Universal Energy Resources, Inc. Dividends, Operational Update on Adams 127 Well #12

  
    
  
  
    
      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.