|Universal Bioenergy and NDR Energy Executives to Meet With Investment Banking and Private Equity Companies in New York |
IRVINE, Calif., Jan 13, 2012 (GlobeNewswire via COMTEX) -- Universal Bioenergy Inc. (OTCMarkets:UBRG), a publicly traded independent diversified energy company, announced today that the senior executives of Universal Bioenergy Inc., and NDR Energy Group LLC will be traveling to New York City the week of January 16, 2012 to meet with several investment banking and private equity firms.
The Company executives plan to have a series of highly focused intensive meetings and discussions covering raising additional capital for the company's growth and expansion, future acquisitions in the energy industry, increasing market awareness, up-listing to a major national stock exchange such as NASDAQ or NYSE Amex Equities, increasing their stock price, market value and a possible secondary public offering.
Universal's Senior Vice President Solomon Ali states, "We are very excited to meet with some of the investment bankers and private equity firms in America's financial capital, New York City. We have had meetings with these firms through conference calls since November of 2011, regarding raising expansion capital for the Company, positioning us to move to a major stock exchange, improving our stock price, capital structure and related issues. These direct meetings with their executives, investment bankers, underwriters, analysts and broker dealers, will help prepare us to accomplish these major steps and to recommend an optimal strategy to maximize our shareholder value. We intend to engage one or more of these firms to achieve these objectives in association with our securities counsel in the next 60 - 90 days."
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