PALM COAST, Fla., Dec. 14, 2009 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc. (Pink Sheets:UBRG), a company focused on the development and production of alternative energy and green technologies, announced today that it has planned an Executive Business Summit Conference to restructure the company and develop its new long-term business model and strategy to take advantage of emerging global energy market opportunities.
The six-day Executive Summit will be held in Las Vegas, Nevada, from December 14 through 19. The Summit will feature a series of highly focused intensive meetings, planning sessions, and roundtable discussions, covering Universal's corporate finance, capital structure, marketing, new business development, management, operations, mergers & acquisitions, and potential listing on another larger stock exchange.
"The Summit will give us six full days to focus on the very core of the company and lay the groundwork and foundation for the new Universal Bioenergy. All of the old management is now gone. The new management team will be there, along with our new marketing/sales team, and some key outside corporate consultants. We're no longer just about biofuels alone. We intend to be a vertically integrated company and make a major structural shift to focus on developing and marketing other higher profit, value-added products and proprietary technologies," says Dr. Richard Craven, its CEO.
Solomon Ali, their Senior V.P. of Investor Relations, stated, "We plan to be very aggressive and respond to the current changes and future trends in the global marketplace to achieve long-term business value for the company. We believe some very exciting concrete events will come on the heels of this Summit that will help ensure our profitability and create greater value for our shareholders."
About The Company
Universal Bioenergy Inc. is an alternative "Green Energy" company, and intends to create and market Biofuels, Wind, Solar, Synthetic Fuels and other related alternative energy products and technologies. It plans to build the company into a prominent player in alternative green energy industry.
For inquiries contact: Investor Relations at 888-263-2009
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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.