgaria. He received his
Masters Degree in Agricultural Economics from the University of Missouri and an MBA from the
University of Northern Colorado. "Mr. Muchow's diverse and
extensive background in the agricultural industry make him the
perfect candidate to advise and oversee Universal Capital's
interest in the fertilizer project," stated Michael Queen, CEO of Universal Capital
Management.
"I am very excited to be involved in this significant capital
project," stated Mr. Muchow. "I believe it is the right product, in
the right place, at the right time, and I believe it could prove to
be financially rewarding to Universal Capital and its
shareholders."
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. Universal Capital provides
management services and assists and enables entrepreneurs to
introduce products or services to the consumer, wholesale, retail,
or global markets.
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 Universal Capital'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 Universal Capital
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 Universal Capital does not
undertake any obligation to publicly update such forward-looking
statements to reflect subsequent events or circumstances.
Contact: William Bosso
E-Mail: William.Bosso@yahoo.com
Phone: 770-777-6795
SOURCE Universal Capital Management, Inc.
