Universal Bioenergy Announces Sales of $10.30 Million in December 2011
January 20 2012 - 7:30AM
Universal Bioenergy Inc., (OTCMarkets:UBRG), a publicly traded
independent diversified energy company, announced that it
generated revenue of approximately $10.30 million for the month of
December 2011. The sales were primarily from its subsidiary NDR
Energy Group, which sold over $10.30 million in natural gas, and
sales volume of over 2.99 billion cubic feet (Bcf) of natural gas
for the month of December. The natural gas was sold to only 4
of its current 28 major electric utility customers for that month.
Universal Bioenergy is a high growth company, that continues to
grow at double digit rates. It generated over $49.90 million in
revenues for the nine months ended September 30, 2011. Through its
subsidiary, NDR Energy Group, it sells natural gas to 28 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's President Vince M. Guest states, "We're very pleased
with the sales for the month of December, as we continue to build
strong sales momentum. To put this into perspective, the
$10.30 million in revenue for the single month of December 2011,
represents about 25% of the $41.32 million in revenue that we
generated for the entire year of 2010. The high sales were due to
the demand for natural gas from utility our customers based on our
futures contracts, which allowed us to sell gas at a range of $3.29
to $3.76 per mcf or MMBtu, and the hard work of NDR Energy's Vice
President of Business Development, Rickey Hart. We feel this
should have a positive effect on our revenues for the entire year
of 2011, and create more value for our shareholders."
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 www.universalbioenergy.com
The Universal Bioenergy Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6784
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 required.
CONTACT: Media Relations:
Solomon Ali
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