IRVINE, Calif., Sept. 27, 2012 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCMarkets:UBRG), a publicly traded independent diversified energy company, that markets natural gas, propane, and produces petroleum and coal, announced today it is gearing for major growth as it diversifies its business strategy and model in an effort to build a billion dollar independent energy company.

The Company is in discussions and negotiations with several companies to acquire more target companies and energy properties and assets. The Company is in discussions with several investment bankers in an effort to raise $50 million to $100 million to fund its growth and expansion to build a multi-billion dollar independent diversified energy company. The Company is seeking to raise capital to fund more acquisitions of oil, natural gas and coal target companies, assets and properties, and position itself to up-list the Company to the NASDAQ or NYSE/Amex Equities stock exchange, and initiate a secondary public offering.

Universal Bioenergy is exploiting changes in the energy market with the intent to propel the company to a dominant market position, and be one of the top independent energy companies in the United States. The Company continues to build at a super growth rate and has aggressive plans to grow itself into a billion dollar company in the next 2 to 3 years. Universal Bioenergy's background and future outlook is very strong based upon the following profile

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