UMC, Inc. Announces Changes to Its Board of Directors and the Appointment of a Permanent C.E.O.

PAMPA, Texas, April 11  /PRNewswire-FirstCall/ -- UMC, Inc. (Pink Sheets: UMCN) and its Board of Directors accepted the immediate resignation of Peter W. Seaman, as its Chairman, during its board meeting held March 29, 2008.  Mr. Seaman resigned to pursue other interests. The Board thanked Mr. Seaman for his 16 years of leadership and service and offered UMC's assistance to him should it be necessary.

Danniel E. Stevens was elected to succeed Mr. Seaman as UMC's Board Chairman and was also appointed to serve as the Company's permanent Chief Executive Officer.  Mr. Stevens served as the Company's Interim Chief Executive Officer beginning March 2007 and was elected to the Board of Directors on November 2, 2007.  Mr. Stevens is also the Chief Executive Officer of Stevens Financial Group, L.L.C. (SFG), an Illinois-based privately-held financial services and investment holding company.  SFG is UMC's largest and controlling shareholder.

In addition, the Company announced the election of Robert E. Clouse to its Board of Directors.  Mr. Clouse is an experienced corporate banker and management advisor with over 12 years of industry experience and is currently Vice President and Western Region Manager of a specialized lending group of Comerica Bank. He possesses extensive banking, finance, and international trade expertise having worked across a broad range of industries assisting commercial and corporate clients grow and manage their businesses.  Prior to joining Comerica Bank, Mr. Clouse held positions with such industry and regional giants as Citibank, First Bank & Trust, Wells Fargo Bank, and ING Pilgrim Capital Corporation.

About UMC, Inc.

UMC, Inc., through its affiliates, provides outsourced accounts receivable management and related services to the healthcare, retail, and financial services industries.  The company also engages in the purchase and collection of non-performing medical, retail and bank card account balances.  For more information, visit http://www.umcinc.com/.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements involve known and unknown risks that may cause UMC, Inc.'s performance to differ materially.  Such risks include, without limitation: changes in trends in the financial services industry; our ability to compete successfully with competitors in the market; our ability to maintain client contracts or to enter into new contracts; uncertainties related to future incentive payments; and, our ability to operate successfully in new lines of business. 

DATASOURCE: UMC, Inc.



CONTACT:  Danniel Stevens, Chief Executive Officer of UMC, Inc.,

[phone]



Web site:  http://www.umcinc.com/ 

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