IRVINE, Calif., Feb. 8, 2011 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc. (Pink Sheets:UBRG), a natural and alternative energy company, announced today that it has started the application process to have its Company's stock listed on the Frankfurt Stock Exchange in Frankfurt, Germany. Subject to final approval of the application, Universal Bioenergy anticipates it would begin trading its common stock on the Frankfurt Stock Exchange early this year.
The Frankfurt Stock Exchange is owned and operated by the Deutsche Borse Group, and is one of largest trading exchanges for securities 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. Deutsche Borse Group also owns the international central securities depository company Clearstream, and with SIX Swiss Exchange, owns the European futures exchange Eurex. The Frankfurt Stock Exchange is home to public companies from over 80 different countries with almost 40% from North America.
"We're very excited about our application to be listed on one of the largest stock markets in the world. Many other Alternative Energy and Green Tech companies are listed on the Frankfurt Stock Exchange. This will give us greater exposure on an international level to more than 250 international trading institutions, 4500 traders, many German investment bankers, broker dealers and investment advisors. It should also expand our ability to raise capital for acquisitions through a larger pool of investors, increase our trading volume and liquidity, and enhance our reputation in the global marketplace. Although we cannot guarantee final approval for the exchange listing, we believe this is a very positive step, that will bring more value to our Company and our shareholders," says Universal's Vice President Solomon Ali.
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, 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.
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