UPDA Continues Refinement of its Aggressive Growth Strategy - Sets Focus on Expanding Oil and Gas Production, Development and Distribution of Fuel Blends and Acquisition of Alternative Energy Technologies.

JUNO BEACH, Fla. -- With the continuing success of its well rehabilitation program, the increasing number of wells on line and the addition of new leases under the management of its subsidiary UPDA Operators Inc., coupled with the growing success of the refined product blending program, Universal Property Development and Acquisition Corporation (OTCBB:UPDA) (UP1.F, UP1.BE, UP1.DE, UP1.MU, UP1.SG) is moving forward to position itself as an energy company with expanding ambitions in exploration and production, well services, blending and trading and alternative energies.

Over the past several months, UPDA invested considerable resources in the development of blended gasoline products and was successful in formulating 87 octane and 93 octane blends suitable for the US market as well as foreign markets. UPDA is able to produce and sell these refined products at costs and prices below those of the so-called major oil companies. This presents a tremendous opportunity for UPDA's blending and trading subsidiaries to expand in the wholesale and retail markets.

The most important element of UPDA's strategy is the creation of its own unique brand of fuels to compete with the major oil companies. This strategy will result in the ownership of storage facilities where these subsidiaries can blend and distribute competitively priced gasoline to wholesalers and retailers. The potential for growth in this field is enormous and UPDA has built a team of capable professionals that includes branding and franchising managers as well as financing, investment and divestment personnel.

UPDA's growth strategy will focus on four areas. First, UPDA's asset ownership subsidiaries will increase the number of leases and wells that are managed by UPDA Operators and initiate a drilling program on their existing leases and their newly acquired leases. Second, Ambient Wells Services is moving forward with its well services business to include third party contracts. Third, the UPDA Texas Trading and US Petroleum Depot subsidiaries will launch a unique brand of blended stock as a new gasoline for the US and international markets. And finally, UPDA is actively considering opportunities with alternative energy companies and will soon incorporate a division for that purpose.

UPDA's ultimate goal is to build a great company with a focus on energy and to build shareholders' equity and value. If one division can potentially enhance shareholders' value as a stand alone business, the board will act swiftly to accomplish that enhancement.

UPDA's continued expansion, development and progress will be reported together with all well production at www.universalpropertydevelopment.com.

About UPDA

Universal Property Development and Acquisition Corporation (OTCBB: UPDA) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies.

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.