IRVINE, Calif., June 26, 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 on June 6, 2012 that its Board of Directors declared a common stock dividend to its shareholders on a 10 for 2 basis providing them with an immediate 20% return on their investment.
As a reward to its shareholders for their loyalty, the Board has voted to pay all shareholders on record, a 20% stock dividend. The plan would pay or issue 2 new shares of common stock, for every 10 shares of common stock held by all shareholders of record, as of July 13, 2012, providing the shareholders with an immediate return of 20%. To receive the dividend you must be a registered shareholder of record on the Company's books on or before the record date of July 13, 2012. Shareholders who not registered as of this date will not receive the dividend.
The Company is in the final stages of submitting all of the required documentation for review and approval to the U.S. Securities and Exchange Commission, (SEC), and the Financial Industry Regulatory Authority (FINRA), this week.
New share certificates will be mailed directly to all qualifying shareholders of record by the Company's Transfer Agent. The Company recommends that all stockholders contact their brokers to ensure their mailing information is current so that there will not be any issues in the delivery of the new stock certificates. The Company is also working to issue the shares electronically via DWAC to the shareholders, if possible.
Universal's President Vince M. Guest states, "We are in the process of finalizing all of the documentation to submit to the SEC, FINRA and our transfer agent this week. Therefore all shareholders of record on July 13, 2012 will receive an immediate 20% return on their investment, which could be significantly higher that what they might earn on their other investments. The Company is growing at double digit rates and we anticipate another great year of growth and expansion. Our attorneys submitted all of the required documentation to the Depository Trust Company (DTC), this week to review to lift the chill, and we anticipate a response within 15 business days. If the chill is lifted, then all shareholders with free trading shares could have their shares sent to them electronically via DWAC directly to their brokerage accounts through the DTC and CEDE. If we are successful in having the chill is lifted, we believe this should have a very strong and positive effect on the demand, liquidity, trading volume, and price of our stock. We feel this will be of great benefit to our current and long-term shareholders."
About Universal Bioenergy Inc.
Founded in 2004, Universal Bioenergy Inc. is a publicly traded independent diversified energy company that produces and markets natural gas, petroleum, coal and propane. We market energy resources to the largest public utilities, electric power producers and local gas distribution companies in the U.S., that serve millions of commercial, industrial and residential customers. We are also engaged in the acquisition and development of existing or recently discovered oil and gas fields, leases and surface coal mines. For more information visit www.universalbioenergy.com
The Universal Bioenergy Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6784
Safe Harbor Statement - There are matters discussed in this media information that are forward looking statements within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. Such statements are only forecasts and actual events or results may differ materially from those discussed. For a discussion of important factors which could cause actual results to differ from the forward looking statements, refer to Universal Bioenergy Inc.'s most recent annual report and accounts and other SEC filings. The company undertakes no obligation to update publicly, or revise, forward looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.