Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : DD's DD -- Ignore unavailable to you. Want to Upgrade?

To: Due Diligence who wrote (756)	1/6/2000 2:58:00 PM
From: Due Diligence	Read Replies (1) \| Respond to of 2080

UVTF news: (COMTEX) B: UNIVERSAL MEDIA HOLDINGS, INC. ANNOUNCES SIGNING LETTER O B: UNIVERSAL MEDIA HOLDINGS, INC. ANNOUNCES SIGNING LETTER OF INTENT WITH WORLD CYBERLINKS, INC. NEW YORK, Jan 6, 2000 /PRNewswire via COMTEX/ -- James Zimbler, Chairman of Universal Media Holdings, Inc., (OTC Bulletin Board: UVTF) announced today that the Company has entered into an Asset Purchase Agreement for certain patents, copyrights and trademarks with World Cyberlinks, Inc. In addition, Mr. Zimbler announced the hiring of a team of technical personnel in the e-commerce and technical Internet fields. These individuals will provide superior technical support and expertise that will enable Universal to pursue the new direction that the Company has chosen. Further details of the Asset Purchase Agreement and the hiring of the individuals will be announced at a later date. 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 of 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. (C) 2000 PR Newswire. All rights reserved. prnewswire.com -0- CONTACT: Investor Relations, 212-736-1400, ext. 33; or H. Smith of Smarter Pr Inc., 908-351-7746, for Universal Media Holdings, Inc. (UVTF) GEOGRAPHY: New York New Jersey INDUSTRY CODE: MLM REA SUBJECT CODE: PER LIC OTC * end of story *