Universal Capital Management, Inc. Congratulates Its Portfolio Company, SIVOO Holdings, on New Revenue Opportunity! |
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By: Universal Capital Management, Inc. Posted: 2008-02-14 04:43:09 |
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Universal Capital Management, Inc. (OTC Bulletin Board: UCMT.OB), a publicly traded venture capital company which provides emerging growth companies with management and strategic resources for successful growth today congratulated its portfolio company, SIVOO Holdings (Pink Sheets: SIVO.PK), on its new three year technology services agreement with JumpTV Inc. (TSX, AIM: JTV). This multi- year strategic relationship leverages SIVOO's CEDR technology platform to create Video-On-Demand (VOD) assets from JumpTV's extensive streaming content offering of over 10,000 live sports events per year from over 175 sports properties and 250 channels from 70+ countries.
SIVOO will turn a large portion of high-demand Sports and Latin American content from JumpTV into Video-On-Demand and will manage the distribution of this video to JumpTV and their partners. "The CEDR technology platform provides JumpTV with the ability to leverage their existing video assets into multiple distribution channels as Video-On-Demand in order to reach the largest possible audience," said Christopher Myers, SIVOO's president and chief operating officer. "The relationship with SIVOO is a prime example of the ways JumpTV is embracing new technologies, platforms and relationships worldwide to better serve our users and to help expand the base of potential advertisers everywhere," said Jordan Banks, CEO of JumpTV. Commenting on SIVOO's opportunity, Michael Queen, President and CEO of Universal Capital said, "SIVOO is fortunate to have had the opportunity to partner with a leading broadcaster of sports and international television over the internet such as JumpTV." About SIVOO Founded in 2000, SIVOO, Inc. operates the first Internet TV network of multicultural on-demand entertainment, and has created CEDR, an end-to-end solution to encode, distribute, and monetize video across distribution channels including Internet, mobile, and IPTV. With SIVOO, video assets are easily and automatically managed and distributed to Internet sites like YouTube and MetaCafe, mobile platforms like Verizon V-Cast, cable outlets like Charter Communications broadband, and IPTV providers like Verizon FIOS TV and Verismo. About JumpTV JumpTV (http://www.jumptv.com, http://www.collegesportsdirect.com) is a world leading broadcaster of sports and international television over the Internet. JumpTV streams over 10,000 live sports events per year in partnership with over 175 sports properties and also streams over 250 television channels from 70+ countries around the world. JumpTV delivers its users full-screen sports, news and entertainment content on a real-time basis to all corners of the globe via ordinary Internet connections on their home computers and laptops. About Universal Capital Management, Inc. Universal Capital Management, Inc. is a publicly traded business development company under the Investment Act of 1940. Its purpose is to provide an opportunity for its shareholders to diversify risk by investing in a fund that invests in many high risk, high return companies. Please visit the company's website for additional information 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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