Universal Bioenergy Forecast Sales of $275 Million in Natural Gas, Coal and
IRVINE, Calif., Dec. 6, 2012 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc.,
(OTCMarkets:UBRG), a publicly traded independent diversified energy company,
announced that it is forecasting its sales to increase to over $275 million in
the next twelve to eighteen months. The forecasted increase in sales is
expected to come from the sales of natural gas through NDR Energy's electric
utility customers, commercial and industrial division, electric power sales,
new joint venture partners and sales of thermal steam coal from the Whitesburg
Friday Branch Mine to the global energy markets.
The Company anticipates increasing sales of its energy products to its
expanding customer base, and gaining a greater market share in all of the
energy markets that it serves. Universal Bioenergy is rapidly growing at
double digit rates, and achieved sales of over $71.74 million in 2011. Through
NDR Energy Group, its subsidiary, it sells natural gas to 30 of the largest
public utilities, electric power producers and local gas distribution
companies that serve millions of commercial, industrial and residential
customers throughout the country.
Vince M. Guest, Universal's President, says, "We feel very positive about the
sales forecasts in the next 12 to 18 months. The actual sales could be much
higher if we were to factor in sales from gas storage, refined energy products
and sales of petroleum. We are still looking at a number of other acquisition
targets that will also add substantially to our revenue. We will provide more
information on these products sales and acquisitions and the relative earnings
forecasts in the near future. We believe this should have a very strong impact
on the Company's future growth and expansion."
AboutUniversal Bioenergy Inc.
Founded in 2004, Universal Bioenergy Inc., is a publicly traded independent
diversified energy company that produces and markets natural gas, petroleum,
coal and propane. We market energy resources to the largest public utilities,
electric power producers and local gas distribution companies in the U.S.,
that serve millions of commercial, industrial and residential customers. We
are also engaged in the acquisition and development of existing or recently
discovered oil and gas fields, leases and surface coal mines. For more
information visit www.universalbioenergy.com
The Universal Bioenergy Inc. logo is available at
Safe Harbor Statement - There are matters discussed in this media information
that are forward looking statements within the meaning of Rule 175 under the
Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of
1934, and are subject to the safe harbor created by those rules. Such
statements are only forecasts and actual events or results may differ
materially from those discussed. For a discussion of important factors which
could cause actual results to differ from the forward looking statements,
refer to Universal Bioenergy Inc.'s most recent annual report and accounts and
other SEC filings. The company undertakes no obligation to update publicly, or
revise, forward looking statements, whether as a result of new information,
future events or otherwise, except to the extent legally required.
CONTACT: Media Relations: Solomon Ali at 949-559-5017
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