Universal Bioenergy Announces Major Plans to Increase Shareholder Value and Investor Returns
April 17 2014 - 2:55PM
Marketwired
Universal Bioenergy Announces Major Plans to Increase Shareholder
Value and Investor Returns
IRVINE, CA--(Marketwired - Apr 17, 2014) - Universal Bioenergy
Inc., (OTCQB: UBRG), a publicly traded independent diversified
energy company that markets and distributes natural gas, petroleum,
coal and electricity, announced major strategic plans and actions
to increase shareholder value and improve returns to its
investors.
To keep pace with the rising demand in the energy services
sector, the Company set a new record of $25.19 million in projected
sales for the first calendar quarter of 2014, enabling them to
break all previous records for first quarter sales.
Universal's Management team has developed a major plan that
would build stronger fundamentals for the Company, plans for more
growth and expansion, and generate greater revenues and solid
earnings for the Company. Due to the increased demands of
energy for the U.S. and world market, and the bullish outlook for
the industry, the Company appears to be poised for even greater
growth in the near and long term.
The Company's objective is be one of the top independent energy
companies in the United States and to deliver maximum value to its
shareholders. The Company's plans to achieve these objectives
include the following business strategies;
1. A major drive to generate strong profits and
positive earnings in the next 3 to 9 months 2. Generate
greater sales from thermal coal, refined energy products,
natural gas and electric power 3. Major push to increase the
Company's overall capitalization and market value
4. Continued growth through more mergers and
acquisitions of target companies in the energy industry
5. Continue to improve financial performance and reduce
corporate debt and liabilities 6. Establish a greater presence
in the U.S. national energy industry and marketplace
7. Generate greater sales through the
international market and export of energy products to other
countries in Europe, Asia and Africa 8. Proposals to
repurchase shares of the Company's common stock
9. Proposals to reduce the number of the outstanding
shares of common stock 10. Proposals to pay shareholders a
cash dividend, subject to profits and earnings
Universal's President, Vince M. Guest states, "Universal
Bioenergy is a high growth energy company that has continued to
experience double-digit growth. We feel very strongly about
the future growth prospects of our company. A major goal for us
this year is to deliver maximum value to our shareholders and
generate increasing revenues and solid earnings for the
long-term growth of our company. We believe Universal Bioenergy
holds major strategic long-term advantages over many larger
companies which have high operating costs and only experience
single digit growth. We intend to provide more details on these
plans over the next few weeks. We believe these plans should have a
major impact on our future growth, financial performance and
provide greater benefits to our loyal shareholders."
About Universal Bioenergy Inc. Founded in 2004, Universal
Bioenergy Inc., is a publicly traded independent diversified energy
company that produces and markets natural gas, petroleum, coal
and propane. We market energy resources to the largest public
utilities, electric power producers and local gas distribution
companies in the U.S., that serve millions of commercial,
industrial and residential customers. We are also engaged in the
acquisition and development of existing or recently discovered oil
and gas fields, leases and surface coal mines. For more information
visit www.universalbioenergy.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.
For inquiries contact: Media Relations Solomon Ali 704-837-5705