updated 3/7/2011 6:15:42 AM ET 2011-03-07T11:15:42

IRVINE, Calif., March 7, 2011 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc. (Pink Sheets:UBRG), a publicly traded energy company, announced that it has engaged the services of Small Cap Consulting GmbH, based in Travemunde, Germany as their lead business consultant and advisor in Europe. Small Cap Consulting GmbH will provide strategic direction, and coordinate the process to help Universal obtain final approval for listing on the Frankfurt Stock Exchange, in Frankfurt, Germany. Small Cap Consulting, will also provide Universal with advisory services in the areas of investor relations, financial communications, media relations, and mergers and acquisitions for the European financial market place.

The Frankfurt Stock Exchange is one of the top ten stock exchanges in the world. It is the largest of Germany's seven stock exchanges, and is the home of the DAX "blue chip" stock market index. The Frankfurt Stock Exchange is home to public companies from over 80 different countries, with almost 40% from North America.

Solomon Ali, Universal's Vice President says, "We're very excited about our association with Small Cap Consulting, and Torsten Prochnow their Managing Director. They're very innovative, have a proven track record, and have an extensive knowledge of the European financial markets. Small Cap will spearhead and coordinate the entire process for the final approval for Universal to be listed on the Frankfurt Stock Exchange. We hope to have approval soon. They will also advise us regarding the European investment community, stock markets, investor relations, and related legal and regulatory matters. We look forward to a good relationship with them, as we expand our Company to the international financial markets. We feel this will be of great benefit for our long-term growth and to enhance shareholder value."

About The Company

Universal Bioenergy Inc. is an alternative energy company, and intends to create and market natural and alternative energy sources including natural gas, petroleum, solar, biofuels, wind, synthetic fuels and related energy technology products. It plans to build the company into a prominent player in alternative energy.

The Universal Bioenergy Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6784

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: Media Relations:
         Solomon Ali
         704-873-5705

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