NETTLETON, Miss., Nov. 7 /PRNewswire-FirstCall/ -- Universal Bioenergy, Inc. (Pink Sheets: UBRG) CEO, Dr. Richard Craven, stated, "Algae can become a prominent source of energy, and with several new algae technology companies emerging, it is a good time to form alliances. We have identified and spoken with some candidates but certainly welcome contact from interested parties. It is our goal to one day be 100% self-supplying in oil raw materials. Growing our own algae-based oil would be a step in that direction as it would reduce the influence of commodity price fluctuations on our operating costs."
Universal Bioenergy, Inc. is actively seeking relationships with algae production companies for the purpose of biodiesel and other fuel production.
About Universal Bioenergy Inc.
Universal Bioenergy, Inc. ( http://www.universalbioenergy.com ) is a Mississippi-based company trading under the symbol UBRG.otc. and is engaged in the production of renewable fuels through its subsidiary Universal Bioenergy North America, Inc. who operates a biodiesel refinery in Mississippi. The refinery intends to produce biodiesel fuel from various virgin vegetable oils, premium greases, and non-edible vegetable oil sources using their unique and economical process.
Safe Harbor: Universal is a developmental stage company with limited
operating history. To date it has not generated a positive cash flow.
Anyone considering purchasing securities of this company should review its
filings with the Securities and Exchange Commission. Certain statements
contained within this press release contain forward-looking information
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. All statements, other than statements of
fact, included in this release, including, without limitation, s
|SOURCE Universal Bioenergy, Inc.|
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