WILMINGTON, Del., Sept. 19, 2012 /PRNewswire/ -- Universal Capital Management, Inc. (UCMT) announces the following: NB Regeneration announced today that it had retained The Americas Group, to assist the Company in various capacities relative to the development of its proposed nitrogen fertilizer facility to be located in the Republic of Panama. The Americas Group's advisory services in Latin America will include government relations, sales and marketing, joint ventures and strategic relationships both in the U.S. and Latin America and various other advisory services.
Universal Capital Management, Inc. (UCMT) had previously announced that it had entered into a Memorandum of Understanding (MOU) to purchase up to 43% of NB Regeneration, Inc. NB Regeneration is in the process of developing a nitrogen fertilizer facility to be located in the Republic of Panama that will be capable of producing up to 4,000 MT of granulated urea daily.
"We are very excited to be involved in this significant project," stated Howard M. Glicken, Chairman & CEO of The Americas Group. "We believe that our extensive experience in the region will be an important and valuable resource for NB Regeneration."
Michael Queen, CEO of Universal Capital Management stated, "The announcement last week by Orascom Construction Industries, of its intent to build a $1.4 billion urea plant in Iowa (WSJ On-line Article) is further indication of our belief that the demand for urea will continue to increase for the foreseeable future." Orascom is a construction and fertilizer company in Egypt with sales exceeding U.S. $6 billion and one of Egypt's largest companies.
About Universal Capital Management, Inc. Universal Capital Management has been actively involved in direct response management and marketing services that it provides to its clients or its specifically owned businesses. The Company provides management services and assists and enables entrepreneurs to introduce products to the consumer, wholesale, retail, or global markets.
About The Americas Group
The Americas Group ("TAG") is a consulting, marketing and merchant banking firm focusing its activities on Latin America, Mexico and the Caribbean. The Company develops Latin American market entry strategies for U.S. Companies and United States market entry strategies for Latin American Companies, and then assists them in executing the strategies through a variety of business arrangements. http://www.theamericasgroup.net
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