Universal Bioenergy Announces NDR Energy Group Projects Record Sales of Natural Gas for March 2014, Sales Jump 318% to $12.13...
March 07 2014 - 1:25PM
Marketwired
Universal Bioenergy Announces NDR Energy Group Projects Record
Sales of Natural Gas for March 2014, Sales Jump 318% to $12.13
Million, Volume 2.45 Bcf
IRVINE, CA--(Marketwired - Mar 7, 2014) - Universal Bioenergy
Inc. (OTCQB: UBRG), a publicly traded independent diversified
energy company that markets and distributes natural gas, propane,
petroleum and coal, announced that its subsidiary NDR Energy
Group, sold an estimated 2.45 billion cubic feet (Bcf) of natural
gas to its customers, and set a new sales record for March
2014.
The 2.45 (Bcf) of natural gas sold by NDR Energy Group is, the
highest in the Company's history for the month of March, and is
projected to generate an estimated $12.13 million in gross revenues
for March for NDR Energy Group. The estimated sales of $12.13
million, exceeds the combined gross revenues for the past four
March sales periods at NDR Energy. The $12.13 million in estimated
sales for March 2014 is over three times or equals 318% of the
$3,809,176 in gross sales that NDR Energy posted in March of
2013.
NDR Energy Group's President and CEO, Ken Harris, stated, "We
posted staggering numbers for March. In fact, I believe that our
sales for March represent the second highest monthly sales total in
the Company's history. I continue to be pleased with the diversity
of suppliers that we are using. Our suppliers are some of the
largest producers of natural gas in the US. They continue to work
diligently to make sure that we are able to meet the requirements
of our customers at various delivery points across the US. I am
also pleased with the net revenues related to our recent deals as
we were able to complete a number of transactions this month with
elevated margins. These developments illustrate our growing
strength as a national marketer and the evolving nature of our
relationships with both our suppliers and customers."
Universal Bioenergy is a high growth diversified energy
company. NDR Energy Group, a subsidiary of Universal
Bioenergy, sells natural gas to many of the largest public
utilities, electric power producers and local gas distribution
companies that serve millions of commercial, industrial and
residential customer in the United States.
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.
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.
For inquiries contact: Media Relations: Solomon Ali
704-837-5705