February 10, 2010 (FinancialWire) — Universal Bioenergy Inc. (OTC: UBRG), an alternative energy company, said that it is has signed a letter of intent in a multi-million dollar deal to acquire Roblex Aviation Inc., an air cargo services company based in San Juan, Puerto Rico, as part of its continuing plans for expansion.

Based on the information obtained by Universal, Roblex is a leading, profitable, 13 year old first class air cargo company, with a solid industry reputation in the Caribbean market. Roblex is FAA registered, with primary routes to the Dominican Republic, the U.S. and British Virgin Islands, and has significant potential for growth and expansion. Roblex has over 40 employees and flies primarily out of the San Juan International Airport in San Juan, Puerto Rico. Some of Roblex’s clients are the United States Postal Service, Amerijet, Delta Cargo and other blue chip clients.

The final terms and conditions of the acquisition are being negotiated, and will be determined in the definitive agreement. No assurances can be provided that a definitive agreement will be executed. Execution of a definitive agreement is subject to, among other things, confirming due diligence by Universal, standard regulatory approvals, and other conditions and approvals by both companies’ management and board of directors.

Universal Bioenergy Inc. is an alternative “Green Energy” company, and intends to create and market alternative energy sources including Solar, Biofuels, Wind, Synthetic Fuels and other related energy technology products.

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