Universal Energy Corp. Elevates Its Status on the Pink Sheets
December 02 2010 - 9:30AM
Marketwired
Universal Energy Corp. (PINKSHEETS: UVSE), currently listed on the
Pink Sheets (www.otcmarkets.com), is proud to announce that it has
improved its status with Pink Sheets from No Information to Current
Information. All stockholders can now view the Company's Initial
Company Information and Disclosure Statement, as well as other
associated financial and legal documents that are required to
achieve Current Information Status with Pink OTC Markets, Inc.
"We vowed to remain transparent with our stockholders by
providing quarterly and financial information in a timely fashion,
and that is exactly what we have done," commented Billy Raley, CEO
of Universal Energy Corp. The Company voluntarily suspended its
reporting obligations with the SEC in May 2010 as a measure to
reduce substantial legal, accounting and other expenses associated
with reporting compliance.
Pink Sheets Current Information companies are those that submit
filings to regulators with powers of review and that make the
filings publicly available, or non-reporting companies that make
current information publicly available on the Pink Sheets News
Service pursuant to Pink OTC Markets Guidelines for Providing
Adequate Current Information. The Current Information category is
based on the level of disclosure.
Raley continued, "Numerous studies have shown that transparency
drives liquidity in the capital markets. We are committed to
keeping our investors up to date with the positive events happening
at Universal Energy Corp."
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
braley@universalenergycorp.info
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