Universal Capital Management, Inc. cancelled the acquisition of DAVI SmartKart ProShield from Seitz Technical Products, Inc.
March 20, 2013 at 12:00 am EDT
Share
Universal Capital Management, Inc. (OTCPK:UCMT) signed a letter of intent to acquire DAVI SmartKart ProShield from Seitz Technical Products, Inc. on March 20, 2012. Under the terms of the letter of intent, the ProShield assets will be transferred to a newly created wholly owned subsidiary of Universal Capital Management. The new subsidiary will serve as Universal's Medical Division. The management team of the subsidiary will include John Seitz who founded ProShield. The final terms of a definitive agreement, including pricing, remain subject to negotiation and execution. The transaction which is subject to various conditions is expected to close within the next 90 days.
Universal Capital Management, Inc. (OTCPK:UCMT) cancelled the acquisition of DAVI SmartKart ProShield from Seitz Technical Products, Inc. on March 20, 2013.
Major League Football, Inc. intends to establish, develop, and operate Major League Football (MLFB) as a professional spring/summer football League. The Company has four initial franchises located in cities overlooked in large part by existing professional sports leagues and provides fans with quality players and competition in the NFL's off-season. Its teams are located in Ohio, Virginia, Arkansas and Alabama. The Company primarily intends to operate the league as a single entity owned, stand alone, independent sports league. MLFB plans to serve as a pipeline to develop players, coaches, officials, scouts, trainers, and all other areas of the game that the NFL needs. MLFB intends to underscore the fan's access to team members, coaches, league officials and other fans. MLFB also intends to develop an Internet and mobile strategy, which includes developing a mobile initiative, where fans can interact with the league, its players, its coaches, and other fans using their mobile phones.
MAJOR LEAGUE FOOTBALL, INC. 
