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, statements regarding potential future plans and objectives of the company, including product releases and marketing efforts, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise.
|SOURCE Universal Bioenergy, Inc.|
Copyright©2008 PR Newswire.
All rights reserved