WILMINGTON, Del., April 24 /PRNewswire-FirstCall/ -- Universal Capital
Management, Inc., (OTC Bulletin Board: UCMT) a publicly traded venture
capital fund that provides emerging growth companies with management and
strategic resources for successful growth, is pleased to announce that
Vystar Corporation ("Vystar"), its newest portfolio company, has entered
into a contract with Revertex Malaysia, the world's largest producer of
pre-vulcanized rubber lattices and post vulcanizable latex compounds, to
produce Vytex(TM) natural rubber latex (NRL).
Revertex is known for its expertise in producing some of the most
stable latex compounds and is a supplier for many of the types of
manufacturers that are waiting to introduce Vytex NRL into their product
lines. As part of the contract, Vystar now has the cooperation of the
Revertex staff, from sales to technical support, worldwide. William R.
Doyle, Vystar's CEO, states, "This contract represents tremendous capacity
to produce Vytex NRL and meet the growing demands of manufacturers who are
currently evaluating this revolutionary product."
Universal Capital Management President and CEO, Michael Queen, stated,
"Vystar's recent contract announcement with Revertex Malaysia further
validates our belief that Vystar has the product and management team to
become one of our more successful portfolio companies and reaffirms our
belief that it has the potential to become a rapidly growing public
company."
About Universal Capital Management, Inc.: Universal Capital Management,
Inc. is a publicly traded Business Development Company created under the
Investment Act of 1940. Its purpose is to assist its portfolio companies
with funding and management to facilitate growth, and increase their value.
Please refer to the company's website at http://www.unicapman.com .
Forward-Looking Statements:
The information contained in this press release may contain
"forward-looking statements." You can identify these statements by use of
the words "may", "will," "should," "plans," "explores," "expects,"
"anticipates," "continue," "estimate," "project," "intend," "believe," and
similar expressions. Forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially from
those projected or anticipated. These risks and uncertainties include, but
are not limited to the following which could affect Universal Capital
Management, Inc. or one or more portfolio companies: general economic and
business conditions, effects of continued geopolitical unrest, competition,
changes in technology and methods of marketing, delays in completing
various engineering and manufacturing programs, changes in customer order
patters, changes in product mix, continued success in technological
advances and delivering technological innovations, shortages in components,
production delays due to performance quality issues with outsourced
components, and various other factors beyond the Company's control. The
Company assumes no obligation to update publicly or revise any
forward-looking statements.
SOURCE Universal Capital Management, Inc.
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Related links:
http://www.unicapman.com
CONTACT:
Mr. Michael Queen of Universal Capital
Management, +1-302-998-8824, michael.queen@unicapman.com
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