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Posted: December 11, 2007
Universal Capital Management, Inc. Reports on Third-Order Nanotechnologies, Inc. Form 8-K Filed on December 7
(Nanowerk News) Universal Capital Management, Inc. (BULLETIN BOARD: UCMT.OB), a publicly traded venture capital company that provides emerging growth companies with management and strategic resources for successful growth, is pleased to acknowledge the Form 8-K filed by Third-Order Nanotechnologies, Inc. (Pink Sheets: TDON.PK) on December 7, 2007, one of Universal Capital's largest and most exciting portfolio companies.
On December 7 2007, Third-Order Nanotechnologies, Inc. ("Third-Order"), participated in Equities Magazine's Winter Discovery Day Conference held at the IES Princeton Club of New York. This conference included emerging companies from a wide range of sectors who presented to an audience of brokers, hedge fund managers, portfolio managers and sophisticated private investors.
Hal Bennett, the Company's chief executive officer, provided an overview of the Company's business via a Power Point presentation, which is available on the Company's website at http://www.third-order.com/. Mr. Bennett presented the information contained in the Company's registration statements and quarterly reports that were filed with the Securities and Exchange Commission.
During this presentation, Mr. Bennett covered a sequence of potential Company products. He created a question around what the "killer" application of the Company's electro-optic polymers could be for photonics and compared it to what silicon did for electronics. The possible sequence he presented is: high speed modulators, moving to components for the all-optical internet, military optical computers, displays and then the "killer" application. Mr. Bennett presented market size estimates for the high speed modulators at $2.65B in 2014, the all-optical internet as growing to $30B per year and LCD's at a current $63B/year.
Additionally, TDON has recently filed its Form 10-QSB for the quarter ended September 30, 2007.
Commenting on Third-Order's 8-K, Michael Queen, President and CEO of Universal Capital said, "Third-Order Nanotechnologies is fortunate to have had the opportunity to present to such a prestigious gathering as EQUITIES Magazine Winter Discovery Day Conference. It is an excellent opportunity to explain Third-Order's potential."
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 http://www.unicapman.com/
The information contained in this press release may contain "forward- looking statements." You can identify these statements by use of the words "may", "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," "believe," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to the following which could affect Universal Capital Management, Inc. or one or more portfolio companies: general economic and business conditions, effects of continued geopolitical unrest, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patters, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control. The Company assumes no obligation to update publicly or revise any forward-looking statements.