Universal Energy Corp. Taking Steps to Resume Trading on OTCBB
February 02 2010 - 10:23AM
Marketwired
Universal Energy Corp. (PINKSHEETS: UVSE), an emerging oil and gas
exploration and production company, today announced that it is
taking steps to resume trading of its common shares on the OTCBB.
The Company's common shares have traded on the pink sheets since
May 2009. The Company expects to file its quarterly report for the
third quarter of 2009 within the next week followed by the
necessary regulatory filings.
"Our stockholders deserve the increased transparency and
liquidity that the OTCBB provides," commented Billy Raley, CEO of
Universal Energy Corp. Raley continued, "While I expect this
process to take a few months (including regulatory reviews), it is
a worthwhile and important step in restoring investor confidence in
the Company."
Universal Energy Corp. is a publicly traded (PINKSHEETS: UVSE)
energy company engaged in the acquisition and development of crude
oil and natural gas leases in the United States. We pursue oil and
gas prospects in partnership with oil and gas companies with
exploration, development and production expertise. Our prospect
areas consist of lands in Louisiana and Texas. Visit
www.universalenergycorp.info for more details.
Forward Looking Statements -- The information contained herein
regarding risks and uncertainties, which may differ materially from
those set forth in these statements, in addition to the economic,
competitive, governmental, technological and other factors,
constitutes a "forward-looking statement" within the meaning of
Section 27A of the Securities Act of 1933, as amended, Section 21E
of the Securities Exchange Act of 1934, as amended, and the Private
Securities Litigation Reform Act of 1995 and is subject to the safe
harbors created thereby. While the company believes that the
assumptions underlying such forward-looking information are
reasonable, any of the assumptions could prove inaccurate and,
therefore, there can be no assurance that the forward-looking
information will prove to be accurate. Accordingly, there may be
differences between the actual results and the predicted results,
and actual results may be materially higher or lower than those
indicated in the forward-looking information contained herein.
CONTACT: Universal Energy Corp. Billy Raley CEO (800) 975-2076
braley@universalenergycorp.info
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