GFCI Grifco International Inc (CE)

It is the intention of Universal Energy Resources, Inc. to dividend out the assets via shares of Universal Energy Resources, Inc. to Grifco shareholders. The Company is a private venture formed by the principals of Grifco International, Inc. (Pink Sheets:GFCI) to take advantage of oil and gas production opportunities without risking and/or otherwise encumbering the assets of the public company. Adams 127 Well #12 is scheduled for completion on March 22, 2007 by B.J. Services. After completion the well will be brought into production and connected to the pipeline. Forward Looking Statements: Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of our products and services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management or increased government regulation.