IRVINE, Calif., June 5, 2013 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCQB:UBRG), a publicly traded independent diversified energy company that markets and distributes natural gas, electricity, petroleum and coal, announced that its subsidiary, NDR Energy Group, sold an estimated 2.25 billion cubic feet (Bcf) of natural gas for the month of June. The record sales volume of natural gas is expected to generate an estimated $8 to $9 million millions in revenues for June, and help propel the Company's drive toward strong earnings. This set a new record of gas sales volume for the month of June for NDR Energy Group.
The 2.25 (Bcf) of estimated sales of gas booked for June represents a 7.38% increase, or 0.155 billion cubic feet (Bcf), over the 2.10 (Bcf) of gas sold during the month of June in 2012. The volume of estimated natural gas sold by NDR Energy is the highest in the Company's history for the month of June.
Universal Bioenergy is a high growth diversified energy company. Through its subsidiary, NDR Energy Group, it has contracts to sell natural gas to 30 of the largest public utilities, electric power producers and local gas distribution companies that serve millions of commercial, industrial and residential customers throughout the country.
NDR Energy Group's President, Ken Harris, says, ""Our preliminary estimates indicate that NDR has broken our record for volumes of gas sold during the month of June. It appears we have already sold over 2.25 (Bcf) of natural gas to three of our utility customers. We continue to have a strong sales presence on both the east coast and in the western states. And now, we are gathering traction in the Mid-west. Rickey Hart, our Vice President of Business Development, has done a tremendous job in growing our relationships with strategic end-users. As both production and supply stabilize and the possibility of natural gas exports grows, we are rapidly finding ourselves in the midst of abundant opportunities in the natural gas marketplace."
About Universal Bioenergy Inc.
Founded in 2004, Universal Bioenergy Inc., is a publicly traded independent diversified energy company that produces and markets natural gas, electricity, 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.