Universal Bioenergy Inc. (OTCQB: UBRG) announced that it is gearing for major growth as it diversifies its business strategy and model in an effort to build a billion dollar independent energy company.

The company is in discussions and negotiations with several companies to acquire more target companies and energy properties and assets. The company is in discussions with several investment bankers in an effort to raise $50 million to $100 million to fund its growth and expansion to build a multibillion-dollar independent diversified energy company.

The company is seeking to raise capital to fund more acquisitions of oil, natural gas and coal target companies, assets and properties, and position itself to up-list the company to the NASDAQ or NYSE/Amex Equities stock exchange, and initiate a secondary public offering.