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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50] -- Ignore unavailable to you. Want to Upgrade?

To: Steven Finkel who wrote (2943)	12/9/1999 11:45:00 AM
From: Due Diligence	Read Replies (1) \| Respond to of 4766

UVTF news: FWIW DD (COMTEX) B: UNIVERSAL MEDIA HOLDINGS, INC. ANNOUNCE CELEBRITY JOINT V B: UNIVERSAL MEDIA HOLDINGS, INC. ANNOUNCE CELEBRITY JOINT VENTURE NEW YORK, Dec 9, 1999 /PRNewswire via COMTEX/ -- Universal Media Holdings, Inc.'s, (OTC Bulletin Board: UVTF), formerly Universal Turf, Inc., CEO Bruce Dugan announced today that the company has entered into a letter of intent to form a 50/50 joint venture with Boston-based All-Star Music for a project entitled "Hollywood Goes Wild," a star-studded celebrity concert and record release of the same name being scheduled for the first quarter of 2000. The project will be managed through its subsidiary, Dogtown Productions, Inc. (http://www.quatec.com/dogtown ), who developed the All-Star Music relationship. Universal's co-president Phillip Hopkins, All-Star President Ron Lovely and his associates, executive producers Mark Fine (former Polygram VP), and Loren Harriet are planning the televised live event to coincide with the album release. The project will integrate traditional broadcast in conjunction with a companion "web-cast" featuring online chats, behind-the-scene looks, trivia, contests, merchandising, and much more. The album features some of Hollywood's most celebrated actors who also happen to be talented musical performers. The album will feature such artists as Bruce Willis, Jeff Goldblum, and Billy Bob Thornton for the benefit of their "pet" charity, "The Wildlife Waystation," a non-profit habitat for abandoned circus animals and endangered species, located in the Angeles National Forest. Many other stars are in final negotiation, and featured hosts such as Arnold Swarzenegger, Jay Leno, and Drew Barrymore are also sponsors for the charity. This is the first of a series of albums with Universal Media and All-Star Music where actors can showcase their music talent as part of compilations benefiting worthy causes. The film stars are contributing songs and recordings -- many heard here for the first time -- to focus attention on these animals who reside in Hollywood's back yard. The project will be supported by an extensive marketing campaign to promote the album, TV, and Web-Site project. Producers Ron Lovely said, "Response has been amazing. So much so that there may not be enough room for all the stars who want to participate on this single album." Interested parties are invited to visit the company's web site at u-mediaholdings.com, and its subsidiaries sites at muzicbiz.com, worldofindie.com., hotwaxzombies.com, and quatec.com. Universal Media Holdings, Inc. is a holding company with an entertainment division that has operations in the traditional film and music industry as well as an Internet division that operates various entertainment-related Internet web sites and a division that specializes in sports field surfaces. For further information, contact H. Smith (908) 351-7746 or Investor Relations at 212-736-1400, ext 33. 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 (C) 1999 PR Newswire. All rights reserved. prnewswire.com -0- CONTACT: H. Smith, 908-351-7746, or Investor Relations, 212-736-1400, ext. 33, both for Universal Media Holdings WEB PAGE: u-mediaholdings.com GEOGRAPHY: New York Massachusetts INDUSTRY CODE: ENT SUBJECT CODE: JVN OTC * end of story *