Universal Bioenergy Announces NDR Energy Group's Sales of Natural Gas Jumps
35.45%, to $28.15 Million
IRVINE, Calif., June 13, 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,
announcedthat its subsidiary, NDR Energy Group, sold an estimated8.44
billion cubic feet (Bcf) of natural gas for the first six months of this year.
The estimated sales of natural gas is expected to generate a projected $28.15
million in revenues for the period ending June 2013, which is a 35.45%
increase over the $20.78 million in revenue generated in gas sales for the
same period in 2012. This should help propel the Company's drivetoward
stronger sales and earnings this year.
The 8.44 (Bcf) of estimated sales of gas sold from January through June 2013,
represents a 4.67% increase, or 0.376 billion cubic feet (Bcf), over the 8.069
(Bcf) of gas sold during the same period in 2012. The estimated volume of
natural gas sold by NDR Energy for this period is one of the highest in NDR
Universal Bioenergy is a high growth diversified energy company. Through its
subsidiary, NDR Energy Group, it has contracts to sell 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.
Universal Bioenergy's Senior Vice President, Solomon Ali says, "We are very
excited about the 35.45%increase in the sales of natural gas from NDR Energy
so far this year. There now appears to be a greater degree of upturnin the
industry in terms of demand and price, as compared to last year. NDR Energy
has broken new sales records in terms of gas volume for the months of April
and June this year alone. We anticipate continued sales increases throughout
the rest of this year. We are very confident about our long-term plans for the
future, not only for increased sales of natural gas, but our aggressive
marketing efforts for significant sales of wholesale electricity, solar
energy,international coal sales, petroleum and more strategic acquisitions.
We believe this will bring greater value to our shareholders."
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
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