(COMTEX) B: Universal Property Subsidiary West Oil & Gas Setting Up Operat
ons In Utah ( Investrend )
B: Universal Property Subsidiary West Oil & Gas Setting Up Operations In Utah (
nvestrend )
Jan 30, 2006 (financialwire.net via COMTEX) --
January 30, 2006 (FinancialWire) Universal Property Development and
Acquisition Corporation (OTCBB: UPDA) has accelerated its efforts to commence
operations in Utah through its West Oil & Gas, Inc. subsidiary, which has
established offices in Salt Lake City's landmark Wells Fargo Bank Tower.
West Oil Vice President Rene Kronvold has initiated review of several oil
and gas prospects in the Uinta Valley, the Altamont-Bluebell Field and
elsewhere in the state of Utah. "We are very anxious to commence operations
in Utah," reports Mr. Kronvold. "It has taken some time to get started while
UPDA focused on Canyon Creek, but with the remarkable success of UPDA's
operations in Texas, the resources now available will allow West to consider
opportunities that may otherwise have been out of reach."
In order to take advantage of those many opportunities, West will be
terminating its relationship with Dark Horse Exploration and Byron T.
Woodard. In conjunction with this termination, UPDA will increase its stake
in West to 70% and Masaood Group, LTD. and Kronvold will own 20% of the
outstanding shares.
Universal Property Development and Acquisition Corporation is enrolled in
Investrend Research's unique and pioneering professional analyst program,
which facilitates independent analysts to provide financial coverage for
shareholders and investors in companies that otherwise would have little or
no analyst following. Enrollment in standards-based research is an important
measure of a company's commitment to transparency and Good Governance.
Coverage on the company was irrevocably terminated on January 9, 2006, after
the company issued a press release that misled investors about its role in a
report issued by Investrend Research analyst Daniel Capo, CFA, in which he
downgraded the company from a "No Rating/3" to a "Suspended/1." Investrend
Research will not provide further research to the company as long as present
management and key institutions are associated with it. Coverage was
initiated with the company on November 16, 2005.
The Investrend Research program is the largest in the world and includes a
number of safeguards to reduce or eliminate conflict. These systems,
including media coverage and endorsements, may be accessed at
www.investrendresearch.com
Investrend Research subscribes to the "Standards for Independent Research
Providers" at www.firstresearchconsortium.com, and adheres to the
Guidelines for independent providers jointly endorsed by the National
Investor Relations Institute (www.niri.org) and the CFA Institute
(www.cfainstitute.org).
Buyside Magazine has stated that Investrend Research "remains in the
vanguard of both standards and independence." ODwyerPR has cited Investrend
Research as "exceeding the standards of CFAI-NIRI." The CFA Magazine, citing
Investrend and its affiliates as having "strict rules about compensation and
full disclosure," which "should go a long way towards ensuring objectivity,"
said "issuer-paid research is here to stay." Investrend has been cited by the
Dow Jones Newswires, Financial Mail, Shareholder Value, and NIRI's "IR
Update," which stated that Investrend "accomplishes the goal and more."
Investrend's model has been endorsed by the New York Times, former SEC Chair
Arthur Levitt and shareholders themselves, 70.9% of whom said in a survey at
InvestoPedia, that a company that enrolls for "legitimate fee-based research
is making a positive statement about its investment potential." A survey at
Charles Schwab & Co. revealed that 78% of active shareholders now "value
research from independent firms over analysts by Wall Street firms with
financial ties to the companies they are rating."
Enrollment fees for basic Benchmark coverage is $24,800, and the fees are
being paid by Morgan Merchants, a third party.
All independent sponsored research distributed by Investrend Research
Syndicate are enrolled for investor-monitoring by the Shareholders Research
Alliance at www.shareholdersresearch.com.
Complete information about any company enrolled in an Investrend shareholder
empowerment platform, including those of its affiliates and independent
analysts and webcasters, including disclosures and disclaimers, is available
at the company's InvestorPower page at
www.investrend.com/company/list.asp?sPathParam=yes and on each report
and press release, and investors are advised to read those disclosures
carefully before trading in the equities of any enrolled company.
For up-to-the-minute news, features and links click on
www.financialwire.net
FinancialWire is an independent, proprietary news service of Investrend
Information, a division of Investrend Communications, Inc. It is not a press
release service and receives no compensation for its news or opinions. Other
divisions of Investrend, however, provide shareholder empowerment platforms
such as forums, independent research and webcasting. For more information or
to receive the FirstAlert daily summary of news, commentary, research
reports, webcasts, events and conference calls, click on
www.investrend.com/contact.asp
For a free annual report on a company mentioned in the news, please click on
investrend.ar.wilink.com/?level=279
The FinancialWire NewsFeed is now available in multiple formats to your site
or desktop, free. Click on: www.investrend.com/XmlFeeds?level=268
www.financialwire.net
(C) 2006 financialwire.net, Inc. All rights reserved.
*** end of story ***
ons In Utah ( Investrend )
B: Universal Property Subsidiary West Oil & Gas Setting Up Operations In Utah (
nvestrend )
Jan 30, 2006 (financialwire.net via COMTEX) --
January 30, 2006 (FinancialWire) Universal Property Development and
Acquisition Corporation (OTCBB: UPDA) has accelerated its efforts to commence
operations in Utah through its West Oil & Gas, Inc. subsidiary, which has
established offices in Salt Lake City's landmark Wells Fargo Bank Tower.
West Oil Vice President Rene Kronvold has initiated review of several oil
and gas prospects in the Uinta Valley, the Altamont-Bluebell Field and
elsewhere in the state of Utah. "We are very anxious to commence operations
in Utah," reports Mr. Kronvold. "It has taken some time to get started while
UPDA focused on Canyon Creek, but with the remarkable success of UPDA's
operations in Texas, the resources now available will allow West to consider
opportunities that may otherwise have been out of reach."
In order to take advantage of those many opportunities, West will be
terminating its relationship with Dark Horse Exploration and Byron T.
Woodard. In conjunction with this termination, UPDA will increase its stake
in West to 70% and Masaood Group, LTD. and Kronvold will own 20% of the
outstanding shares.
Universal Property Development and Acquisition Corporation is enrolled in
Investrend Research's unique and pioneering professional analyst program,
which facilitates independent analysts to provide financial coverage for
shareholders and investors in companies that otherwise would have little or
no analyst following. Enrollment in standards-based research is an important
measure of a company's commitment to transparency and Good Governance.
Coverage on the company was irrevocably terminated on January 9, 2006, after
the company issued a press release that misled investors about its role in a
report issued by Investrend Research analyst Daniel Capo, CFA, in which he
downgraded the company from a "No Rating/3" to a "Suspended/1." Investrend
Research will not provide further research to the company as long as present
management and key institutions are associated with it. Coverage was
initiated with the company on November 16, 2005.
The Investrend Research program is the largest in the world and includes a
number of safeguards to reduce or eliminate conflict. These systems,
including media coverage and endorsements, may be accessed at
www.investrendresearch.com
Investrend Research subscribes to the "Standards for Independent Research
Providers" at www.firstresearchconsortium.com, and adheres to the
Guidelines for independent providers jointly endorsed by the National
Investor Relations Institute (www.niri.org) and the CFA Institute
(www.cfainstitute.org).
Buyside Magazine has stated that Investrend Research "remains in the
vanguard of both standards and independence." ODwyerPR has cited Investrend
Research as "exceeding the standards of CFAI-NIRI." The CFA Magazine, citing
Investrend and its affiliates as having "strict rules about compensation and
full disclosure," which "should go a long way towards ensuring objectivity,"
said "issuer-paid research is here to stay." Investrend has been cited by the
Dow Jones Newswires, Financial Mail, Shareholder Value, and NIRI's "IR
Update," which stated that Investrend "accomplishes the goal and more."
Investrend's model has been endorsed by the New York Times, former SEC Chair
Arthur Levitt and shareholders themselves, 70.9% of whom said in a survey at
InvestoPedia, that a company that enrolls for "legitimate fee-based research
is making a positive statement about its investment potential." A survey at
Charles Schwab & Co. revealed that 78% of active shareholders now "value
research from independent firms over analysts by Wall Street firms with
financial ties to the companies they are rating."
Enrollment fees for basic Benchmark coverage is $24,800, and the fees are
being paid by Morgan Merchants, a third party.
All independent sponsored research distributed by Investrend Research
Syndicate are enrolled for investor-monitoring by the Shareholders Research
Alliance at www.shareholdersresearch.com.
Complete information about any company enrolled in an Investrend shareholder
empowerment platform, including those of its affiliates and independent
analysts and webcasters, including disclosures and disclaimers, is available
at the company's InvestorPower page at
www.investrend.com/company/list.asp?sPathParam=yes and on each report
and press release, and investors are advised to read those disclosures
carefully before trading in the equities of any enrolled company.
For up-to-the-minute news, features and links click on
www.financialwire.net
FinancialWire is an independent, proprietary news service of Investrend
Information, a division of Investrend Communications, Inc. It is not a press
release service and receives no compensation for its news or opinions. Other
divisions of Investrend, however, provide shareholder empowerment platforms
such as forums, independent research and webcasting. For more information or
to receive the FirstAlert daily summary of news, commentary, research
reports, webcasts, events and conference calls, click on
www.investrend.com/contact.asp
For a free annual report on a company mentioned in the news, please click on
investrend.ar.wilink.com/?level=279
The FinancialWire NewsFeed is now available in multiple formats to your site
or desktop, free. Click on: www.investrend.com/XmlFeeds?level=268
www.financialwire.net
(C) 2006 financialwire.net, Inc. All rights reserved.
*** end of story ***
