IRVINE, Calif., July 6, 2012 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCMarkets:UBRG), a publicly traded independent diversified energy company, announced today that it is making final plans to conduct a live conference call with its shareholders and stakeholders to discuss its recent business developments, plans to up-list to NASDAQ and strategic plans for its future growth and expansion.
On January 26, 2012, the Company announced it was planning a conference call, however due to the activities to complete their SEC filings, closing the Whitesburg Friday Branch Mine acquisition, closing the gas storage contract, approval of the stock dividend and other major transactions, the call was postponed.
The call will be scheduled in the next one to two weeks, and all of the necessary arrangements are being to accommodate the shareholders. A final announcement will be made to the public in the next few days after all of the details are complete, that will provide the required information to access conference call line.
"We're very excited about the upcoming conference call. We'll be discussing some very important topics that will be of benefit to our shareholders. We have been very active in preparing to position the Company to qualify for the current listing requirements for NASDAQ. The Company has hired an additional securities law firm, to work with our current securities counsel, that specializes in assisting companies to prepare and complete the process to up-list to NASDAQ. We have also engaged the services of some other key consultants to assist us with some other major planned acquisitions. The scheduled date, time and related information to join in on the conference call will be announced in a news release next week", says Universal's Senior Vice President Solomon Ali.
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.