Universal Bioenergy Signs Multi-Million Dollar Agreement for Acquisition of Whitesburg Coal Mine

Transaction Projected to Produce Over $264 Million in Revenues in the Next 5 Years IRVINE, Calif., Dec. 6, 2011 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc. (Pink Sheets:UBRG), an independent diversified energy company, announced that it has signed a definitive agreement for the acquisition of Whitesburg Friday Branch Mine LLC as part of its continuing plans for growth and expansion. The transaction is projected to generate over $264 million in estimated revenues in the next 5 years. Univer...continued UBRG  biodiesel biomass biofuel

URL: http://www.investorpoint.com/news/ENERGY01/46644640/