Universal Bioenergy Announces NDR Energy Group Awarded New Multi-Million Dollar Contract to Supply Natural Gas to Major Utili...
March 19 2014 - 3:15PM
Marketwired
Universal Bioenergy Announces NDR Energy Group Awarded New
Multi-Million Dollar Contract to Supply Natural Gas to Major
Utility Due to Rising Demand
IRVINE, CA--(Marketwired - Mar 19, 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, was awarded a new multi-million dollar contract to
supply natural gas to one of the largest gas and electric
utility companies in the United States. NDR Energy Group is selling
more natural gas in the market place to its electric utility
customers and distributors due to the rising demand for natural
gas.
The contract was awarded by one of the largest combination
natural gas and electric utilities in the United States. The
customer provides natural gas and electric service to approximately
15 million people throughout a 70,000-square-mile service area on
the west coast. Its parent company is traded on the NYSE and
reported revenues of $15.59 billion in its 2013 annual
report.
The Company recently announced that NDR Energy Group sold an
estimated $12.13 million in natural gas for the month of March
2014, which is the highest in the Company's history for the month
of March. The $12.13 million in estimated sales for March 2014
equals 318% of the $3,809,176 in gross sales that NDR Energy posted
in March of 2013.
Universal's President Vince M. Guest states, "We are very
excited to be awarded this contract to supply natural gas to one of
the largest gas distribution companies in the country. This
provides us another opportunity to partner with another
multi-billion dollar Fortune 500 company. NDR Energy Group
continues to move at a very rapid pace to sell more gas on term
deals and power generation to our existing and expanding customer
base. The contract limits us from disclosing the customer's name
and certain details of the transaction. We anticipate that we will
be awarded many more contracts for larger transactions to increase
our revenues and generate positive earnings for the Company in the
near future."
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
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