Universal Bioenergy Inc. (fka UBRG)

[rodster73]

News for 'UBRG' - (Universal Bioenergy Announces Record-Setting Revenues of $41.29 Million for 2010)


IRVINE, Calif., Mar 11, 2011 (GlobeNewswire via COMTEX) -- Universal Bioenergy
(Pink Sheets:UBRG), a publicly traded energy company, announced today, that it
has set a new all time record in sales revenue of $41,292,201, for the year
ending December 31, 2010. These revenues are preliminary and unaudited. The
Company anticipates the formal audit of their financial records, will be
completed soon, and the full details of its financial results will be reported
in its Form 10K Annual Report, to be filed with the SEC.

The $41,292,201 in revenues were generated in only 8 1/2 months, from the close
of the acquisition of NDR Energy Group, on April 12, 2010, through December 31,
2010. The Company's current management team has created significant value for
the Company, and generated $41,292,201 in revenues, when previously the Company
produced no revenues in the prior 2 to 3 years.

"We are very pleased with the phenomenal and rapid progress we've made this past
year. This is exactly what we have been telling our shareholders that we were
going to do. This is a fine testament to our creative management team, and our
new strategic direction," says Vince M. Guest, Universal's President and CEO.
"This performance by the Company is especially significant, given the fact that
we're in the worst recession in U.S. history. However, there's still a lot more
exciting and challenging work ahead of us. We feel very confident in our ability
to grow the Company, through more natural gas sales, oil, strategic
acquisitions, and generate higher revenues and earnings. We believe we're on
track in 2011 to really out perform what we accomplished in 2010. When we
execute our full marketing strategy in association with NDR Energy Group, and
Texas Gulf Oil & Gas, we feel we could potentially build a billion dollar
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.