Located in Irvine, California, Universal Bioenergy is a diversified energy company that produces and markets natural gas, petroleum, coal, and propane. Today, Universal announced they expect double digit growth for 2011. Universal’s company’s officers have been in discussions with its accountants and Independent Auditors since early January to complete the timely filing of the Form 10-K Annual Report for 2011.
In reference to this expectation, Universal’s President Vince M. Guest stated, “We feel very positive about the financial results and operations of the Company for 2011. We started working with our accountants and auditors right after the 2011 fiscal year ended in December to get a very early start to complete the financials. As the Company grows and expands its energy product line from natural gas into propane, oil and coal it requires a lot more time to prepare. We believe when the Form 10-K Annual report is filed it will demonstrate a tremendous year of strong growth, solid financials and continued double digit growth in revenues. It will also demonstrate many of the strategic goals we set out to accomplish for the long term benefit of our shareholders. We have great confidence in our team’s ability to position the Company for another great year of growth and expansion, in spite of a sluggish economy. We are also working very diligently to increase our stock price, market value and remove the DTC chill from our stock.”
Currently, Universal is trading in the $0.02 range. To learn more about the company as a whole, visit their corporate website at www.universalbioenergy.com
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