Universal Media Holdings, Inc. Announces Consolidation of Capital Stock

Universal Media Holdings Inc. (OTC: UMHG) today announced that a 300 for 1 reverse split of the outstanding common stock of the company has been approved and implemented by the board of directors.

The consolidation of the capital stock of the company and the trading of shares on a split-adjusted basis will be effective today, under the new trading symbol UMHG.

The re-structuring of the common stock of the company is in preparation of the completion of the acquisition of Lyric Jeans, Inc, the details of which are expected to be announced soon.

About Lyric Jeans, Inc.:

Lyric Jeans Inc, a Florida corporation, is the innovator and manufacturer of high-end denim wear characterized by a unique design that incorporates the printing of the lyrics and titles of significant and memorable hit songs directly onto the surface of denim jeans and clothing accessories.

Through this unique fusion of fashion and music, the company plans to enter into agreements with music publishing companies and recording artists to obtain licenses for hit songs, which will be used on their exclusive line of clothing. The company will use the lyrics and titles from all genres of music, appealing to a cross-section of various tastes and interests, thereby enabling it to market its products on a worldwide platform.

The royalty sharing mechanism to be employed by the company will be the first of its kind, allowing the company to share its success with hit artists, songwriters and publishers.

The company's strength is in its relationships with the music industry and its ability to access the Hollywood community, tastemakers and trend-setters. Through innovative marketing, the company intends to associate stars and celebrities with its brand.

Lyric Jeans will have showrooms in South Beach, Florida and Los Angeles, California.

For more information about Lyric Jeans please contact us directly at: Publicity@LyricJeans.com

About Universal Media Holdings, Inc.

Universal Broadcast Network, Inc.'s principal business is the construction, development, management, and operation of a low-power television (LPTV) broadcast network. UBN has secured its network distribution potential through the acquisition of FCC governed LPTV licenses and construction permits. Exclusive permits issued by the government allow UBN to construct a broadcast television network. UBN's current programming affiliation opportunities include The Men's Channel, Healthy Living, Beauty & Fashion, I-Shop Home Shopping, and Alma Television.

Included in this release are certain "forward-looking" statements, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding Universal Media Holdings, Inc. or Lyric Jeans Inc. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending, Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Lyric Jeans Inc. and Universal Media Holdings, Inc. do not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.

Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.

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