IRVINE, Calif., Dec. 5, 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 it has developed major plans to establish a greater presence in the energy industry, by building a stronger energy products and services brand with its current and growing customer base. The intent is to drive more growth, revenues and positive long-term earnings.
Universal's major objective is to be one of the top independent energy companies in the U.S. The Company intends to deliver greater value to its shareholders and investors by generating increasing revenues, producing solid earnings, and improving returns on invested capital, for the long-term growth of the Company.
Universal Bioenergy will be pursuing strategies to support its organic growth, and joint ventures and strategic partnerships with other major companies to further its rapid growth. Plans call for the Company to expand its efforts to establish a stronger brand in the marketplace with its current and growing customer base. This should result in unlocking the Company's full potential and establish higher value content in its product offerings, which will include natural gas, steam coal, propane, petroleum, refined energy products and electric power sales.
Solomon Ali, Universal's Senior Vice President says, "The Company will be engaging the services of one or more marketing firms to assist us in building greater brand awareness, establishing a stronger brand recognition through improved investor relations, capital market support, corporate communications and other media platforms in the in the marketplace. This should help further distinguish us from our competitors in terms of brand preference and loyalty. We are also considering changing the Company's name to reflect our current business model and our future growth as we continue to expand our marketing of natural gas, propane, petroleum, thermal coal refined energy products and electric power. The name has caused some confusion in the minds of potential shareholders, and investors because we no longer market and produce "green energy" products. We believe these strategies will help us to build a better brand, improve our image, attract more shareholders and investors, and more fully reflect the emphasis of our current and future business trends in the marketplace."
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.