IRVINE, Calif., Aug. 27, 2013 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCQB:UBRG), a publicly traded independent diversified energy company, that markets and distributes natural gas, electricity, petroleum products and coal, announced that its subsidiary, NDR Energy Group has already achieved early sales of .75 billion cubic feet (Bcf) of natural gas for the month of September. The gas was sold early in August for the month of September to two of the largest gas distribution utilities on the west coast. Additional sales of gas are projected to be completed to other customers toward the end of August for the month of September. The sales volume of natural gas is expected to generate millions in revenues for September.
Universal Bioenergy is a high growth diversified energy company. Its subsidiary, NDR Energy Group, has contracts to sell natural gas to 31 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. The Company forecasts stronger sales of gas throughout the end of the year.
NDR Energy Group's President, Ken Harris says, "These two transactions continue our progress towards a very productive September. As our relationships grow with our utility customers, we are selling natural gas at earlier points during each month. In addition, we continue strong sales to our customers in the western part of the country. We will enter bid week with an emphasis on our utility customers in the North and East. I applaud our Vice President of Business Development, Rickey Hart and the sales staff for their diligent efforts. The geographic diversity of our customer base is clearly one of the unique aspects of our company."
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.