SOURCE: Universal Bioenergy Inc.
IRVINE, CA--(Marketwired - Mar 7, 2014) - Universal Bioenergy Inc. (OTCQB: UBRG), a publicly traded independent diversified energy company that markets and distributes natural gas, propane, petroleum and coal, announced that its subsidiary NDR Energy Group, sold an estimated 2.45 billion cubic feet (Bcf) of natural gas to its customers, and set a new sales record for March 2014.
The 2.45 (Bcf) of natural gas sold by NDR Energy Group is, the highest in the Company's history for the month of March, and is projected to generate an estimated $12.13 million in gross revenues for March for NDR Energy Group. The estimated sales of $12.13 million, exceeds the combined gross revenues for the past four March sales periods at NDR Energy. The $12.13 million in estimated sales for March 2014 is over three times or equals 318% of the $3,809,176 in gross sales that NDR Energy posted in March of 2013.
NDR Energy Group's President and CEO, Ken Harris, stated, "We posted staggering numbers for March. In fact, I believe that our sales for March represent the second highest monthly sales total in the Company's history. I continue to be pleased with the diversity of suppliers that we are using. Our suppliers are some of the largest producers of natural gas in the US. They continue to work diligently to make sure that we are able to meet the requirements of our customers at various delivery points across the US. I am also pleased with the net revenues related to our recent deals as we were able to complete a number of transactions this month with elevated margins. These developments illustrate our growing strength as a national marketer and the evolving nature of our relationships with both our suppliers and customers."
Universal Bioenergy is a high growth diversified energy company. 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.