BAY CITY, Mich./TORONTO, Nov. 4, 2003 (PRIMEZONE) -- The Board of Directors of Ugomedia Interactive Corp. (OTCBB:UGMI) (name change to Sciax Corp. pending) has passed a resolution clarifying the stock dividend policy in subsidiary, Sciax Defense USA Inc.
In order to receive the stock dividend, shareholders of Ugomedia Interactive Corp. will be required to provide proof of ownership of their shares as of the date of record (November 18, 2003) to the Company's transfer agent:
Heritage Trust Company 4 King Street West, Suite 1320 Toronto, Ontario M5H 1B6 Phone: 416-363-1240 Fax : 416-864-0175
About Sciax
Sciax is an emerging leader in defense imaging systems for law enforcement and military personnel engaged in counter-terrorism and other special security operations. Sciax America Inc. and Sciax Technology Inc. are wholly owned subsidiaries of UGOMEDIA INTERACTIVE CORPORATION (A NASDAQ OTCBB/Ticker UGMI). A name change from UGOMEDIA INTERACTIVE CORP. to SCIAX CORPORATION is pending.
Sciax is the manufacturer of WolfPack, a tactical remote viewing system (TRVS(TM)) used by law enforcement and military organizations in North America and Europe. Customers include, military and law enforcement agencies of the US and German Governments, contraband interdiction units of Canada Customs, and LAPD-SWAT.
This release contains forward-looking statements with respect to the results of operations and business of Sciax Technology Inc., Sciax America Inc. and Ugomedia Interactive Corp. which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports. The company intends that such statements about the Company's future expectations, including future revenues and enforcement and defense optical imaging system earnings, and all other forward looking statements be subject to the "safe harbors" provision of the Private Securities Litigation Reform Act of 1995.