Universal Property Development Corporation (fka UPDV)

[hoerud]

UPDA Subsidiaries Featured In Micro-Cap Review Magazine

NEW YORK, Dec 13, 2007 (BUSINESS WIRE) -- The two public subsidiaries of Universal Property Development and Acquisition Corporation (OTCBB:UPDA) (FWB:UP1), Heartland Oil and Gas Corp. (OTCBB:HTOG) and Continental Fuels Inc. (OTCBB:CFUL) (FWB:CIQB) are featured in the latest issue of Micro-Cap Review magazine (www.microcapreview.com).

"We are very proud to have been given this coverage in addition to the strong upgrade we received in the recent independent analyst report that was prepared by Bridge IR (http://bridgeir.com) this week," said Steven A. Fall, CEO of Heartland. "We have made significant accomplishments since taking over the management of Heartland and it is gratifying to have those accomplishments recognized."

Tim Brink, CEO of Continental, remarked that "the growth at Continental has been phenomenal and to be featured in a magazine such as Micro-Cap Review is very exciting."

For more information, visit www.heartlandoilandgas.com and www.continentalfuels.com

About UPDA

Universal Property Development and Acquisition Corporation (OTCBB:UPDA) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies. www.universalpropertydevelopment.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.

SOURCE: Universal Property Development and Acquisition Corporation

CONTACT: Universal Property Development and Acquisition
Corporation
Jack Baker (Investor Relations), 561-630-2977
[e-mail]


Copyright Business Wire 2007

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KEYWORD: United States
North America
Florida
New York
Texas
INDUSTRY KEYWORD: Energy
Oil/Gas
Other Energy

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