Universal Bioenergy Forecasts Strong Profits and Earnings in 2012:
IRVINE, Calif., Jan. 31, 2012 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCMarkets:UBRG.PK - News), a publicly traded independent diversified energy company, announced that it has set out plans to increase revenues and generate earnings and profitability in 2012. To rapidly build its business in the past two years, the Company succeeded in generating substantial sales revenues, a broad customer base, and gaining greater market share. The Company is now shifting its strategy for 2012 to aggressively focus on increasing earnings and profitability.
Universal Bioenergy is a high growth company which continues to grow at double digit rates. The Company achieved sales revenue of $49,904,114 for the nine months year ending September 30, 2011, and incurred losses of $1,244,291 which equaled 2.49% of total sales revenues.
Universal's President Vince M. Guest states, "With our planned acquisitions in the oil, gas and coal segments of the energy industry, we are putting a major drive this year on generating solid earnings and profitability. We have 28 major electric utility customers that purchase natural gas from us now, and we anticipate closing on the Whitesburg Friday Branch coal mining acquisition very soon. Some major steps to increase earnings are to change our strategy for obtaining our supplies of natural gas and negotiate with independent oil and gas producers to obtain long-term natural gas supply agreements. We have initiated discussions with one the largest banks in the U.S. to obtain bank funding for working capital, acquisitions and to purchase gas, oil and coal. We believe these future acquisitions and strategies could bring the Company potentially $5 to $8 million in earning and profits."
Participating Verizon & AT&T-authorized dealers will receive RatedSafeTM marketing collateral and merchandising material for retail point-of-sale distribution offering a 30 day FREE version of the bundled app, training materials detailing the benefits of the RatedSafeTM child-protection and parental-notification application, and employee incentive programs to promote and encourage RatedSafeTM activations.
With the growing threat to U.S. agriculture and the unique technology that BeesFree offers, I wouldn't be surprised to see the stock take off after the announcement of the initial order. Go BEES!
The popularity of mobile applications to protect teens and children from social pressures have been on the rise in recent years. With retail sales exploding, the potential for WQN safe technology is unlimited.
American Liberty Petroleum Corp. (OTCBB: OREO) (herein after "American Liberty" and/or "the Company") is pleased to announce the expansion of its project portfolio through the addition of the 3,840-acre Cortez lease. As well, on June 27, 2011, the Company exercised its option agreement from May 11, 2010, thereby receiving assignment of the following 3 Nevada-based Oil and Gas leases: Gabbs Valley lease (75% Working Interest; 63.375% NRI), Cortez lease (60% WI; 48% NRI), Kibby Flat lease (75% Working Interest; 63.375% NRI).
The Cortez lease was originally included in the option agreement through the agreement's 3rd Amendment on February 11, 2011. The lease consists of 3,840.560 acres in sections 1, 12, 13, 24, 25, and 36 of Township 12 North and Range 34 East (Mt. Diablo Base and Meridian). The BLM issued the Cortez lease on August 24, 1995. It was subsequently committed to the Cobble Cuesta Unit on March 1, 2005. Drilling of the Empire No. 1-12 Cobble Cuesta well extended the lease through November 28, 2010. Its status became "Held By Production" (HBP) on November 3, 2010 due to the discovery of oil in the Empire No. 2-12 Paradise well (recovered 87 feet of oil with pressure data indicating a low permeability oil reservoir).
The Cortez lease is located in close proximity to the Company's Gabbs Valley lease, which will provide an operational advantage as American Liberty moves its exploration program forward for the leases. Exploratory wells have resulted in hydrocarbon shows on both leases and, as mentioned, recovered oil on the Cortez lease. Both leases are located on the 26,000-acre Cobble Cuesta structure in the northwest part of Gabbs Valley in Nye County, Nevada. A report by Alfred H. Pekarek, Ph.D., Geologist, from January 2008 estimated the Cobble Cuesta structure represents reserves of 4+ billion barrels of oil based on reservoir and production data from producing Nevada oil fields.
"We're excited to demonstrate our intention of exploring and developing Nevada's potential energy resources," commented Alvaro Vollmers, American Liberty's President. "We can now proceed with rapidly advancing the initial oil discovery work already performed on the Cortez lease."
ADDISON, Texas, Dec. 19, 2011 (GLOBE NEWSWIRE) -- WQN, Inc. (OTCPK:WQNI.PK) today announced that it has signed a Letter of Intent with GP-Imports (http://www.gp-imports.com) to Market and Distribute the company's mobile game catalog through WQNI's retail distribution outlets. The Letter of Intent outlines a marketing and distribution agreement under which GP-Imports will grant WQNI an exclusive license to market and distribute the Company's mobile game catalog.
WQNI is a group of experienced entrepreneurs with expertise in marketing and distribution of digital products. WQNI will introduce the GP-Imports mobile games to consumers with a WQNI Child Safe Rating through the company's Mobile App Center in designated retail outlets.
"We are excited about adding Child Safe mobile games to our distribution channel that already consists of our No-Texting-while-Driving, and other Parental Control applications," said Michael Adler, Chief Executive Officer of WQNI.
Parents are worried about the risk of mobile games especially, when kids install mobile games from less-than-reputable sources or through links from text messages, they might also be getting offensive content, spam or malicious software. The combination of GP-Imports and CellSafety's parental control software adds an additional layer of protection and helps prevent these kinds of problems.
WQNI describes and rates all mobile games distributed through the company's Mobile App Centers.
"I believe WQNI's Child Safe Rating and retail distribution model makes tremendous sense," said Paul Jaimovich, CEO of GP-Imports. "We are pleased to be working with a company with a vision for child safety," continued Mr. Jaimovich.
Still trading within 1mo range - looking forward to breaking up through resistance.