Universal Bioenergy Announces It Considers Plans for Major Stock Buy Back of 566 Million Shares of Its Common Stock

Universal Bioenergy Announces It Considers Plans for Major Stock Buy Back of 
566 Million Shares of Its Common Stock 
IRVINE, CA -- (Marketwired) -- 04/23/14 --  Universal Bioenergy Inc.,
(OTCQB: UBRG), a publicly traded independent diversified energy
company that markets and distributes natural gas, petroleum, coal and
electricity, announced it is considering making major repurchases and
buy backs of its outstanding shares common stock. The Company is
considering re-purchasing up to 20% or 566 million shares of its
2,833,340,081 outstanding shares of common stock. 
The Company believes one of the best uses of its financial resources
is to re-purchase its own stock. This signifies the high level of
confidence the Company has in its long-term growth potential, and
gives it the opportunity to take advantage of the current low stock
price in the market. 
On August 14, 2013, the Company announced that it had completed the
repurchase of 300,000,000 of its outstanding shares of common stock
in a privately negotiated transaction. All of the 300,000,000 shares
were cancelled and returned to the Corporations treasury. The 300
million shares repurchased represented 12% of the Company's
outstanding shares of common stock at that time.  
Universal's Senior Vice President Solomon Ali says, "We believe our
stock is currently undervalued compared to our revenues and assets.
Our current position and future outlook puts us in a position to buy
back shares of our common stock that presently trade at a very low
market price. The message we want to send to our shareholders and
stakeholders is that we feel good about our future goals for growth
and expansion. The best investment we can make, is an investment in
our own Company. We feel that by investing in our own Company, this
would be a good investment not only by reducing the number of
outstanding shares, but also providing great value to our
shareholders." 
Shares of the Company's common stock may be purchased from time to
time on the open market and in privately negotiated transactions.
With Board approval, the timing and amount of any shares repurchased
will be determined based on the Company's evaluation of market
conditions and other factors. Repurchases will be made in compliance
with all SEC rules and other legal requirements and may be made in
part under a Rule 10b5-1 plan, which permits stock repurchases when
the Company might otherwise be precluded from doing so. Any open
market purchases will be conducted in accordance with the limitations
set forth in Rule 10b-18 of the Securities and Exchange Commission
and other applicable legal requirements. 
About Universal Bioenergy Inc. 
 Founded in 2004, Universal Bioenergy
Inc., is a publicly traded independent diversified energy company
that produces and markets natural gas, petroleum, coal and propane.
We market energy resources to the largest public utilities, electric
power producers and local gas distribution companies in the U.S.,
that serve millions of commercial, industrial and residential
customers. We are also engaged in the acquisition and development of
existing or recently discovered oil and gas fields, leases and
surface coal mines. For more information visit
www.universalbioenergy.com 
Safe Harbor Statement - There are matters discussed in this media
information that are forward looking statements 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. Such statements are only forecasts and actual
events or results may differ materially from those discussed. For a
discussion of important factors which could cause actual results to
differ from the forward looking statements, refer to Universal
Bioenergy Inc.'s most recent annual report and accounts and other SEC
filings. The company undertakes no obligation to update publicly, or
revise, forward looking statements, whether as a result of new
information, future events or otherwise, except to the extent legally
required. 
For inquiries contact: 
Media Relations:
Solomon Ali 
704-837-5705 
 
 
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