NDR Energy Group Estimates Record Natural Gas Sales of $8.6 Million for April 2014
March 31 2014 - 2:16PM
Marketwired
NDR Energy Group Estimates Record Natural Gas Sales of $8.6 Million
for April 2014
Final Estimates Show Substantial Increase Over Gas Sales of $5.9
Million in April 2013
CHARLOTTE, NC--(Marketwired
- March 31, 2014) - NDR Energy Group, a subsidiary of
Universal Bioenergy Inc. (OTCQB:
UBRG), (a publicly traded independent diversified energy
company that markets and distributes natural gas, propane,
petroleum and coal) announced estimates that show that they have
sold over 1.93 billion cubic feet (Bcf) of natural gas to its
customers for April 2014. The volume of natural gas sold by NDR
Energy is, by far, the highest in the Company's history for the
month of April. And, NDR's anticipated gross revenues for April
2014, totaling an estimated $8.6 million, substantially exceed the
sales total for any April period in company history. NDR posted
gross sales of $5.9 million for April of 2013.
NDR Energy Group's President and CEO, Ken Harris, stated "We had
a fantastic start this month as we sold a substantial amount of
natural gas to our West coast customers prior to the start of bid
week. We followed up that west coast effort with bid week sales to
a large utility customer in Illinois and sales to one of our
largest customers in the Mid-Atlantic region. We are exhibiting
continued strength in our ability to market gas to utilities across
the US. Our growing relationships with huge suppliers will only
enhance that capability. Our natural gas division is rapidly
growing in strength. And, we had a near miss this month concerning
a power/electricity sale to one of our west coast utility partners.
We are dedicated to bringing the power/electricity division
operational in the coming months. With both verticals operational,
we should see a hefty increase in both our volumes and
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 in the United
States. About Universal Bioenergy Inc. Founded in 2004, Universal
Bioenergy Inc., is a publicly traded independent diversified energy
company. For more information visit www.universalbioenergy.com.
Safe Harbor Statement 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.
The following files are available for download:
525 N Tryon St #1600, Charlotte, NC 28202Media Relations:Jelani
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