NETTLETON, Miss., March 3 /PRNewswire-FirstCall/ -- Universal Bioenergy
Inc., (Pink Sheets: UBRG) announced that Dr. Richard D. Craven has been
appointed as Chief Executive Officer and a member of the Board of Directors of
Universal Bioenergy, Inc.
Dr. Richard D. Craven comes to Universal Bioenergy, Inc. with more than 14
years experience in business management and more than 9 years experience in
marketing. For the last decade, Dr. Craven has been involved in research and
development of alternative energy, emphasizing biodiesel. He has been
involved in various projects, leaning toward sustainable energy and its
environmental impact.
Prior to joining Universal Bioenergy, Dr. Craven worked as lead chemical
researcher and developer at Antek Research Inc., an environmentally-focused
nonprofit research firm. His research projects were aimed at optimizing and
improving biodiesel reactions and production, from component miscibility to
use of reaction by-products to catalytic reactions for waste-to-fuel
conversion and waste conversion to other useful products. All his work centers
on the development of sustainable energy source utilization systems and other
environmentally conscious projects.
Dr. Craven states, "I am pleased and excited to join the Universal
Bioenergy team and look forward to a long and meaningful relationship with the
company as we share many of the same views and desired positive goals and
outcomes for the biofuels industry and its potential positive impact globally.
My personal opinion before joining Universal Bioenergy was and still is that
both the company and the industry have great potential for the future and can
contribute to the goal of environmentally sound renewable, sustainable
energy."
Universal Bioenergy Inc.
Universal Bioenergy Inc. is a development stage company that intends to
produce and distribute biodiesel fuel through major distributors, wholesalers,
directly to truck stops and also export to Europe. Universal Bioenergy Inc. is
dedicated to creating innovative cost-effective products to improve the
quality of life and clean up the environment. Universal Bioenergy Inc. owns a
Biodiesel refinery in Mississippi, to produce relatively renewable clean-
burning biodiesel that reduce emissions and improves fuel economy in vehicles,
machinery and power plants. For more information, see Universal Bioenergy
Inc., Web site at www.universalbioenergy.com, or call Investor Relations at
(662) 580-4738 or email to investors@universalbioenergy.com.
Forward-Looking Statements
Certain statements in this news release may contain forward-looking
information 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. When used in this press release, the
words "expects," "anticipates," "believes," "plans," "will" and similar
expressions are intended to identify forward-looking statements. All
statements, other than statements of fact, included in this release,
including, without limitation, statements regarding potential future plans and
objectives of the company, including product releases and marketing efforts,
are forward-looking statements that involve risks and uncertainties. Forward-
looking statements are subject to certain risks and uncertainties that could
cause actual results to differ materially from those projected. Some of these
risks include, but are not limited to, adequacy of cash and our need for
future financing, the demand for our products and our dependence on key
personnel. These forward-looking statements speak only as of the date hereof.
There can be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements. Technical complications that may arise could
prevent the prompt implementation of any strategically significant plan(s)
outlined above. The company cautions that these forward-looking statements are
further qualified by other factors including, but not limited to, those set
forth in prior disclosures to investors. The company undertakes no obligation
to publicly update or revise any statements in this release, whether as a
result of new information, future events, or otherwise.
SOURCE Universal Bioenergy, Inc.