THIS IS TO REMIND ALL CONFUSED INVESTORS ABOUT THIS COMPANY:
National Stock Exchange Listing. With its planned growth by mergers, acquisitions and future revenues, Management is evaluating and positioning the Company to potentially qualify, and apply to be listed on a major national stock exchange, which stock exchanges list similarly situated alternative energy technology companies, such as NASDAQ, NYSE Amex Equities, or others.
Management has fully reviewed the qualifications for the relative national stock exchanges to determine which one we can best position the Company to qualify for, and apply to be listed. Therefore, on June 18, 2010 the Company approved amending the Articles of Incorporation to increase the amount of authorized shares of common stock from 200,000,000 to 1,000,000,000 shares with a par value of $.001. One of the qualifications requirements to be listed on most stock exchanges is a minimum bid price for a company’s shares of stock. The minimum share bid price to qualify for NASDAQ, is $4.00 per share, and for NYSE Amex, the minimum share price is $2.00 to $3.00 per share, depending on which initial listing standard a company may qualify for. For the Company to qualify for either of those to stock exchanges, our share price would have to increase to the $2.00 to $4.00 range. Management believes that, if we can successfully position the Company to qualify to meet the listing requirements for one of the stock exchanges, it would greatly increase the market value of the Company, and should make it attractive to more retail and institutional investors. We also feel this would be of great benefit to our shareholders.
Future Capital Funding. To ensure our ability to develop a long term profitable business, Management is planning to raise additional funds in debt or equity capital to fund the growth of our company. We anticipate using the proceeds to purchase some of the companies we have targeted for future acquisitions, and some for working capital. Management believes, although we cannot guarantee, that we should be successful in raising additional capital to fund the Company’s plans for growth and expansion.
Universal Bioenergy Inc. (Pink Sheets:UBRG), a publicly traded energy company, announced that its President and Chief Executive Officer, Vince M. Guest, issued the Company's 2010 Annual Letter to Shareholders, which covers an update on the Company's operations, finances and future outlook for its shareholders and the investment community. The full and complete text of the Annual Letter to Shareholders can be read in the Form 8K filed with the SEC on April 29, 2011.
In 2010, the current management team took Universal Bioenergy, a development stage company that in previous years had no revenue, limited operations, and very little volume and liquidity in its stock, turned it around and generated revenue in excess of $41 million in less than one year.
Vince M. Guest, Universal's President and CEO, states, "We felt we had a mandate from our shareholders to build a good, solid operating company. I am very proud to be able to say that we accomplished what we set out to do, and achieved some outstanding results on behalf of our shareholders. I really must commend our Senior V.P., Solomon Ali, and all those on our team who worked so creatively, and spent many countless hours performing thousands of tasks and activities to make this all possible for our shareholders. We believe our Company and its stock are greatly undervalued, and the current trading prices are not truly reflective of its real value, and the share price has great potential for increase. We feel very confident in our future and ability to grow the Company through more strategic acquisitions and to generate higher revenues and earnings. We believe we're on the right track to create another outstanding year for our shareholders."
UBRG announced that it has started the application process to have its Company’s stock listed on the Frankfurt Stock Exchange in Frankfurt, Germany. Subject to final approval of the application, Universal Bioenergy anticipates it would begin trading its common stock on the Frankfurt Stock Exchange early this year.
The Frankfort Stock Exchange is owned and operated by the Deutsche Borse Group, and is one of largest trading exchanges for securities in the world. It is the largest of Germany’s seven stock exchanges, and is the home of the DAX “blue chip” stock market index. Deutsche Borse Group also owns the international central securities depository company Clearstream, and with SIX Swiss Exchange, owns the European futures exchange Eurex. The Frankfort Stock Exchange is home to public companies from over 80 different countries with almost 40% from North America.
