WILMINGTON, Del., Aug. 28, 2006 (PRIMEZONE) -- Universal Capital Management, Inc. (OTCBB:UCMT), a Business Development Company which provides emerging growth companies with management and strategic resources for successful growth, announced today that one of its portfolio companies, PSI-TEC Holding Corp. (Pink Sheets:PTHO), established a co-location agreement with a New Jersey-based micro-optics company providing it with a base for the commercialization of its new waveguide devices.
The Agreement allows PSI-TEC's scientists to establish a prototype pre-production laboratory facility to test and integrate its organic materials into waveguide devices for use in telecommunication modulators, optical filters and optical interconnects.
About PSI-TEC
PSI-TEC (www.psiteccorp.com) is developing high-activity, high-stability electro-optic polymers for application in the electro-optic device market. Electro-optic devices convert data from electric signals into optical signals for use in communications systems and in optical interconnects for high-speed data transfer.
About Universal Capital Management
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.
The primary investment objective of Universal Capital Management is to increase its net assets by adding value to each of its portfolio companies and thus, increasing stockholder value. The Company's net asset value is the potential driving force for its market value. Management believes that the Company will be able to achieve these objectives by concentrating on investments in companies which are most likely to benefit from management's expertise in finance, strategic planning, operations, and technology.
Please visit the company's website at http://www.unicapman.com.
Forward-Looking Statements
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