updated 4/13/2011 1:47:43 PM ET 2011-04-13T17:47:43

IRVINE, Calif., April 13, 2011 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc. (Pink Sheets:UBRG), a publicly traded energy company, signed an agreement to retain the services of International Monetary ("IM"), based in Newport Beach, California, as its investment banking consulting firm. "IM" will also provide strategic advisory services, proprietary investor relations services (IR), financial solutions, and advise the Company's management on other strategic decisions.

International Monetary is one of the premier investment banking consulting firms in the United States, catering specifically to small capitalization public companies. With its team of professionals serving its corporate clients, IM has the experience and resources to quickly facilitate and provide powerful IR & PR services, equity & debt sources, and bring a substantial knowledgebase to the table for strategic decision making.

"We are pleased to be associated with International Monetary. IM has a direct connection to the investment community, which will help us quickly move forward with our strategy for growth, accessing the capital markets, and mergers and acquisitions," said Solomon Ali, Senior V.P. of Universal. "Their vast experience will aid in our overall market support, which is where we have a great need for some solid professional help as we propel the Company forward. They will also identify sources of capital, advise on corporate planning, and guidance and assistance in maximizing shareholder value."

MB Riley, Managing Director of IM, states, "Universal Bioenergy provides a great platform for dynamic product and service offerings in the energy Sector, that positions the Company for significant growth. The target market for energy products broadens each day in the U.S. and around the world."

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

About International Monetary

Founded in 1997, IM recognized a need to provide Investment Banking Services with the speed and precision that is required in the new internet and technology economy. IM focuses on turn around situations and rapidly growing small companies, specializing in debt/equity financing of under $1 billion. IM is lead by a team of Managing Directors that provides a number of strategic advisory services including: structuring financing and providing capital resources, M&A, International Licensing/Commercialization, Retail Product/Service Distribution, Advertising & Marketing, and Shareholder Enhancement Services. To find out more about IM, go to:  www.intlmonetary.com

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: International Monetary
         MB Riley
         620 Newport Center Dr, Ste 1100
         Newport Beach, CA, 92660
         Office: (949) 200-4601
         Fax: (949) 334-4601
         br@intlmonetary.com
         
         Media Relations:
         Solomon Ali
         704-873-5705

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