WILMINGTON, DE -- (Marketwire) -- 10/26/09 -- Universal Capital Management, Inc. (OTCBB: UCMT), a Wilmington, Delaware business development company that provides management and strategic growth resources to emerging growth companies, has entered into a new management agreement with SIVOO (PINKSHEETS: SIVO).

SIVOO is currently one of Universal's holdings. The agreement will allow Universal to help in reorganizing the company and redirecting its strategies by developing effective marketing plans, recruiting new personnel, and cultivating partnerships and introductions to other companies within Universal's portfolio.

"We're looking forward to assisting SIVOO in their restructuring efforts," says Robert Oberosler, President of Universal. "We have always known SIVOO was a great technology company, and many of our outside consultants have reiterated the potential of SIVOO's technology. So we met with SIVOO and together we developed a new business and marketing plan that we believe will bring value back to this company. We will be announcing this plan over the next several weeks."

About SIVOO Inc.: Founded in 2000, SIVOO, Inc. has created CEDR, an end-to-end solution to encode, distribute, and monetize video across distribution channels including Internet, mobile, IPTV, and RSS syndication. 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, IPTV providers like Verizon FIOS TV and Verismo, and iTunes Podcasts and blogs. For more information, please visit http://www.sivoo.com.

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 assists its portfolio companies to grow and increase in value. Please refer to the company's website at http://www.unicapman.com.

Forward-Looking Statements

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