NB Regeneration Retains The Americas Group
WILMINGTON, Del., Sept. 19, 2012
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
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.
SOURCE Universal Capital Management, Inc.
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