Universal Bioenergy Announces NDR Energy Group Launches New Division for Daily Gas Sales to Increase Profits & Meet Growing D...
March 11 2014 - 7:45AM
Marketwired
Universal Bioenergy Announces NDR Energy Group Launches New
Division for Daily Gas Sales to Increase Profits and Meet Growing
Demand From Its Customers
IRVINE, CA--(Marketwired - Mar 11, 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,
has established a new division to expand into the sales of natural
gas sales in the spot market and daily and weekly gas sales. This
expansion into the spot market and daily sales of natural gas is
projected to have a major impact on the gross margins and earnings
of the Company as it moves forward in its drive towards
profitability.
For many years, NDR Energy has sold base load or term gas
transactions of one to six months contracts, to some of the largest
utilities and end users in the United States. The daily spot market
for the sales of natural gas is very active, and trading can occur
24 hours a day, seven days a week, which could generate significant
earnings for the Company. The gross margins in the spot market can
be in the range of $0.05 to $0.25 or more, and sometimes as large
as $3.00 to $8.00 or more per mcf for gas, based on the seasonality
of the gas sales.
NDR Energy Group is projected to generate an estimated $12.13
million in gross revenues for March. 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 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, "For
many months, many of our utility customers across the country have
requested that we initiate daily gas sales to supplement our base
load relationships. Newer potential customers would like to
emphasize purchasing daily gas from NDR. Our Vice President of
Business Development, Rickey Hart has marshalled and cultivated
these growing requests. Although implementing a daily gas division
will increase the complexity of our operations, selling daily gas
will, likely, substantially increase our volumes and greatly
enhance our margins."
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
For inquiries contact: Media Relations: Solomon Ali at
704-837-5705 or
Jelani Hill 704-343-2620
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 Jelani
Hill 704-343-2620