- News Alert - (PINKSHEETS: UBRG): Universal Bioenergy Inc. announced it is making final preparations to complete the financial statements to file with the Securities and Exchange Commission.

M2 PRESSWIRE-May 11, 2011-OTC Market Wire: - News Alert - (PINKSHEETS: UBRG): Universal Bioenergy Inc. announced it is making final preparations to complete the financial statements to file with the Securities and Exchange Commission.(C)1994-2011 M2 COMMUNICATIONS

RDATE:11052011

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PINKSHEETS: UBRG

Universal Bioenergy Inc. announced it is making final preparations to complete the financial statements to file with the Securities and Exchange Commission.

- - May 10, 2011 - - Universal Bioenergy Inc. (Pink Sheets:UBRG - News), an energy company announced it is making final preparations to complete the financial statements to file with the Securities and Exchange Commission. The Company will file its Form 10K Annual Report for 2010 and its Form 10Q Report for the first quarter of 2011 to bring their filings current right up to the filing date.

"We believe the final audited reports to be filed with the SEC will confirm the preliminary information we released earlier this year when we reported revenues of over $20.93 million for the forth quarter of 2010 and revenues of over $41.29 million for 2010. It is our intent to report the most accurate information in our financial statements in full compliance with FINRA, GAAP and SEC guidelines. We feel this will build shareholder confidence and create value for those looking for a good long-term investment in a growing company. There's an enormous amount of work involved, however we believe we should have them ready for filing in the next few weeks. We are working hard on several other major transactions and strategic acquisitions that should bring increased value to our shareholders, the details of which will be forthcoming," said Vince M. Guest, Universal's President.

Shareholders and investors have been intently waiting for the filing of the Company's financial reports. The filing of the reports were delayed because the Company's Accountants, and Auditor's must complete a full audit on Universal Bioenergy, an audit for NDR Energy for the last two years and a review of NDR's accounting records for the last five years. The Company cautioned its shareholders and investors to rely upon official corporate information from the Company and its SEC filings and not on Internet message boards where personal opinions and other agendas are published.

About UBRG: Universal Bioenergy Inc. is an alternative energy company, and intends to create and market natural and alternative energy sources including natural gas, petroleum, solar, biofuels, wind, synthetic fuels and related energy technology products. It plans to build the company into a prominent player in alternative energy.

The Universal Bioenergy Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6784

For additional information about UBRG, please visit http://www.PennyStockCircle.com/UBRG

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