UBRG News Universal Bioenergy Stock Jumps 33.33%

UBRG News Universal Bioenergy Stock Jumps 33.33%, On High Volume for Second Day, Trades 8.15 Million Shares

2012-10-25 07:30 ET - News Release

IRVINE, Calif., Oct. 25, 2012 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCMarkets:UBRG), a publicly traded independent diversified energy company, announced that shares of its common stock jumped 33.33% in price, and 8,158,015 shares of its stock traded on Wednesday, October 24, 2012. The high volume trading for the Company's shares continued for a second consecutive day, with a two day rise in price of 135% since Monday's close.

Investors continued to react positively by buying up its shares and pushing the price up 33.33%, after it reported that the Depository Trust Company (DTC) had lifted the "Deposit Chill" on the Company's stock. All deposit restrictions have been removed, and the Company is now once again fully "DTC Eligible", and has resumed full electronic trading of the Company's common stock.

Investors quickly purchased the stock at a rate of over 1.08 million shares per hour, or over 18,129 shares per minute throughout the trading day. The of 8,158,015 shares traded on Wednesday, was 2.04 times the average daily trading volume of 3,999,744 of Universal's shares. Over 17,205,569 shares of the Company's stock were traded from Tuesday October 23, 2012 through the end of the trading day Wednesday 24, 2012.

Solomon Ali, Universal's Senior Vice President says, "We are very excited about the increased demand for our stock and its potential growth since the release of the DTC "Chill". Now we can make greater strides toward building a stronger company and generating profitability for the Company. We had record volumes of natural gas sales in the last few months, and expect that upward trend in volume, and gas prices to continue to rise. We are finalizing several major new contracts, for the sales of natural gas, oil and electric power, which should add millions of dollars in revenues and help push the company toward profitability. We anticipate making announcements about these transactions very soon. We are very pleased the investment community is still bullish about Universal and are demonstrating it by investing with confidence in our future."