Multi-View is a development stage company in UCM's portfolio whose technology enables it to provide three-dimensional autostereo solutions to end-user viewers that eliminate the need for 3D glasses. Multi-View's intelligent technological solutions meet market demands for realistic, universally applicable software and hardware to embed in currently available products.
Fuzebox Studios is a digital recording studio providing music and video production services to entertainers and project developers alike. Multi-View will provide its unique 3D autostereo technology to enable artists, advertisers, game developers, film and content producers to see the futuristic potential of their craft.
Multi-View's turn-key offering encompasses a full range of market-specific, cost-efficient services including installation, customized programming and creative production to post-production, licensing, training and support. Fuzebox puts it all together with cutting edge content management and distribution.
"We believe the relationship between Multi-View and Fuzebox will add value to the investment for our shareholders," said Ched Hoover, Vice President of Universal Capital Management. "Atlanta is already a hub for recording artists. This studio is the first of its type that will let clients get an exclusive look at their projects in 3D."
Pursuant to its business plan as a Business Development Company, Universal intends to dividend shares of Multi-View to Universal shareholders upon the effectiveness of Multi-View's S-1 registration statement that Multi-View expects to file with the Securities and Exchange Commission in order to enter the public marketplace. This dividend policy increases UCM's value which results in potential multiple earnings power for UCM's shareholders.
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.
Fuzebox, LLC, is a global consulting and technology firm that specializes in developing Web 2.0 strategies, commerce models and technical frameworks for businesses. Founded and led by award-winning innovators, the privately held company gives businesses a competitive advantage through strategic technology and visionary thinking.
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 Universal Capital Management, Inc., or Multi-View "expects," "should," "believes," "anticipates" or words of similar import. Similarly, statements that describe UCM's or Multi-View'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 UCM or Multi-View as appropriate, and the valuation of UCM's investment portfolio, which could cause actual results to differ materially from those currently anticipated. Although UCM and Multi-View believe 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, and some of these factors are discussed below. These factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. These forward-looking statements are only made as of the date of this press release and both UCM and Multi-View do not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Web site: http://www.unicapman.com/