Universal Bioenergy Announces NDR Energy Signs Contract to Sell Electric Power
to Major Electric Utility
Forecasts Sales of $96 to $384 Million in Electricity
IRVINE, CA -- (Marketwired) -- 09/27/13 -- Universal Bioenergy Inc.,
(OTCQB: UBRG), a publicly traded independent diversified energy
company, announced today that its subsidiary NDR Energy Group signed
an agreement to supply electric power to one of the largest electric
power utilities on the west coast. The new Customer is a public
utility that provides energy service to 3.4 million people. The
Customer's parent company is a Fortune 500 energy services company
that provides electricity and natural gas services, and reported
revenues of approximately $10 billion in 2012.
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 this new contract, the Electric
Power Division will now begin to market electric power. Universal
Bioenergy forecasts the sales of electricity could generate an
estimated $96 to $384 million in additional annual revenue for the
NDR Energy Group's Electric Power Division intends to market
wholesale electric power to its electric utility customer base, and
retail power to its expanding customer base which may include federal
and state agencies, U.S. military, municipalities and large
commercial and industrial companies.
NDR Energy Group's President, Ken Harris says, "This is one of the
most significant developments in NDR history. In February 2013, NDR
received its FERC license. We immediately initiated relationships
with large power/electricity producers. Today, we entered into our
first Master Power Purchase and Sale Agreement with a major utility.
Now, power/electricity sales will be a point of emphasis for NDR
during the upcoming quarter and in the foreseeable future. We are
experiencing substantial growth concerning our natural gas division.
However, we now add to that strong vertical the opportunity for
increased margins and huge sales volume in our power/electricity
division. I applaud our marketing and operations team members Debra
Lynch and Gina Roy for their diligent efforts in working on this
transaction. These continue to be remarkable times for our Company.
Additionally, I am pleased that we now have power/electricity sales
as a huge complement to our traditionally strong natural gas
Universal's President Vince M. Guest says, "We're very excited about
this new electric power contract, which we believe is just one of
many more to follow. The electric power division provides us with
just the right foundation we need to greatly increase our revenues
and profit margins. The sales of electric power, coal and LNG are
part of our new business model to rapidly expand the Company and
bring more value to our shareholders. We believe this is a monumental
step in our efforts to be one of the largest independent diversified
energy companies in the U.S."
About Universal 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
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
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