IRVINE, Calif., Jan. 11, 2012 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc. (OTCBB:UBRG), a publicly traded independent diversified energy company, announced today that its President and Chief Executive Officer, Vince M. Guest issued a Letter To Shareholders that covers an update on issues concerning the Company's operations, its stock price, issues regarding the DTC and future outlook of the Company. The full and complete text of the Letter to Shareholders can be read in the Form 8K filed with the SEC on January 11, 2012.
Universal Bioenergy is a high growth company that is growing at double digit rates, that generated over $49.9 million in revenues for the nine months ended September 30, 2011. Through its subsidiary, NDR Energy Group, it sells natural gas to 28 of the largest public utilities, electric power producers and local gas distribution companies that serve millions of commercial, industrial and residential customers throughout the country. On December 7, 2011, the Company announced its expansion into the coal energy market with the signing of an agreement with Whitesburg Friday Branch Mine in a deal valued at an estimated $264 million over five years.
Universal's President Vince M. Guest states, "This Letter is very important, as it addresses some critical issues and concerns that have been on the minds of our shareholders for some time. It addresses our stock price, its volume, liquidity and issues with the DTC regarding our stock. We want our shareholders to have the correct information so they are fully informed. I want to assure all of our shareholders that we are deeply concerned about your interests as our fellow shareholders. We are constantly looking for new ways to create more value for our shareholders and investors. We believe the true measure of our success will ultimately be the value we create for our shareholders over the long term, by building a strong operating company, which should cause our stock price to rise and our market capitalization value to grow to the benefit of all of our shareholders."
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
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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.