IRVINE, Calif., Nov. 26, 2012 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCMarkets:UBRG.PK), a publicly traded independent diversified energy company, that markets and distributes natural gas, propane and coal, announced major new initiatives and actions developed to significantly increase short and long-term investor returns and shareholder value. The Company is positioning itself to increase its presence in the energy industry throughout the U.S., and intends to establish an international market presence through energy development projects, and the export of its energy products to other countries in Europe, Asia and Africa.
On October 23, 2012, the Company announced that it had received full "DTC Eligibility", from the Depository Trust Company, and has full electronic trading of its stock. Now the Company has planned to take some major actions to generate additional revenues, earnings, reduce debt and correspondingly increase the price of its stock and market value.
Some of the Company's major strategic initiatives and actions include,
1. Aggressively pursuing generating positive earnings and increasing its market value
2. Creating greater "brand awareness" and interest in Universal in the investment marketplace
3. Creating a greater interest and demand for its stock, increasing its trading volume and liquidity
4. Building stronger business fundamentals, generating higher revenues and margins
5. New profit centers in gas power generation, thermal coal, refined energy products and electric power
6. Growth and expansion through more strategic acquisitions in the energy and related industries
7. Continue to improve its Balance Sheet by reducing debt, increasing assets and improving cash flow
8. Positioning Universal to be listed on a major stock exchange such as NASDAQ, NYSE/Amex Equities
Vince M. Guest, Universal's President says, "We have managed to grow a solid business, with $71.74 million in revenues in 2011, and have enjoyed double digit increases in revenues of over 50% each year. We anticipate sustained growth at a very rapid rate, by taking advantage of the growing opportunities in the energy market, expanding our customer base, and greater expansion into sales of propane, natural gas power generation, thermal coal, oil, refined energy products and electric power. We believe the Company can achieve improved returns on invested capital, higher operating margins, and that profitability should be forthcoming in the upcoming quarters. We believe our stock is greatly under-valued, and the true price based on the future expected returns to our shareholders has not yet been fully reflected in the stock price. Now, our focus over the coming months will be directed first and foremost to increasing investor returns and maximizing shareholder value. By implementing these initiatives, we feel this should have a very positive effect on our stock price and increase our market value."
About Universal Bioenergy Inc.
Founded in 2004, Universal Bioenergy Inc., is a publicly traded independent diversified energy company that produces and markets natural gas, petroleum, coal and propane. We market energy resources to the largest public utilities, electric power producers and local gas distribution companies in the U.S., that serve millions of commercial, industrial and residential customers. We are also engaged in the acquisition and development of existing or recently discovered oil and gas fields, leases and surface coal mines. For more information visit www.universalbioenergy.com
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: For inquiries contact: Media Relations: Solomon Ali at 704-837-5705
Source:Universal Bioenergy Inc.