Universal Bioenergy - NDR Energy Announces New Electric Power Division to
Begin Sales of Electric Power
Universal Forecasts Sales of $96 to $386 Million in Electric Power
IRVINE, Calif., Feb. 14, 2013 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc.,
(OTCMarkets:UBRG), a publicly traded independent diversified energy company,
announced today that its subsidiary NDR Energy Group's new Electric Power
Division is now fully operational and is preparing to start marketing electric
power. On February 12, 2013, the Company announced NDR Energy received final
approval for its "Power Marketing License" from the Federal Energy Regulatory
Commission (FERC). With that approval NDR Energy could begin selling electric
power immediately. Universal Bioenergy, forecasts that the sales of
electricity is projected to generate an estimated $96 to $384 million in
additional revenue for the Company.
The Electric Power Division will market and distribute wholesale electric
power to its current electric utility customer base, and retail power to its
expanding customer base which will include federal and state agencies, U.S.
military, cities, municipalities and large commercial and industrial
companies. NDR Energy Group will be able to offer integrated energy solutions
that will assist its growing customer base to buy, manage and use electricity
and natural gas.
NDR Energy Group's President, Ken Harris says, "I'm very excited to announce
that with the approval of the FERC Power Marketers License, NDR Energy's
Electric Power Division could begin selling electric power within thirty days
to our customers. Our sales team is prepared to engage in the marketing and
sales of electric power to some of the largest utility companies in the
country. Based on our preliminary forecasts, we believe we could initially
sell an estimated 100,000 MW per month, and that could later increase to an
estimated 300,000, to 400,000 MW per month. Electric power prices are
presently in the range of $60 to $80 per MW. This division will allow us to
diversify our energy product offerings and provide us with a foundation to
rapidly accelerate our growth and increase our margins.NDR signed a Master
Power Purchase and Sale Agreement with an electric power company to purchase
wholesale electric power. We are in contractnegotiations with twoof the
largest electric power utilities on the west coast to sell them electricity.
We are working to consummate those agreements to begin our power sales. The
Electric Power Division is fully operational and ready to sell power."
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 andpropane. 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 lookingstatements, whether as a result of new information,
future events or otherwise, except to the extent legally required.
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