Universal Bioenergy Announces NDR Energy Group Signs New Agreement to Supply Natural Gas to $110 Billion U.S. Electric Utilit...
May 05 2014 - 11:20AM
Marketwired
Universal Bioenergy Announces NDR Energy Group Signs New Agreement
to Supply Natural Gas to $110 Billion U.S. Electric Utility Company
Company Expects New Relationship to Generate Higher Revenues and
Earnings
IRVINE, CA--(Marketwired - May 5, 2014) - Universal Bioenergy
Inc. (OTCQB: UBRG), a publicly traded diversified energy
company that markets and distributes natural gas, petroleum, coal
and electricity, announced that its subsidiary NDR Energy
Group signed an agreement to supply natural gas to one of
the top three largest electric power companies in America. The
contract is projected to generate millions of dollars in
additional revenue for the Company from the sales of natural
gas.
The electric utility customer is a Fortune 250 company, traded
on the New York Stock Exchange with over $110 billion in power
generation assets. The Utility is one of the largest electric power
companies in America, supplying and delivering energy to millions
of U.S. customers. The Utility has an electric power and
natural gas distribution service area that covers the
Mid-south, the Midwest, and the Southeastern United States. Its
commercial and international businesses own and operate diverse
power generation assets in North America and Latin America.
Universal Bioenergy's President Vince M Guest says, "We recently
announced that NDR Energy Group signed a contract with one of the
largest independent oil and natural gas exploration and production
companies in the world that operates in 30 countries worldwide and
reported over $58.24 billion in revenues. Now we established a new
partnership to supply natural gas to a $110 billion electric
utility company; one of the largest in America. This is an
outstanding accomplishment for the NDR Energy Group staff,
including NDR's President, Ken Harris and Rickey Hart, its Vice
President of Business Development for developing this relationship
and successfully closing yet another great transaction. The
agreement limits us from disclosing the customer's name and some
details. This relationship solidifies more growth for our Company
and provides a greater foundation for increased earnings and
profits."
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
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.
Media Relations: Solomon Ali 704-837-5705