IRVINE, Calif., Dec. 30, 2010 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc. (Pink Sheets:UBRG), a publicly traded alternative energy company, announced it is planning more acquisitions, as a major part of its growth and expansion plans for 2011. Several of its key executives and its acquisition team are in direct talks and negotiations with executives of several companies that it believes would a be strategic fit in the natural gas and wind energy sector.
With the expansion into natural gas by the acquisition of NDR Energy Group, this was a major financial benefit to Universal, and its shareholders, bringing millions of dollars in revenues. Now the company is planning for even more aggressive growth in 2011, to create more revenues for the company.
Universal's President, Vince Guest states, "Because of all of our activities, Universal has been in the forefront of the national news media this year, so that we're on the radar screen of many companies that are bringing a lot of potential acquisition projects directly to us. Right now we're looking at acquiring natural gas assets and properties in the Eagle Ford Shale region in south Texas, which has huge supplies of oil and natural gas. This will work very well with our strategic plans for Texas Gulf Oil & Gas Inc., and ProGas Energy Services. We're also in discussions with a company, with a radical new frictionless wind energy technology, that improves wind energy capacity by as much as 80%, that we believe will totally revolutionize the industry. And we're also still looking at pursuing algae based biofuels and other green energy technology products to bring to market."
"The NDR Energy Group acquisition, and the move into natural gas was a very good move for us. We'll be planning our next strategic business summit very soon, and we expect more major developments to happen, as we take advantage of trends emerging in the global marketplace. Management believes that our stock is undervalued, and we have major plans to make improving shareholder value a major priority in 2011. Believe me, we're really just getting started," says Universal's Sr. V.P., Solomon Ali.
About The Company
Universal Bioenergy Inc. is an alternative energy company, that markets natural gas and green alternative energy, and is expanding into solar, biofuels, wind, synthetic fuels and related clean energy technology products. It plans to build the company into a prominent player in alternative energy.
Safe Harbor Statement - There are matters discussed in this media information that are forward looking statements within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. Such statements are only forecasts and actual events or results may differ materially from those discussed. For a discussion of important factors which could cause actual results to differ from the forward looking statements, refer to Universal Bioenergy Inc.'s most recent annual report and accounts and other SEC filings. The company undertakes no obligation to update publicly, or revise, forward looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.
CONTACT: Universal Bioenergy Inc. Vince Guest (888) 263-2009 Fax: (866) 377-2138