Standard & Poor’s announced today that it has commenced Factual Stock Report coverage Universal Bioenergy, Inc. Universal Bioenergy, Inc. (OTC:UBRG) is an alternative energy company headquartered in Irvine, California. The company intends to develop and market a diverse line of natural and alternative energy products, including natural gas, oil, solar, biofuels, wind, synthetic fuels and related energy technology products. On March 11, 2011, Universal Bioenergy announced that it set a new record in sales revenue of $41,292,201, for the year ending December 31, 2010. These revenues are preliminary and unaudited. On March 4, 2011, Universal Bioenergy announced that NDR Energy Group, had sales of $18.3 million, and sales volume of 4.10 billion cubic feet (Bcf) of natural gas for the months of January and February. On March 3, 2011, Universal Bioenergy announced that Progas Energy Services confirmed that it had struck oil and gas on several wells that it has drilled in Texas. In April 2010, the company expanded into the natural gas energy market by acquiring a direct 49% financial interest in NDR Energy Group LLC. Additionally, an entity owned by officers of the company acquired an additional 2% financial interest in NDR Energy Group for a total direct and indirect financial interest of 51%. Universal Bioenergy believes this acquisition should provide it with distribution channels for marketing natural gas, oil, solar, biofuels, and other alternative energy products for its customers. In December 2010, the company established a new subsidiary, Texas Gulf Oil & Gas Inc., which will develop oil and gas field projects and obtain products from the wellhead. The subsidiary will manage the transmission and marketing of the product to Universal Bioenergy's customers. Texas Gulf Oil & Gas subsequently entered into a joint venture agreement with ProGas Energy Services Inc., of Texas, to produce and supply natural gas and oil to customers of Universal Bioenergy and NDR Energy Group. The companies will jointly develop an oil and gas field located in the Premont Northwest Field, in Jim Wells County, Texas.
S&P Factual Stock Report coverage on Universal Bioenergy, Inc. will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit www.universalbioenergy.com for additional information.About Standard & Poor's Factual Stock Reports This Standard & Poor’s service provides factual research coverage enabling information about Universal Bioenergy, Inc. and other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a company’s fundamentals and business prospects. Currently profiling over 500 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks. Standard & Poor’s Factual Stock Reports are produced separately from any other analytic activity of Standard & Poor’s. Standard & Poor’s Factual Report research has no access to non-public information received by other units of Standard & Poor’s. Standard & Poor’s does not trade on its own account. Note: All U.S. and Canadian Companies listed on a National Exchange (not covered by S&P’s STARS research) are eligible to obtain this coverage. About Standard & Poor's Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 10,000 employees, including wholly owned affiliates, located in 23 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6674655&lang=en