Universal Bioenergy's NDR Energy Group Plans to Engage in Full Operations With One of World's Largest Producers of Natural Ga...
April 15 2014 - 3:05PM
Marketwired
Universal Bioenergy's NDR Energy Group Plans to Engage in Full
Operations With One of World's Largest Producers of Natural Gas to
Fuel Its Sales and Profits
New Supplier Relationship Will Greatly Enhance NDR's
Capabilities as a National Marketer of Natural Gas to Meet the
Demands of Its Utility Customers Nationwide
IRVINE, CA--(Marketwired - Apr 15, 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, is preparing to in engage in full operations in
its new relationship with one of the largest natural gas producers
in the world.
During the week of March 21, 2014, senior executives of NDR
Energy Group met in Houston, Texas in a series of high-level
meetings with some of the largest oil, natural gas and energy
companies in the world. As a result of those strategic meetings,
NDR Energy Group established a relationship with one of the largest
independent oil and natural gas exploration and production
companies in the world. The public company operates in 30 countries
worldwide and reported over $58.24 billion in revenues in its
Annual Report.
Although NDR Energy Group has operated with a strong slate of
natural gas suppliers in building its current customer base, these
new relationships give NDR Energy a comprehensive nationwide supply
resource of natural gas. NDR is now able to reach most, if not all
of the critical natural gas delivery points in the United
States.
NDR Energy Group's President and CEO, Ken Harris, stated, "We
came out of our recent Houston meetings with new supplier
relationships with two of the largest natural gas producers in the
world. We wanted these relationships to become fully operational as
soon as possible to the benefit of our many utility customers
across the United States. I am pleased to announce that we are in
the process of executing the final agreements related to bringing
one of those relationships fully operational. We will likely,
complete that process this week. Additionally, I anticipate that we
will be using one of these new producers as we respond to the huge
natural gas sales opportunities that we have recently received.
This is a major step for NDR as we are now able to address the many
needs of our customers across the US regardless of delivery points
or requested volumes."
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 customers 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