IRVINE, CA--(Marketwired - Apr 15, 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, has just completed one of the earliest monthly natural gas transactions in company history.
The April transaction was for the sale of natural gas to one of NDR's core customers and one of the largest utilities in the US. The transaction, pending confirmations, has an estimated sales price in excess of $2.7 million. The natural gas will be delivered to the customer during the month of May.
NDR Energy's President and CEO, Ken Harris, states, "We have opened our eyes to changing dynamics in the natural gas industry. Because of the growing strength of our relationships with customers, we are no longer limited to late month, traditional bid-week sales. I would like to thank Gina Roy, our operation manager, for consistent internal efforts to clarify 'the decline of bid-week.' Despite the traditional history of the industry, we, like many other growing and successful energy companies, are now focused on sales activity throughout each month. As the texture of our customer and supplier relationships continue to grow, we should see an increasing number of these transactions."
Universal Bioenergy's Sr. Vice President, Solomon RC Ali, states, "Both companies have worked diligently to reorganize our business models allowing for the pursuit of contracts outside of the traditional timelines. The ability of our partners at NDR Energy to nurture relationships and create new verticals with the largest energy suppliers and providers has increased contract opportunities for us and places us further along the road to profitability. NDR's efforts along with the new alliances at UBRG illustrate that we are looking to grow the companies more strategically with a focus on increased opportunities with marquee customers."
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
About NDR Energy LLC.
Charlotte, NC based NDR Energy Group, LLC, 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. NDR Energy is an energy consulting and management company, engaging in the marketing and sale of natural gas to commercial, industrial, municipal, IOU, and governmental entities within the natural gas and power marketplace in the continental United States. It supplies fuels, including unleaded gasoline, diesel, biodiesel, and Jet A; propane and butane gases; and refined products comprising motor oils, transmission products, and antifreeze/coolant products. 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.