Braintree,Ma. LevelStock.com is pleased to announce to all of its members and investors information on Universal Bioenergy Inc. (Pink Sheets:UBRG)
Universal Bioenergy Inc. (Pink Sheets:UBRG)
A Letter of Intent was signed by both parties on January 5, 2010, with the intent to move forward to a definitive agreement between the parties. On January 25, 2010, notification of the intended acquisition was filed with the Securities and Exchange Commission on Form 8-K. Later, on January 28, Universal announced its intention to acquire the energy/ fuel marketer NDR Energy Group LLC.
On March 9, 2010, Universal Bioenergy selected and engaged the services of a law firm to act as the closing agent, for the acquisition of NDR Energy Group LLC. The closing agent will manage all of the necessary legal functions, documents, and related activities to coordinate the closing of the transaction.
“We remain confident in our new business strategy, our plans for growth, and the acquisitions. Based on our preliminary due diligence, we believe that if the acquisition is consummated, the potential operating profit from this acquisition is estimated at $1.2 to $1.8 million annually. I truly believe this will bring real long-term value to Universal Bioenergy,” says Universal’s Sr. V.P., Solomon Ali.
About The Company
Universal Bioenergy Inc. is an alternative “Green Energy” company, and intends to create and market alternative energy sources including Solar, Biofuels, Wind, Synthetic Fuels and other related energy technology products. It plans to build the company into a prominent player in alternative green energy.
For inquiries contact: Investor Relations at 888-263-2009
The Universal Bioenergy Inc. logo is available at http://www.globenewswire.com/
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.
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