Universal Energy Corp (UVSE)

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Universal Energy Corp. Announces Earnings of $0.02 Per Basic Share, $0.01 Per Diluted Share for First Quarter of 2008Last update: 5/15/2008 7:30:00 AMHOUSTON, May 15, 2008 /PRNewswire-FirstCall via COMTEX/

- Universal Energy Corp. (OTC Bulletin Board: UVSE - News), today, announced earnings of $0.6 million, or $0.02 per basic share and $0.01 per diluted share for the first quarter of 2008. Dyron Watford, CFO of Universal Energy Corp. stated "I am extremely proud of the results we achieved in the first quarter of 2008.

Universal has made important strides in its operations and we believe that improvement will continue throughout the year." The company has rescheduled its conference call and the release of its quarterly report on Form 10Q-SB until May 20, 2008, to allow for all members of the management team to be on the conference call.

Currently, management is presenting the company at the Money Show Las Vegas. The rescheduled date for the conference call will be May 21, 2008 at 8:30 a.m. Stockholders, brokers, analysts and all interested parties are invited to participate in the Universal Energy Corp. conference call.

Callers in the United States and Canada can dial [phone] (alternate dial-in number is [phone]. The conference i.d. for all callers is 801094.

Universal Energy Corp. is an energy company engaged in the acquisition and development of crude oil and natural gas leases in the United States. We pursue oil and gas prospects in partnership with oil and gas companies with exploration, development and production expertise. Our prospect areas consist of lands in Louisiana and Texas. Visit for more details. Forward Looking Statements -- The information contained herein regarding risks and uncertainties, which may differ materially from those set forth in these statements, in addition to the economic, competitive, governmental, technological and other factors, constitutes a "forward-looking statement" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995 and is subject to the safe harbors created thereby. While the company believes that the assumptions underlying such forward-looking information are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking information will prove to be accurate. Accordingly, there may be differences between the actual results and the predicted results, and actual results may be materially higher or lower than those indicated in the forward-looking information contained herein.


CONTACT: Universal Energy Corp. Billy Raley, CEO, [phone] [e-mail] Universal Energy Corp.