Universal Capital Management Pleased by Lightwave Logic's Increasing Progress

Reported by marketwire on Wednesday, 14 October 2009 (on October 14, 2009)

WILMINGTON, DE--(Marketwire - October 13, 2009) - Universal Capital Management, Inc. (OTCBB: UCMT), a Wilmington, Delaware business development company that provides
management and strategic growth resources to emerging growth companies, is
pleased to see even more positive movement being made with one of its
portfolio companies, Lightwave Logic, Inc.

In January 2008 Equities Magazine published an article titled "Making
Optical Computing a Reality" featuring then Lightwave Logic CEO, Harold
Bennett, who explained the impact Lightwave's technology would have on the
optical computing world.
(http://www.equitiesmagazine.com/companies_third_order_nanotechnologies.php.) When commenting on the limitations of bandwidth speed imposed by
conventional modulators, Bennett stated, "The incumbent technology, lithium
niobate, is ru

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