Universal Media Holdings, Inc. Announces Installation Date of 'Ship Egis' System
CARLSTADT, N.J., March 3 /PRNewswire/ -- James Neebling, President of Universal Media Holdings, Inc., (OTC Bulletin Board: UVTF) announced today that the Company's subsidiary, E-Trans Logistics, has scheduled late April 2000 for the installation of the "Ship Egis" tracking system. The "Ship Egis" software will allow the sender, the carrier and the recipient to know at a moment's notice where the shipment of goods is en route, thereby enabling all parties to schedule appropriate delivery times, thus minimizing delays and costs and improving equipment utilization.
In other news, James Zimbler, Chairman of Universal Media Holdings, Inc., announced that the Company has entered into a letter of intent to sell one of its subsidiaries, Universal Sportsfield, Inc., and has received several bids for two of the Company's other subsidiaries, Dogtown Productions and www.WorldofIndie.com. While negotiations are in the preliminary stages, Mr. Zimbler feels confident that the two sales will be completed. The sales will enable management to concentrate its resources on making Universal Media an E-logistics company and, with the additional equity, enable the Company to locate and acquire other companies that will complement the present core of companies.
Additional information about the Company, its direction, focus and future strategies may be obtained either by visiting the Company's website, www.u-mediaholdings.com or contacting Kenneth Parsteck, 201-804-8500, or by e-mail to gerardex@bellatlantic.net .
Universal Media Holdings, Inc. is an E-commerce, E-logistics company.
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.
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SOURCE: Universal Media Holdings, Inc.
CONTACT: Michael S. Krome, Esq., General Counsel for Universal Media Holdings, Inc., 631-863-9898; or James Neebling of E-Trans Logistics, 201-804-8500 |
