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Thursday, 03/10/2011 3:25:23 PM

Thursday, March 10, 2011 3:25:23 PM

Post# of 304068
UBRG NEWS OUT!! Announces Record Revenue of $20.93 Million for Fourth Quarter 2010

IRVINE, Calif., Mar 10, 2011 (GlobeNewswire via COMTEX) -- Universal Bioenergy,
(UBRG), a publicly traded energy company, announced a new record in sales revenue
of $20,936,667, for the fourth quarter ending December 31, 2010. This is in
accordance with the Company's business strategy to build revenue first, then
consistent strong earnings. These revenues are preliminary and unaudited. The
Company intends to report the full details of its financial results in its Form
10K Annual Report, to be filed with the SEC.

As reported in the Company's Form 10Q for September 30, 2010, its revenues for
the three months ended September 30, 2010 were $6,388,639 as compared to $0 for
the same period in 2009. Revenues for the nine months ended September 30, 2010
were $20,355,534 as compared to $0 for the same period in 2009. The primary
revenues from this period were from the sale of natural gas.

Universal's President Vince M. Guest states, "This is a major achievement by
management, by demonstrating we can progressively generate these large increases
in revenues in greater measure over the previous years. In 2010, as we were
building our business, we were revenue oriented, and focused primarily on
generating substantial sales revenues first. We also wanted to build a strong
foundation with a solid, broad customer base, and gain a large share of the
market, in the shortest period of time. We believe we achieved that objective.
Our major goal for 2011, since we have built a solid customer base, is to become
more profit oriented, and focus on earnings. We feel this should have a very
positive impact on increasing the market value of our Company."

About The Company

Universal Bioenergy Inc. is an alternative energy company, and intends to create
and market natural and alternative energy sources including natural gas, solar,
biofuels, wind, synthetic fuels and related energy technology products. It plans
to build the company into a prominent player in alternative energy.

The Universal Bioenergy Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6784

Safe Harbor Statement - 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.

This news release was distributed by GlobeNewswire, http://www.globenewswire.com

SOURCE: Universal Bioenergy Inc.
CONTACT: Media Relations:
Solomon Ali
704-837-5705


(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
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