Universal Media Corporation (PINKSHEETS: UMED), a Texas corporation, announces that it has changed its name to UMED Holdings, Inc. and will keep its UMED trading symbol.
As a small public company that positioned itself for growth, UMED has been approached with multiple opportunities to acquire private companies that desire to be part of a public company. Management has determined that our name should be changed to be more closely associated with our future structure of owning and managing assets in multiple industries. Presently, we have acquired assets in the mining and energy industries, which have great demands in our present worldwide economy. Our latest addition is a licensing agreement with 1st Resource Group, Inc. for a technology (re-engineered by experts from a major university to be small-scale portable, modular Gas-to-Liquid (GTL) conversion units) that converts natural gas to clean Synthetic Fuels (diesel and jet fuel) to capitalize on the significant natural gas reserves in the United States and the rest of the world. The units will enable natural gas producers to achieve stronger financial performance through conversion of natural gas to clean Synthetic Fuels at significantly less cost per barrel than the cost of oil.
"UMED looks forward to having the opportunity of bringing companies in growth industries into our holding company and increasing our share price for our shareholders," says Randy Moseley, CEO of UMED.
About Universal Media Corporation.
UMED Holdings, Inc. (UMED), located in Fort Worth, Texas, is a holding company positioned to acquire assets and companies in the energy, precious metals, aerospace, media and social media business sectors of our economy.
More information will be reported during the coming months.
I may just take a position to see what happens over the next few weeks.
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