Universal Bioenergy Announces Major Gas Utility Awards Natural Gas Supply
Contract to NDR Energy
IRVINE, Calif., June 4, 2013 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc.,
(OTCQB:UBRG), a publicly traded independent diversified energy company, that
markets and distributes natural gas, electricity, petroleum and coal,
announced that its subsidiary, NDR Energy Group was awarded a contract to
supplynatural gasto a major utility customer. The contract is projected to
generate severalmillion dollars in additional revenue.
The contract was awarded by one of the largest electric andnatural gas
distribution utilities in the Mid-West. According to the parent company, it is
one of the largest investor owned utilities in the nation, provides natural
gas and electric service to approximately 2.4 million electric customers and
more than 900,000 natural gas customers. Its parent company, traded on the
NYSE,reported revenues of $6.8 billion in its 2012 Annual Report.
Universal Bioenergy's President, Vince M. Guest says, "We're very excited
about the award of this new contract as it demonstrates the continued progress
of our Company. Our agreement with the customer limits us from disclosing
theirname and some details. NDR Energy's marketing team continues to make
more advances in obtaining more contract awards to sell natural gas. We expect
to continue to grow our sales presence in a wide range of markets across the
country. Additionally, we believe our revenuesthis year from the sale of
natural gas, coal and electricity are expected to grow and be very strong. As
the natural gas market continues to rebound, we anticipate that NDR Energy
Group will reach new highs in terms ofnatural gas sales in the coming months.
We are also making fine progress with our international coal and electric
divisions and believe these will add significantly to our revenues and profits
AboutUniversal Bioenergy Inc.
Founded in 2004, Universal Bioenergy Inc., is a publicly traded independent
diversified energy company that produces and markets natural gas, electricity,
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
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: Media Relations:
Solomon Ali at 704-837-5705
Press spacebar to pause and continue. Press esc to stop.