Universal Bioenergy in Talks With Major Japanese Manufacturing Company to Sell Them LNG
May 19 2014 - 1:15PM
Marketwired
Universal Bioenergy in Talks With Major Japanese Manufacturing
Company to Sell Them LNG
IRVINE, CA--(Marketwired - May 19, 2014) - Universal
Bioenergy Inc., (OTCQB: UBRG), a publicly traded independent
diversified energy company, that markets natural gas, petroleum and
coal, is in talks with a major manufacturing company in Japan
to sell them large supplies of Liquefied natural gas (LNG).
Universal Bioenergy plans to sell the Japanese company, large
supplies of LNG for use in power generation and in their
manufacturing processes. The Company will be procuring the LNG from
producers and refiners in the global energy market to supply the
product to the companies in Japan and other countries in Asia.
The Company sees huge long-term growth prospects in the global
demand for Liquefied Natural Gas (LNG), as many countries have a
greater need for power. Liquefied natural gas (LNG) provides a
cost-effective means for transporting natural gas overseas by
super-cooling it to a liquid form. According to one source, the
global demand for LNG is expected to increase by more than 50
percent by 2030. The Company intends to market and sell refined
petroleum based energy products including diesel fuel, jet fuel and
LNG to generate greater sales revenues and higher profit margins. A
key focus will be on the sales of Liquefied Natural Gas (LNG).
Universal's Senior Vice President Solomon Ali states, "We have
been working for several months to develop strong
relationships with several companies in Japan to supply them with
LNG, coal and other refined petroleum based energy products, as we
expand internationally. The sale of these products are being
marketed through our Energy Products division. Our Director of
Business Development for the Pacific Rim who has extensive
experience in doing business in Japan, is spearheading these
efforts to help us compete in that energy market. The transaction,
if completed, is projected to generate strong revenues and profits
for the Company."
Universal Bioenergy is a high growth diversified energy company
that is experiencing double-digit growth, and reported sales of
over $60.22 million in its Annual Report for 2013. NDR Energy
Group, a subsidiary of Universal Bioenergy, has contracts to supply
natural gas to 32 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 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