CONTINENTAL FUELS Stichtag: 12.07.2008

mir fehlt auch noch die Einbuchung.

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Continental Fuels Establishes South American Subsidiary to Expand Trading Activities to South American Suppliers

ORANJESTAD, Aruba--(BUSINESS WIRE)--Continental Fuels, Inc. (OTCBB:CFUL) (FWB:CIQB) has recently
incorporated Combustibles Continental de Latinoamérica
C. A., a new subsidiary established in order to exploit the many
relationships that Continental has developed throughout Latin America as
sources of product for its international trading activities.

Through this new subsidiary, Continental is negotiating supply contracts
from various energy exporting countries, including Brazilian ethanol. In
addition, the subsidiary will allow Continental to draw on significant
international funding sources.

Our contacts and negotiations in Latin
America present incredible possibilities for profit and expansion,
explains Continental CEO Tim Brink. The
volumes of product that are available allow us to deliver directly to
our customers without ever actually taking possession. This low cost
approach, coupled with the existing margins and enthusiastic investors
should allow us to grow this opportunity with increasing acceleration.

With the establishment of this subsidiary, Continental has also
initiated banking relationships and engaged legal representation in
Latin America. Continental CEO Tim Brink and Senior Vice President of
Trading and Marketing Ernesto Haberer recently returned from lengthy and
successful negotiations in South America and plans are being completed
for a second trip that should result in the execution of contracts.

Continental Fuels, Inc. is a subsidiary of Universal Property
Development and Acquisition Corporation (OTCBB:UPDA) (FWB:UP1) (BCN:UP1)
(GER:UP1) (MUN:UP1) (STU:UP1).


For further information, please visit www.continentalfuels.com.

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