Universal Bioenergy (UBRG) Plans for OTC Bulletin Board Listing
9/30/2011 2:10:30 PM
Universal Bioenergy Inc. is an independent, diversified energy company that is focused on producing and marketing natural and alternative energy products, including natural gas, petroleum, biofuels, synthetic fuels, wind, solar and related energy technology products.
The company today announced plans to be listed on the Over the Counter Bulletin Board (OTCBB) in order to expand its shareholder base and attract institutional investors. Universal Bioenergy has engaged the services of a financial consultant and a broker dealer/market maker to assist with the application and approval process.
The OTC Bulletin Board is a quotation service that displays real-time quotes, last sale prices, and volume information for over-the-counter securities. There are more 3,330 OTCBB securities, which include both U.S. and foreign equity issues, warrants, units, American Depositary Receipts (ADRs) and Direct Participation Programs (DPPs). It is regulated by the Financial Industry Regulatory Authority Inc. (FINRA).
The company’s senior vice president, Solomon Ali, said, “Having Universal’s common stock listed on the OTCBB is very important in our drive for greater sales and profitability.” Mr. Ali also believes that the OTCBB listing will allow Universal Bioenergy to raise more capital to grow the company. In addition, the company plans to list Frankfurt, Germany upon approval of the OTCBB listing.
For more information on Universal Bioenergy, please visit its website at www.universalbioenergy.com
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