Universal Bioenergy Plans to Launch International Coal Division for Export to
IRVINE, Calif., Feb. 22, 2013 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc.,
(OTCMarkets:UBRG), a publicly traded independent diversified energy company
that markets and distributes natural gas, electric power, and coal, in its
plans for growth and expansion, announced that it is planning to establish a
new division that will focus on the sales of coal for export to the
international market, to generate millions in additional revenues, higher
margins and potential profits.
The new division will take advantage of the growing demand for coal in
countries whose economies and infrastructure are experiencing high
growth,have a greater demand for energy, electric power and coal to produce
electricity and to manufacture steel. These countries include China, India,
South Korea, Mexico and some European countries, including Germany, England,
Ireland and Poland. Executives of Universal Bioenergy have engaged in direct
meetings with representatives of the U.S. Department of Commerce in Irvine,
California to assist the Company in its efforts to export coal and other
energy products to the international market. The Company will also be working
withthe U.S. Department of Commerce's offices in those targeted countries to
facilitate the export of energy products to companies in those countries.
According to the U.S Energy Information Administration, the United States
holds the world's largest estimated recoverable reserves of coal and is a net
exporter of coal. The International Energy Agency (IEA) in its Medium-Term
Coal Market Report 2012, forecastthat Coal's share of the global energy mix
continues to rise, and by 2017 coal will come close to surpassing oil as the
world's top energy source.
Vince M. Guest, Universal's President states, "We are very excited about our
plans to establish our international coal sales division. We have already
established domestic and international relationships with a network of coal
buyers, brokers, traders, transportation and shipping companies to arrange for
the export of coal. We have also established contacts with several Embassies
and Consulates in those targeted countries to arrange for the export of coal
and other energy products to meet their growing demands. We believe this
should bring millions in additional revenues, higher margins and potential
profits for the company."
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.
CONTACT: For inquiries contact:
Media Relations: Solomon Ali at 704-837-5705
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