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WILMINGTON, Del., April 17 /PRNewswire-FirstCall/ -- Universal Capital Management, Inc., (OTC Bulletin Board: UCMT - News), a publicly traded venture capital company that provides emerging growth companies with management and strategic resources for successful growth, is pleased to announce that Universal Capital Management, Inc.'s addition of Vystar Corporation to its portfolio of companies was reported in an article published in the March issue of Rubber and Plastics News. The article can be read in its entirety at http://rubberandplastics.texterity.com/rubberandplastics/20080310/?pg=7&pm=1&u 1=friend (Due to the length of this URL, please copy and paste it into your Internet browser.)
Pursuant to its business plan as a Business Development Company, Universal intends to dividend shares of Vystar to Universal shareholders upon the effectiveness of Vystar Corporation's S-1 registration statement that Vystar expects to file with the Securities and Exchange Commission later this year.
About Vystar Corporation: Vystar Corporation, incorporated in 2003, is a privately funded corporation located in the Atlanta area. The company's operations have been focused substantially on early-stage research, development, testing and commercialization of the Vytex process. Vystar, named a 2007 Top 10 Innovative Technology Company in Georgia by the Technology Association of Georgia (TAG), holds two U.S. patents for the Vytex(TM) technology, with additional filings pending. For more information, please visit www.vytex.com.
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., or Vystar Corporation "expects," "should," "believes," "anticipates" or words of similar import. Similarly, statements that describe UCM's or Vystar'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 Vystar 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 Vystar 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 herein. 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 Vystar do not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
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