Universal Bioenergy (PINK:UBRG)

IRVINE, Calif., Jan. 26, 2012 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCMarkets:UBRG), a publicly traded independent diversified energy company, announced today that it is planning to conduct a live conference call with its shareholders to discuss its potential plans to up-list to NASDAQ and recent business developments. 

The company recently announced that its executives completed their trip to New York City and met with several Wall Street investment banking and advisory firms to assist with its potential plans to move to NASDAQ and related issues.

The conference call will focus on plans to up-list to NASDAQ, strategies to increase the Company's stock price to qualify for NASDAQ, improving the Company's capital structure, increasing its market value, a secondary public offering, raising additional capital and other benefits to shareholders. The scheduled date, time and related information for the conference call is being arranged and will be announced in a news release in the near future.

"We're very excited about providing our shareholders with an update on our progress and our plans for the future growth of the Company. When we say we are trying to increase shareholder value, we're not merely giving that lip service. We truly are making plans to increase the value of the Company, our stock price and maximize the wealth of our shareholders," says Universal's Senior Vice President Solomon Ali.

Universal Bioenergy Signs Multi-Million Dollar Biofuels Contract.

Under the terms of the agreement MIPCO will have a biodiesel fuel production arrangement and lease of Universal Bioenergy's biodiesel fuel refinery in Nettleton, Mississippi to produce and distribute biodiesel fuel to the Southeast, Midwest and Gulf Coast regions of the United States.

• The estimated gross revenue to be generated from the fuel sales to the end user is $30 million.
• The gross operating profit to Universal Bioenergy is estimated at $3 million,
• with a net profit of $2.4 million per year, since the company will incur no operating costs other than general and administrative expenses.
• Universal Bioenergy is currently debt free and
•  the current market value of its refinery plant at full operation is estimated at $13+ million.

The GeoTeam has estimated that this news equates to:

• $0.08 in EPS, using shares outstanding of 30.3 million outstanding we located on     PINKSHEETS.com. 21.5
• $0.11 in EPS using shares outstanding of 21.5 million outstanding we located on Universal Bioenergy 's  website.

Please be advised that Universal Bioenergy is a pink sheet stock and we have  not verified any aspect of the company's operations.

Source: GlobeNewswire (August 25, 2009)