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Monday, 07/29/2002 2:53:11 PM

Monday, July 29, 2002 2:53:11 PM

Post# of 7
UMHI UNIVERSAL MEDIA HOLDINGS INC

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VOLUME(-): UMHI Volume 125% > 20-adsv, Stock -22.22%

FRIDAY , JULY 05, 2002 12:10 PM

This is the 2nd VOLUME alert for UMHI in the past 7 calendar days.

Trading for Universal Media Holdings Inc (OTCBB: UMHI) has been heavier than usual in today's session. By 12:10 ET, the stock had already traded 156,300 shares via 22 trades. The cumulative volume is 124.78% above than its 20-day average of 69,535. Normally the stock experiences around 13 individual trades per session.

So far, today's volume surge has caused a net decline in UMHI's stock price. At the time of this alert, the stock was trading at $0.070, down $-0.020 (-22.22%).

One year ago, the Company's shares closed at $0.360. The price has declined more than 80 percent since then.

Over the last 10 trading session UMHI has traded in a range between $0.070 and $0.600 and is currently trading 96.11% below its 52-week high of $1.800 set on December 19, 2001 and 0.00% above its 52-week low of $0.070 from July 03, 2002.

In the previous 3 sessions, UMHI trading has displayed a mixed trend. Closing results have been as follows:

July 03, 2002 --- closed at $0.090 down $0.070 (-43.75%) on 126,200 shares
July 02, 2002 --- closed at $0.160 down $0.040 (-20.00%) on 232,300 shares
July 01, 2002 --- closed at $0.200 up $0.040 (+25.00%) on 60,700 shares

The Company last released news on May 03, 2002:

"Universal Media Holdings Announces the Acquisition of Galaxy Telecom"

UNIVERSAL MEDIA HOLDINGS INC
Universal Media Holdings, Inc. has no operations and is seeking to acquire an operating entity.

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