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WILMINGTON, Del., Feb. 26 /PRNewswire-FirstCall/ -- Universal Capital Management, Inc. (OTC Bulletin Board: UCMT.OB - News), a Wilmington, Delaware business development company that provides management and strategic growth resources to emerging growth companies, announced today the appointment of Robert Oberosler as President and Chief Operating Officer.
Mr. Oberosler has over 15 years of experience in senior level executive positions with a focus on team building and streamlining operations. His extensive knowledge of SEC regulations, proper resource management and maintaining quality process standards will be instrumental in managing Universal's day-to-day operations. His tenure in improving retail systems of Fortune 500 companies and ensuring efficient and effective business strategies can assist Universal's portfolio companies in expediting their business plans.
"Having Bob on board strengthens our management team and widens the expertise offered to our portfolio companies," said Michael Queen, Universal's Chief Executive Officer. "His experience in turn-around situations will be vital for new companies starting out in today's economy."
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.
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