Continental Fuels Receives Advance Payment for 12,000 Barrel Sale - Utilizes New Receivables Financing on 25,000 Barrel Sale.

PORT OF BROWNSVILLE, Texas -- Continental Fuels, Inc. (OTCBB:CFUL)(FWB:CNDI)(GER:CNDI)(BCN:CNDI) has applied its 25,000 barrel sale to its receivable financing facility and will this week receive advance payment from its customer for the 12,000 barrels of condensate it delivered last week. As a result of these newly negotiated arrangements, Continental will receive immediate payment on a large portion of its invoices, in this case over $1.5 million of more than $2.2 million total due. These immediate payments will be utilized to continue expansion of its supply of North American light crude condensate and pursuit of other aspects of its business plan. The remaining outstanding amounts will be paid pursuant to standard payment terms.

"We are excited to see the process working as expected," explained Tim Brink, CEO of Continental. "We are utilizing both the receivable financing and the advances to replenish our inventories of condensate. As a result, we are turning over our inventories much faster than before, with less capital," added Mr. Brink.

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.

Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.