UVSL Universal Automotive Industries - Common Stock (MM)

Universal Automotive Industries Engages Elite Financial Communications Group as Investor Relations Counsel Company To Launch Comprehensive Market Awareness Campaign Immediately ALSIP, Ill., Jan. 20 /PRNewswire-FirstCall/ -- Universal Automotive Industries, Inc. (NASDAQ:UVSL) today announced that it has engaged Elite Financial Communications Group, LLC as its Investor Relations counsel. Elite Financial Communications Group is a respected financial communications, investor relations and strategic resourcing firm, headquartered in Lake Mary, Florida. Elite will work closely with the Universal Automotive executive management team to increase visibility and market support within the investor community. In addition, Elite will assist with the development of a comprehensive corporate message, reflecting management's strategic vision, operational and financial performance and ongoing business expertise. The result will be a fully integrated communications program. Dodi Handy, President and CEO of Elite, stated, "Despite being noted as one of the Nation's fastest growing manufacturers/distributors of automotive brake parts for the $2.3 billion automotive brake part aftermarket, Universal Automotive has remained largely overlooked by the Wall Street community. Considering the Company boasts a portfolio of widely recognized and respected brands and premium products, and is executing sound strategies for improving margins, Universal Automotive may offer savvy investors a unique opportunity to capitalize on a truly compelling, high growth situation." About Universal Automotive Industries, Inc. Universal Automotive Industries distributes and manufactures brake rotors and other brake parts, under its trademarks UBP - Universal Brake Parts, Evolution and Ultimate in the United States and Canada and its proprietary Autospecialty, ValuMaxx and PowerStop brands. The Company also provides TRW-branded brake rotors and drums and suspension products. This news release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 as amended, which are intended to be covered by safe harbors created thereby. Such forward-looking statements, including the risks referenced in the Company's filings with the Securities & Exchange Commission, and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements, may vary from the actual results achieved by the Company. DATASOURCE: Universal Automotive Industries, Inc. CONTACT: Investor Relations - Kerri Carothers, Account Executive, Elite Financial Communications Group, LLC, +1-407-585-1080, , for Universal Automotive Industries, Inc.

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