CHARLOTTE, NC--(Marketwired - March 31, 2014) - NDR Energy Group, a subsidiary of Universal Bioenergy Inc. (OTCQB: UBRG), (a publicly traded independent diversified energy company that markets and distributes natural gas, propane, petroleum and coal) announced estimates that show that they have sold over 1.93 billion cubic feet (Bcf) of natural gas to its customers for April 2014. The volume of natural gas sold by NDR Energy is, by far, the highest in the Company's history for the month of April. And, NDR's anticipated gross revenues for April 2014, totaling an estimated $8.6 million, substantially exceed the sales total for any April period in company history. NDR posted gross sales of $5.9 million for April of 2013.
NDR Energy Group's President and CEO, Ken Harris, stated "We had a fantastic start this month as we sold a substantial amount of natural gas to our West coast customers prior to the start of bid week. We followed up that west coast effort with bid week sales to a large utility customer in Illinois and sales to one of our largest customers in the Mid-Atlantic region. We are exhibiting continued strength in our ability to market gas to utilities across the US. Our growing relationships with huge suppliers will only enhance that capability. Our natural gas division is rapidly growing in strength. And, we had a near miss this month concerning a power/electricity sale to one of our west coast utility partners. We are dedicated to bringing the power/electricity division operational in the coming months. With both verticals operational, we should see a hefty increase in both our volumes and margins."
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 in the United States. About Universal Bioenergy Inc. Founded in 2004, Universal Bioenergy Inc., is a publicly traded independent diversified energy company. For more information visit www.universalbioenergy.com.
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.
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