Universal Bioenergy Announces NDR Energy Group Awarded New Contract, Sells Record $6.2 Million in Gas Prior to Official Start...
March 24 2014 - 2:10PM
Marketwired
Universal Bioenergy Announces NDR Energy Group Awarded New
Contract, Sells Record $6.2 Million in Gas Prior to Official Start
of Bid Week Gas Trading
NDR Breaks Its Previous April Sales Mark With Early Transactions
to West Coast Utilities
IRVINE, CA--(Marketwired - Mar 24, 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, was awarded several multi-million dollar contracts to
supply natural gas to two of the largest gas and electric
utility companies in the western United States. NDR Energy Group
already sold an estimated $6.2 million in natural gas for the month
of April, prior to the start of the official April natural gas
bid-week trading.
Preliminary estimates indicate that NDR Energy Group has set a
new record and exceeded its previous early month sales marks of
natural gas for the month of April with transactions to its
west coast customers. NDR's estimated gross sales for the month of
April of 2014, already represent the largest April sales total in
company history. NDR Energy Group is selling more natural gas in
the market place to its electric utility customers and distributors
due to the rising demand for natural gas.
NDR Energy Group's President and CEO, Ken Harris, stated, "We
continue to experience significant sales growth with our West
Coast utility customers. And, we are extremely excited
about our increased ability to service those clients following our
meetings with multiple producer/supplier partners in Houston. We
also continue to be focused on our growth in the Mid-West and in
the East. I am hopeful that we will consummate transactions with
our customers in both of those geographic regions as we close out
our April productivity over the next few days. These continue to be
very active and exciting times for our company."
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
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