Universal Bioenergy Announces NDR Energy Sets New Sales Record, Projects $25.19 Million for First Quarter 2014, Breaks Previo...
March 19 2014 - 10:45AM
Marketwired
Universal Bioenergy Announces NDR Energy Sets New Sales Record,
Projects $25.19 Million for First Quarter 2014, Breaks Previous
Records, Sales Increase 103.22%
IRVINE, CA--(Marketwired - Mar 19, 2014) - Universal Bioenergy
Inc., (OTCQB: UBRG), a publicly traded independent diversified
energy company that markets and distributes natural gas, petroleum,
coal and electricity, announced that its subsidiary NDR Energy
Group, sold an estimated 5.39 billion cubic feet (Bcf) of natural
gas to its customers and set a new record of $25.19 million in
projected sales for the first calendar quarter of 2014. NDR Energy
Group kept pace with the rising demand for natural gas from its
electric utility customers and the increased demand in the energy
services sector, enabling them to break all previous records for
first quarter sales.
The $25.19 million of natural gas sold by NDR Energy Group
represents unprecedented growth and the highest first quarter
calendar sales in the Company's history. The estimated sales of
$25.19 million, exceeds the gross revenues of $12.39 million posted
for the previous first calendar quarter of 2013 by an increase of
103.22%. The estimated 5.39 (Bcf) of natural gas sold for the first
calendar quarter represents a 42.92% increase over the 3.77 (Bcf)
of natural gas sold for the first quarter of 2013.
NDR Energy Group's President and CEO, Ken Harris states, "We
continue to work in a diligent manner to increase sales. Both our
customer and supplier relationships continue to expand. And, we
certainly have laid the foundation for continued success during the
second quarter. Our biggest priorities during the second quarter
will be to increase our margins and bring our power/electricity and
daily transaction verticals into full operation."
Universal Bioenergy is a high growth diversified energy company
that is experiencing double-digit growth. 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.
CONTACT: Media Relations Solomon Ali 704-837-5705 or
Jelani Hill 704-343-2620