OTC Bulletin Board S & P Company Insight for UNIVERSAL ENERGY CP
Profile
	Business Summary: Universal Energy Corp., an independent energy company, engages in the acquisition and development of crude oil and natural gas leases in the United States and Canada.   Address   30 Skyline Dr   Lake Mary , FL 32746-6201   Phone: 800-975-2076   Fax: 800-805-4561   Website: http://www.universalenergycorp.info Auditor   Tedder, James, Worden & Associates Transfer Agent   Madison Stock Transfer Inc. Employees:  4 ShareHolders:  479 Founded:  2002 Domicile:  Delaware
Background
	Universal Energy Corp., an independent energy company, engages in the acquisition and development of crude oil and natural gas leases in the United States and Canada. As of December 31, 2007, it had working interest in approximately 7,095 acres of land in Louisiana and Texas, as well as in Alberta, Canada. The company, formerly Universal Tanning Ventures, Inc., was founded in 2002 and is based in Lake Mary, Florida. History:  INCORPORATED in Delaware Jan. 4, 2002, as Universal Tanning Ventures, Inc.; name changed to Universal Energy Corp. June 23, 2006.   Subsidiaries: Universal Energy Services Corp. Universal Explorations Corp. UT Holdings, Inc.
Management
	Management Officers Position  Dyron M. Watford Chairman, Chief Financial Officer & Chief Accounting Officer  Billy R. Raley Chief Executive Officer Directors  Billy R. Raley  Dyron M. Watford
Annual Report
	Annual Report   Income Statement   2007 2006 Revenue 1 -- Cost & exps. 7,184 762 Interest expense, net 200 -- Other expense, net 6,629 -- Inc. fr. contng. opers. (14,011) (762) Discontd. opers. (34) (11) Net income (14,045) (773) Share earns. Fr. contng. opers. - basic ($0.49) ($0.04) Share earns. Discontd. opers. - basic Nil Nil Share earns. Net income - basic ($0.49) ($0.04) Share earns. Fr. contng. opers. - diluted ($0.49) ($0.04) Share earns. Discontd. opers. - diluted Nil Nil Share earns. Net income - diluted ($0.49) ($0.04)   Balance Sheet   2007 Assets: Cash & equiv. 235 Accounts receivable 1 Other curr. assets 64 Tot. curr assets 300 Oil and gas properties 2,249 Debt issuance costs 578 Property and equipment, net 8 Other assets 416 Total assets 3,551 Liabilities: Notes pay. 250 Accruals 143 Convertible Debentures 1,063 Accts. pay. 210 Other curr. liabs. 10,916 Tot. curr. liabs. 13,601 Com. stk. p.$0.0001 3 Paid-in cap. 5,366 Retained earns. (15,418) Total liabs. 3,551    * Results reflect Mar. '07 2.5-for-1 stk. split.
Interim Report
	Interim Report      Data Not Available
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2008   1 90,000   2008   2 330,000   2008   3 330,000   2007   1 Nil   2007   2 Nil   2007   3 Nil   2007   4 Nil   2007   Full Year Nil   2006   1 30,000   2006   Full Year Nil   2005   1 40,000   2005   2 40,000   2005   3 30,000   2005   4 30,000   2005   Full Year 140,000   2004   1 40,000   2004   2 40,000   2004   3 30,000   2004   4 30,000   2004   Full Year 150,000   2003   1 40,000   2003   2 40,000   2003   3 30,000   2003   4 30,000   2003   Full Year 150,000     Quarterly Net Income, US$ Year Quarter Revenue   2008   1 590,000   2008   2 2,940,000   2008   3 (3,920,000)   2007   1 (660,000)   2007   2 (2,030,000)   2007   3 (4,320,000)   2007   4 (7,010,000)   2007   Full Year (14,010,000)   2006   Full Year (762,000)   2005   Full Year (70,000)   2004   Full Year (60,000)   2003   Full Year (110,000)     Quarterly EPS, US$ Year Quarter Revenue   2008   1 .02   2008   2 Nil   2008   3 (.01)   2007   1 (.02)   2007   2 (.07)   2007   3 (.15)   2007   4 (.23)   2007   Full Year (.48)   2006   1 Nil   2006   2 Nil   2006   3 Nil   2006   4 (.03)   2006   Full Year (.04)   2005   1 Nil   2005   2 Nil   2005   3 Nil   2005   4 Nil   2005   Full Year Nil   2004   1 Nil   2004   2 Nil   2004   3 Nil   2004   4 Nil   2004   Full Year Nil   2003   1 Nil   2003   2 Nil   2003   3 Nil   2003   4 Nil   2003   Full Year (.01)
Stock Data
	Capitalization as of 03/31/2008:     Authorized Shares Outstanding Shares Common $0.0001 par 250,000,000 29,885,178   LONG TERM DEBT: $183,101.   Common $0.0001 par   Stockholders:  04/08/2008, 479. Transfer Agent:  Madison Stock Transfer Inc.   Brooklyn , NY   OTC Bulletin Board( Primary): UVSE   Exchange Year High Low OTC Bulletin Board 2008 0.9200 0.0000 OTC Bulletin Board 2007 2.5500 0.5800 OTC Bulletin Board 2006 0.8680 0.4080   DIVIDENDS: Common $0.0001 par: No cash. Common $0.0001 par was split 5-for-2, ex-Mar. 14, 2007.