UPDA Operators Executes New Transportation and Oil and Gas Sales Agreements.

DALLAS -- During this past week, UPDA Operators, Inc., a subsidiary of Universal Property Development and Acquisition Corporation (OTCBB:UPDA)(FWB:UP1)(BCN:UP1)(GER:UP1)(MUN:UP1)(STU:UP1) executed new agreements for the sale and transportation of the natural gas and crude oil produced by the oil and gas wells of UPDA's Catlin and Canyon Creek subsidiaries.

In its agreement with Texas Energy Management, Inc. (www.temlc.com), UPDA Operators is guaranteed a minimum return of 98% of the amount generated from gas sales, a significant increase from its previous agreement with Enbridge (NYSE: ENB) (www.enbridge.com), who will continue to transport the gas through its Enbridge Energy Partners Natural Gas Pipeline. This guarantee increases as production continues to rise and, contrary to previous agreements, requires Texas Energy Management to obtain the maximum price for all gas sold.

The new crude oil sales agreement with GEER Tank Trucks (www.geertanktrucks.com) pays UPDA 100% of the posted price for West Texas Crude and provides UPDA with additional production point premiums as it continues to generate more oil.

"With these new agreements, UPDA will now realize a far greater return for its production while streamlining its accounting and management processes," reports UPDA Vice President Chris McCauley. "The management of UPDA Operators continues to improve its field management efficiencies while establishing strong relationships with vendors committed to the success of UPDA."

About UPDA

Universal Property Development and Acquisition Corporation (OTC BB: 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.