Universal Bioenergy Announces November Sales Up 108% -- Sales Jump to $9.78 Million
October 28 2013 - 1:37PM
Marketwired
Universal Bioenergy Announces November Sales Up 108% -- Sales Jump
to $9.78 Million
NDR Energy Group Sells 2.63 Bcf of Natural Gas for November --
Volume Up 99.81%
IRVINE, CA--(Marketwired - Oct 28, 2013) - Universal Bioenergy
Inc. (OTCQB: UBRG), a publicly traded independent diversified
energy company, announced its subsidiary NDR Energy Group, has sold
an estimated 2.63 billion cubic feet (Bcf) of natural gas for
the month of November. This is NDR Energy's highest volume of gas
sold and revenues generated for the month of November in the last
four years. The natural gas sold is expected to generate an
estimated $9.78 million in revenues for the month of November
alone.
The $9.78 million in gas sales booked for November is a 108.38%
jump, or an increase of $5.08 million in sales over
the $4.69 million of gas sold in November 2012. The $9.78
million in sales for the month of November 2013, represents 16.23%,
of the $60.22 million in sales the Company generated for the
entire fiscal year of 2013.
The 2.63 (Bcf) of sales of gas for November represents a 99.81%
jump, or an increase of 1.316 billion cubic feet (Bcf), over the
1.318 (Bcf) of gas sold during the month of November in 2012. The
volume of 85,000 MMBtu per day of natural gas sold is one of
the highest in NDR Energy's history for the month of November.
Additional sales of gas may be forthcoming for the month of
November.
Universal Bioenergy is a high growth company,
that generated over $60.22 million in revenues for the fiscal
year ended June 30, 2013. NDR Energy Group, 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 country. The Company forecasts stronger sales of gas
throughout the fiscal year.
NDR Energy Group's President, Ken Harris, says, "We continue the
strong progression in our sales department. We are now seeing
substantial sales of natural gas even prior to bid week. I
anticipate additional sales for the months of November during the
upcoming bid week. And, I am hopeful that we will carry this strong
sales momentum throughout the remainder of the quarter."
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.
For inquiries contact: Media Relations Solomon Ali
704-837-5705