UVTF - news with Fortune 500 company designing patent for Palm Pilots - out after the bell. This will run tomorrow. 1.2M float, more than half tightly held, and MM very short. I'm hearing official news with a specific Fortune 500 company out this week 100% 5 Day chart is a beauty, ready for breakout. Read the whole news.
Tuesday January 11, 3:45 pm Eastern Time
Company Press Release
SOURCE: Universal Media Holdings, Inc
Universal Media Holdings, Inc. Explains Patents Obtained in Asset Purchase Agreement With World Cyberlinks, Inc.
NEW YORK, Jan. 11 /PRNewswire/ -- James Zimbler, Chairman of Universal Media Holdings, Inc.,(OTC Bulletin Board: UVTF - news) today expanded on the previously released news that the Company has entered into an Asset Purchase Agreement for certain patents, copyrights and trademarks with World Cyberlinks, Inc.
Mr. Zimbler, in clarifying the nature of the patents that are being obtained from World Cyberlinks, stated that the patents covered the docking system station for transferring data between pen-based computers and host computer systems. The docking stations can accept a number of pen-based computer systems in spaced apart parallel divider panels. The pen-based computers have a display screen, protective case and interface housing for the pen-based computer.
The patents also cover a method of interfacing between data transmissions systems having an unequal number of transceiver ports. The interface mechanism decompresses the data packet and control signal to provide a data information signal and a control information signal when separated.
The Company has indicated that there has been enormous interest in the docking stations that employ the technology that is covered by these patents which should result in expanded bottom line figures and opens trade avenues with Fortune 500 companies.
Universal Media Holdings, Inc. is an E-commerce and technical Internet company.
For further information contact Investor Relations at 212-736-1400, ext. 33, or H. Smith, 908-351-7746, Smarter Pr Inc.
Statements contained in this press release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties that can cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filings with the various Regulatory Authorities having jurisdiction. Smarter PR has been retained to provide public relations services for the above company and as such has received compensation from the company. This compensation may be in the form of cash or securities and/or stock purchase options. Smarter PR and its officers, directors and employees may from time to time have a position in and purchase and sell the securities mentioned. For further information contact a company representative.
SOURCE: Universal Media Holdings, Inc |
