N@N

ubroadcast(R) Initiates 2010 Merger/Acquisition Strategy

^{Published on 2010-01-07 13:30:29 - Market Wire}
 

SAN DIEGO, CA--(Marketwire - January 7, 2010) - ubroadcast, inc. (OTCBB: [ UBCI ]), a leader in Internet Broadcasting, today announced that it has initiated an aggressive merger and acquisition strategy for 2010. After analyzing the current state of the capital markets and the national economic environment, the company determined that an aggressive posture towards acquisitions would likely provide numerous M&A opportunities that would, if completed, yield important business synergies. ubroadcast also indicated that a formal M&A committee would be formed and announced in the near future.

John Castiglione, ubroadcast's President, stated, "With what we believe is a firm foundation for success implemented thus far, we are aggressively preparing to build our company through acquisition, in addition to our internal growth plans." He continued, "We have found merger and acquisition activity to be a successful formula in the past for building a strong organization that provides value to the company, its customers and its shareholders."

UBCI encourages interested businesses and individuals to visit[ www.ubroadcast.com ] to get a free account and try its exciting new broadcasting platform.

About ubroadcast, inc.

UBCI's ubroadcast.com allows users to produce and broadcast LIVE and On Demand television and radio in high quality. By blending this user-generated content and UBCI's own original programming in a single application, UBCI bridges the gap between Internet video and traditional network radio and television.

Rolling Stone magazine, About.com, TechCrunch.com, and ABC News have all given ubroadcast media attention, and The San Diego Business Journal headline stated that the market for ubroadcast programs could be "Larger than MySpace and YouTube."

Please visit [ www.ubroadcast.com ] for more information, and follow us on Twitter:[ www.twitter.com/ubroadcast ]; Myspace: myspace.com/ubroadcast; and on Facebook.

Safe Harbor Statement

This press release contains statements that may constitute forward-looking statements, including the company's ability to complete a business acquisition. These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. For additional information about UBCI's future business and financial results, refer to UBCI's Annual Report on Form 10-K for the year ended December 31, 2008. UBCI undertakes no obligation to update any forward-looking statements that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise.