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Universal Communication Agrees to Financing - Reports Rapid Growth

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August 29th, 2005
 

Universal Communication Systems, Inc. (OTC BB: UCSY), a company with operations in solar cell based products and producer of the air-to-water conversion machine, a device that converts air to drinking water, has reported that it has agreed to terms for new financing in the order of $750,000. With the announcement, the company’s CEO reported that the company was now growing rapidly and has plans for $3.5 million in new financing, "The Company and its subsidiaries are now growing rapidly and progressing on many fronts. Our new business plan calls for about $3.5 million in new financing, and this first tranche of funding from Alpha Capital Aktiengesellschaft gives us the ability to move forward and to continue to execute our global plans. We are pleased to see the confidence and goodwill shown us by our finance associates." Said Mr. Michael Zwebner, the CEO of Universal Communications.

 
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