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WILMINGTON, Del., March 12 /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 Theresa Quattrochi Hoffmann as Vice President of Finance.
Mrs. Hoffmann has over 12 years of public accounting experience, including business start-up, audit and review of profit and non-profit entities, financial statement preparation, financial planning and projections and business and personal tax preparation. She holds a Bachelor of Science degree in Accounting from Virginia Tech.
Mrs. Hoffmann has been with Universal Capital Management for over three years, during which time she has been responsible for working with UCM's portfolio companies as an aid to their CFO or controller and, in certain circumstances, as an interim CFO or controller when necessary.
Mrs. Hoffmann primarily assists UCM's portfolio companies in managing cash flow, maintaining and establishing accounting policies and procedures, preparing financial statements for auditor reviews and audits, preparing SEC filings and preparing budgets and financial projections. She acts as a financial liaison between UCM and the portfolio companies, providing both with valuable information to help guide the portfolio companies through their initial stages of development.
In addition, Mrs. Hoffmann has been responsible for the day to day accounting operations and financial reporting of UCM.
"Theresa has earned this promotion through her hard work and hands-on experience of working with start-up and development stage companies," says Michael Queen, CEO of Universal Capital Management. "Her accounting experience is invaluable to our portfolio companies and has proven to be a major cost saver for them."
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:
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. "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 UCM and the valuation of UCM's investment portfolio, which could 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. 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 UCM does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
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