UNIVERSAL CAPITAL MANAGEMENT,Inc Financials

All numbers in thousands

PERIOD ENDING 30-Apr-08 31-Jan-08 31-Oct-07 31-Jul-07 Total Revenue 2,510   412   414   509   Cost of Revenue 25   28   28   24   Gross Profit 2,485   384   386   485   Operating Expenses Research Development -   -   -   -   Selling General and Administrative 175   174   213   455   Non Recurring -   -   -   -   Others 0   0   0   6   Total Operating Expenses -   -   -   -   Operating Income or Loss 2,310   210   173   23   Income from Continuing Operations Total Other Income/Expenses Net 898   (470) 495   (1,494) Earnings Before Interest And Taxes 2,370   (428) 836   (1,470) Interest Expense 13   15   16   17   Income Before Tax 2,357   (443) 820   (1,488) Income Tax Expense 923   (1) (2) (82) Minority Interest -   -   -   -   Net Income From Continuing Ops 2,272   (274) 654   (1,406) Non-recurring Events Discontinued Operations -   -   -   -   Extraordinary Items -   -   -   -   Effect Of Accounting Changes -   -   -   -   Other Items -   -   -   -   Net Income 2,272   (274) 654   (1,406) Preferred Stock And Other Adjustments -   -   -   -   Net Income Applicable To Common Shares $2,272   ($274) $654   ($1,406)