Universal Property Development Corporation (fka UPDV)

[hoerud]

Continental Fuels Delivers Over 15,000 Barrels of Light Crude Condensate - Takes Control of Newly Acquired Subsidiaries
Continental Fuels, Inc. (OTCBB: CFUL) has assumed control of the US Petroleum Depot, Inc. facilities it acquired from Universal Property Development and Acquisition Corporation (OTCBB:UPDA)(FWB:UP1)(BCN:UP1)(GER:UP1)(MUN:UP1)(STU:UP1) and made delivery of over 15,000 barrels of light crude condensate this week from the Port of Brownsville, Texas (www.portofbrownsville.com).

This delivery is in addition to the 20,000 barrel sale completed prior to the close of the transaction and represents a continuation of the contracts negotiated by the Continental Trading subsidiary which was also acquired from UPDA. Under the management of Continental, expansion of these deliveries is anticipated as additional supplies of international condensate are developed.

For further information, see www.continentalfuels.com.

Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.

Continental Fuels
Josh Crescenzi, 713-821-1620
Director Corporate Communications
[e-mail]



Source: Business Wire (April 25, 2007 - 6:29 AM EDT)

http://app.quotemedia.com/quotetools/popups/story.jsp