Universal Bioenergy Announces it Retains Standard & Poor's

/ Source: GlobeNewswire

IRVINE, Calif., March 31, 2011 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc. (Pink Sheets:UBRG), a publicly traded energy company, announced that it has signed an agreement to retain the services of Standard & Poor's Financial Services LLC, based in New York. S&P will provide "third party," high value base level equity research, analyst commentary, and market coverage of Universal Bioenergy throughout North America. S&P will provide coverage of the Company through various reports, global online platforms, and its Factual Stock Report, that will be distributed to an estimated 85,000 brokers and financial consultants, scores of global institutional fund managers, and over 24 million self directed online individual investors.

Standard & Poor's is known to investors worldwide as a leader of financial market intelligence, and its independent equity research business is among the world's leading providers of independent investment information, offering fundamental coverage on approximately 2,000 stocks. The S&P Global 1200 covers approximately 30 markets constituting approximately 70% of global market capitalization. Approximately $1.1 trillion in investment assets is directly tied to S&P indexes, and more than $3.5 trillion is benchmarked to the S&P 500 – more than any other index in the world.

Solomon Ali, Universal's Vice President, says, "We're very excited about engaging the services of Standard and Poor's, one of the most recognized financial brands in the world. This will maximize our Company's profile and visibility, by raising our awareness, and positioning us directly before major institutional investors, hundreds of thousands of financial professionals, compliance officers, fund managers, research analysts, and over 24 million individual investors. We believe, this move, may enable many of these to recommend our stock to a great many investors, and increase our stocks liquidity and trading volume, to the benefit of our shareholders."

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

- 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