UVSL Universal Automotive Industries - Common Stock (MM)

Universal Automotive Announces Delisting Notice ALSIP, Ill., April 20 /PRNewswire-FirstCall/ -- Universal Automotive Industries, Inc. (NASDAQ:UVSL) today announced that it has received a letter dated April 19, 2005 from the Nasdaq Stock Market, Inc. advising that due to failure to file its Form 10-K on a timely basis the character "e" will be appended to the trading symbol for the Company's securities (UVSLE) at the opening of business on April 21, 2005. It further advises that the Company's securities will be delisted from The Nasdaq Stock Market at the opening of business on April 28, 2005, unless the Company requests a hearing in accordance with the Nasdaq Rules. The Company does not presently intend to appeal the delisting of its securities. 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 the risk that delisting of the Company's common stock will impair the liquidity of investment in the Company. DATASOURCE: Universal Automotive Industries, Inc. CONTACT: Robert W. Zimmer of Universal Automotive Industries, Inc., +1-708-293-4050 ext. 227 Web site: http://www.universalbrake.com/ Company News On-Call: http://www.prnewswire.com/comp/133263.html

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