Universal Bioenergy Announces Plans to Expand Company and Build Major Independent Energy Company
April 21 2014 - 10:45AM
Marketwired
Universal Bioenergy Announces Plans to Expand Company and Build
Major Independent Energy Company
High-Growth Company Continues to Break Sales Records and Grows
at 10% to 25% Annually
IRVINE, CA--(Marketwired - Apr 21, 2014) - Universal Bioenergy
Inc., (OTCQB: UBRG), a publicly traded independent diversified
energy company that markets and distributes natural gas, petroleum,
coal and electricity, announced it is planning to continue its
efforts to build a major diversified next generation energy
company. Universal Bioenergy intends to propel the company to
a dominant market position and be one of the top independent energy
companies in the United States. The Company continues to build at a
rapid growth rate and has aggressive plans to grow itself into
a major company through internal growth and mergers and
acquisitions.
The Company's primary business is the production, marketing and
sales of natural gas, propane, coal, petroleum, liquefied natural
gas (LNG), refined petroleum products including jet fuel
(JP-54 and Jet A-1), D2 Diesel Fuel and electricity. Through
its subsidiary, NDR Energy Group LLC, it has contracts to sell
natural gas to 31 of the largest public utilities, electric power
producers and local gas distribution companies that serve millions
of commercial, industrial and residential customers throughout the
United States.
To keep pace with the rising demand in the energy services
sector, the Company set a new record of $25.19 million in projected
sales for the first calendar quarter of 2014, enabling them to
break all previous records for first quarter sales.
Universal Bioenergy plans to take advantage of changes in
the energy industry to drive the company to a major market
position and be one of the largest diversified independent energy
companies in the country. Universal Bioenergy's history and future
growth prospects is solid and based upon the following profile:
COMPANY PROFILE Sector: Energy Sub-Industry: Oil, Gas and Coal;
production, marketing and distribution Products: Petroleum, Natural
Gas, Thermal Coal, Propane, Refined Petroleum Products and
Electricity Growth Profile: High Growth of 10% to 25% annually
Geography: National and International Customers: 31 major electric
utility customers for natural gas distribution, and power
generation Suppliers: Among the largest gas explorers and
producers in the world OTC Markets Group Exchange: Trading Symbol -
"UBRG" Authorized Shares: 3 Billion Outstanding Shares:
2,833,340,081 Subsidiaries: NDR Energy Group; Texas Gulf Oil
& Gas; Whitesburg Friday Branch Mine Reporting
Status: Registered and fully reporting with the U.S.
Securities and Exchange Commission
Highlights and Facts About Universal
- Universal is a high growth Company experiencing double
digit growth of 10% to 25% annually
- Universal reported revenues of $60.22 million for fiscal
year ended June 30, 2013 (audited)
- Diversified energy portfolio of natural gas,
petroleum, thermal coal electricity and propane
- Successful completion and integration of recent mergers
and acquisitions
- Plans to build major energy company in the next 2 to 3 years
through mergers and acquisitions
- Seasoned management with Fortune 500 backgrounds and solid
mergers and acquisitions experience
- Successful completion and integration of recent mergers
and acquisitions
- On April 17, 2014, the Company announced major plans
to increase shareholder value and investor returns
- On April 15, 2014, the Company announced NDR Energy Group
plans to engage in full operations with one of world's largest
producers of natural gas
- On April 14, 2014, Universal announced it is in final
contract negotiations for joint venture to access global
energy markets to trade over $100 million in energy
futures contracts
- On March 31, 2014, NDR Energy Group estimates record
natural gas sales of $8.6 million for April 2014
- On March 28, 2014, NDR Energy executives complete meetings
in Houston with two of world's largest oil & gas producers
and the parties agree to enter into major gas supply
contract
- On March 24, 2014, NDR Energy Group was awarded a new
contract and sells a record $6.2 million in gas prior to
official start of bid week gas trading
- On March 20, 2014, Universal announces it is in talks for
a joint venture for a contract to sell 2 million barrels of
crude oil in a deal valued at $200 million
- On March 19, 2014, NDR Energy sets a new sales record and
projects $25.19 million for first quarter 2014. NDR breaks
previous records and sales increase 103.22%
- On March 12, 2014, Universal Bioenergy announces it is in
talks for joint venture for energy contracts and forecasts
profits of $20 million
- On March 11, 2014, NDR Energy Group announces launch of a
new division for daily gas sales to increase profits and meet
the growing demand from its customers
- On March 7, 2014, NDR Energy Group projects record sales
of natural gas for March 2014 and sales jump 318% to $12.13
million
- On March 6, 2014, Universal Bioenergy announced its
preliminary fiscal second quarter financial results. Its sales
were up 12.78% to $32.57 million and expenses are
down 53.00%
- On November 6, 2013, Universal Bioenergy announced its
fiscal 2013 financial and operating results with revenues of
$60.21 million
- On October 28, 2013, Universal Bioenergy announced its
November sales were up 108% and jumped to
$9.78 million
- In October 2013, NDR Energy was awarded a $11.38 million
contract to supply gas to a major west coast
utility
- In September 2013, NDR Energy signed a contract to
supply a major electric power electric utility in southern
California
Universal's President Vince M. Guest states, "We remain very
positive about the future prospects of the Company. We are still
experiencing double-digit growth and believe we will remain on that
course and that profitability is clearly in sight. Our dedicated
management team at Universal Bioenergy and NDR Energy Group has
produced the fine results that we have achieved, and we could not
have accomplished all of this without their help and support. As we
continue to grow, two major objectives for us is to create solid
earnings for the Company and increase the wealth of our
shareholders."
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