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Universal Property Development and Acquisition Rated 'Speculative Buy' Target Price $.16 by Beacon Equity Research

7:00a ET December 20, 2007 (Business Wire)

Universal Property Development and Acquisition (OTCBB: UPDA) has been rated Speculative Buy with a price target of $.16 by Beacon Equity Research Analyst, Lisa Springer, CFA.

The full report is available at Beacon Equity Research - Home.

Anyone interested in receiving alerts regarding Universal Property Development and Acquisition research should email members@beaconequityresearch.com with "UPDA" in the subject line.

In the report, the analyst writes, "Universal Property Development and Acquisition Corporation (UPDA) is engaged in exploration, development, production, storage, distribution, and blending of oil and natural gas. UPDA operates as a holding company, where it owns the controlling interest, which provides funding to develop proven energy reserves and cutting edge technologies. Through this business model, UPDA is able to better expand its portfolio of assets and broaden its base of knowledge and experience."

Other companies in the energy sector include Noble Energy Inc. (NYSE: NBL), Baseline Oil and Gas (OTCBB: BOGA), Abraxas Petroleum Corp. (AMEX: ABP), and PetroSearch Energy Corp. (OTCBB: PTSG)

Beacon Equity Research Disclosure

The analysts contributing to this report do not hold any shares of Universal Property Development and Acquisition (UPDA) Additionally the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research ("Beacon") certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. BER and its affiliates have been compensated seven thousand five hundred dollars from a non-controlling third party for enrollment of UPDA in this research program. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.