Universal Capital Management, Inc. Reports on Third-Order Nanotechnologies, Inc. Appointment of a New Member to its Board of Directors
WILMINGTON, Del., Jan 28, 2008 /PRNewswire-FirstCall via COMTEX/ -- Universal Capital Management, Inc. (OTC Bulletin Board: UCMT), a publicly traded venture capital company that provides emerging growth companies with management and strategic resources for successful growth, is pleased to announce that Third-Order Nanotechnologies, Inc. (OTC Bulletin Board: TDON) has strengthened its Board of Directors with its most recent appointment. Third-Order Nanotechnologies, Inc. is one of Universal Capital's largest and most exciting portfolio companies.
On Wednesday, January 23, 2008, Third-Order Nanotechnologies, Inc. announced the appointment of William "Bim" Pickett to its Board of Directors. Mr. Pickett has held financial leadership positions at both the business unit and corporate levels in North America, South America and Europe.
Mr. Pickett joins Third-Order Nanotechnologies, Inc. after a thirty-two year career with E.I. DuPont de Nemours & Co. During his career at DuPont, Mr. Pickett worked in numerous financial leadership positions, with the most recent position as Chief Financial Officer of Invista, DuPont's $7 billion man-made fibers company, prior to its sale to Koch Industries, Inc. Mr. Pickett received his MBA from Harvard Business School and a BA from Trinity College.
Universal Capital Management's Vice President, Joe Drennan, comments, "This appointment is another great step that Third-Order is taking to help lay a solid foundation for sustained growth as they transition from research and development to commercialization."
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 invests in many high risk, high return companies. Please visit the company's website for additional information at unicapman.com .
Forward-Looking Statements
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Contact:
Mr. Michael Queen
Universal Capital Management
302-998-8824
michael.queen@unicapman.com
SOURCE Universal Capital Management, Inc.
URL: unicapman.com
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