Universal Bioenergy Inc., an alternative energy company, signed a letter of intent to acquire Norcor Technologies Corporation, an energy technology company.

The acquisition enables Universal Bioenergy to market biofuels, transportation fuels and energy services, to Norcor's customer base and marketing channels and further integrate its strategy for growth and expansion.

Norcor is engaged in selling biodiesel, transportation fuels, energy services and facility energy efficiency retrofits to the health care industry, military facilities, and the U.S. Department of Transportation.

The company will determine the final terms and conditions of the acquisition in the definitive agreement, which is subject to, due diligence by Universal Bioenergy, standard regulatory approvals, and other conditions and approvals by both companies' management and board of directors.

* Indicates Mandatory