SOURCE: Universal Energy Corp.

December 02, 2010 09:30 ET

Universal Energy Corp. Elevates Its Status on the Pink Sheets

HOUSTON, TX--(Marketwire - December 2, 2010) - Universal Energy Corp. (PINKSHEETS: UVSE), currently listed on the Pink Sheets (www.otcmarkets.com), is proud to announce that it has improved its status with Pink Sheets from No Information to Current Information. All stockholders can now view the Company's Initial Company Information and Disclosure Statement, as well as other associated financial and legal documents that are required to achieve Current Information Status with Pink OTC Markets, Inc.

"We vowed to remain transparent with our stockholders by providing quarterly and financial information in a timely fashion, and that is exactly what we have done," commented Billy Raley, CEO of Universal Energy Corp. The Company voluntarily suspended its reporting obligations with the SEC in May 2010 as a measure to reduce substantial legal, accounting and other expenses associated with reporting compliance. 

Pink Sheets Current Information companies are those that submit filings to regulators with powers of review and that make the filings publicly available, or non-reporting companies that make current information publicly available on the Pink Sheets News Service pursuant to Pink OTC Markets Guidelines for Providing Adequate Current Information. The Current Information category is based on the level of disclosure.

Raley continued, "Numerous studies have shown that transparency drives liquidity in the capital markets. We are committed to keeping our investors up to date with the positive events happening at Universal Energy Corp."

Universal Energy Corp. is a publicly traded (PINKSHEETS: UVSE) energy company engaged in the acquisition and development of crude oil and natural gas leases in the United States. We pursue oil and gas prospects in partnership with oil and gas companies with exploration, development and production expertise. Our prospect areas consist of lands in Louisiana and Texas. Visit www.universalenergycorp.info  for more details.

Forward Looking Statements -- The information contained herein regarding risks and uncertainties, which may differ materially from those set forth in these statements, in addition to the economic, competitive, governmental, technological and other factors, constitutes a "forward-looking statement" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995 and is subject to the safe harbors created thereby. While the company believes that the assumptions underlying such forward-looking information are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking information will prove to be accurate. Accordingly, there may be differences between the actual results and the predicted results, and actual results may be materially higher or lower than those indicated in the forward-looking information contained herein.

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