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iVolution Medical Systems to Assist Healthcare Providers With Compliance of President Obama's Stimulus Plan
Date:3/3/2009

t will also add tremendous value to our portfolio."

Pursuant to its business plan as a Business Development Company, Universal intends to dividend shares of iVolution to Universal shareholders upon the effectiveness of iVolution's S-1 registration statement that iVolution expects to file with the Securities and Exchange Commission later this year.

About Universal Capital Management, Inc.:

Universal Capital Management, Inc., is a publicly traded Business Development Company created under the Investment Act of 1940. Its purpose is to assist its portfolio companies with funding and management to facilitate growth and increase their value. Please refer to the company's website at http://www.unicapman.com .

Forward-looking Statements:

Certain matters discussed in this press release are "forward-looking statements." These forward-looking statements can generally be identified as such because the context of the statement will include words, such as Universal Capital Management, Inc., or iVolution "expects," "should," "believes," "anticipates" or words of similar import. Similarly, statements that describe UCM's or iVolution's future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, including the financial performance of UCM or iVolution as appropriate, and the valuation of UCM's investment portfolio, which could cause actual results to differ materially from those currently anticipated. Although UCM and iVolution believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, they cannot give any assurance that their expectations will be attained. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating any forward-looking statements. Cert
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SOURCE Universal Capital Management, Inc.
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