January 27, 2010 (FinancialWire) — Universal Bioenergy Inc. (OTC: UBRG) announced it is planning several major acquisitions as part of its new progressive business strategy. Universal is presently in high level talks with several companies in the energy and related industries to acquire them.

As indicated in a recent SEC filing, the company has executed formal Letters of Intent with at least two companies to acquire them. Based solely on the initial due diligence, management believes that if the acquisitions are completed, the projected purchase value of these acquisitions will be in the $10 to $15 million range, and the potential operating profit to be generated from these acquisitions is estimated at $2.5 to $3.6 million annually.

The acquisitions will allow Universal to sell biodiesel fuel, energy products and green technologies through these acquired companies and their existing national and regional marketing forces and distribution channels.

Universal Bioenergy Inc. is an alternative “Green Energy” company, and intends to create and market alternative energy sources including Solar, Biofuels, Wind, Synthetic Fuels and other related energy technology products.

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