CHARLOTTE, NC--(Marketwired - October 22, 2013) - NDR Energy Group (a subsidiary of Universal Bioenergy Inc., (OTCQB: UBRG), a publicly traded independent diversified energy company) announced that it has, this week, completed one of the largest natural gas transactions in company history. The gas was sold for the period from November 2013 to March 2014 to one of the largest gas utilities in the United States.
NDR Energy Group's President, Ken Harris says, "This is a huge deal for NDR Energy. The 20,000dth/day deal follows Rickey Hart's trip out west, where he met the executives from some of our largest customers. Ultimately, those meetings led to the huge Novi-March deal that we just completed. We now have contracts with the two largest electric utilities in the US and with three of the top 10. And, we are executing a new contract today with another top 10 utility. We have greatly expanded our supplier base to include some of the top producers in the US. I believe that we now have contracts with at least 4 of the top 10 largest natural gas producers in the US and we were just tendered a new contract with a large western producer."
"Additional sales of gas have been completed for the month of November and we look forward to our first power/electricity sale in the coming months. These are indeed exciting times at NDR Energy!"
About NDR Energy Group:
NDR Energy Group, LLC is a minority-owned energy consulting and management company that engages in the marketing and sale of natural gas to some of the largest utilities in the United States. NDR also services commercial, industrial, municipal, IOU, and governmental entities within the natural gas and power marketplace. NDR has a FERC license and is one of the few minority firms licensed to market and sale power and electricity in the United States.
For more information visit www.ndrenergy.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.
The following files are available for download: