IRVINE, Calif., June 27, 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 was awarded new a contract to supply natural gas to a major electric power utility customer. The contract is projected to generate several million dollars in additional revenue.
The contract was awarded by a large municipally owned utility that provides economical, reliable electric and natural gas service within its service territory in the Midwestern, United States.
Ken Harris, NDR Energy Group's, President and CEO says, "We continue to engage new customers at an accelerated pace. I applaud the sales department for their diligent efforts. We continue to grow our sales presence across the country with both private and public utilities."
Universal Bioenergy's President, Vince M. Guest says, "The award of this new contract demonstrates another milestone in the progress of our Company. Our agreement with the customer limits us from disclosing their name and some details. For the last few months, NDR Energy Group has broken new sales records in terms of the volumes of natural gas. We project that NDR Energy Group should sell more natural gas to our existing and growing customer base, than in all of the prior years of the Company's operations. The Company is making some major changes in its product offerings as we expand further in the national and international energy markets. We will also be making some announcements very soon regarding some transactions we are working on, and some other events that we believe could have a very positive effect on the Company, and generate higher revenues, produce solid earnings, increase our stock price and improve our marketcap."
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.