CHARLOTTE, N.C., June 24, 2010 (GLOBE NEWSWIRE) -- NDR Energy Group LLC, an energy/fuel marketer, announced today that its sales revenue totaled more than $6.15 million for the month of May. Universal Bioenergy Inc., (Pink Sheets:UBRG) a publicly traded company, which owns a 49% stake in NDR Energy, is hosting a grand opening event on June 26, 2010, to celebrate the opening of NDR Energy's new offices in Charlotte, North Carolina.
NDR Energy Group achieved strong sales of $6.15 million in natural gas, despite the current weak state of the economy. The sales also reflect a growing demand for natural gas in the energy and energy services sector.
NDR Energy Group recently set up new offices in the historic 525 N. Tryon Building, a 19 story office tower in downtown Charlotte, North Carolina. The new offices have been located in Charlotte because the region is becoming an energy hub, and a bigger player in the energy industry through various energy initiatives. The Charlotte region is beginning to develop a reputation as "The New Energy Capital."
"We're proud to announce the opening of our new offices in Charlotte. Since Charlotte is supporting many alternative energy initiatives in the business community, this puts us in a strategic position to partner with many other companies to achieve our objectives, and to capitalize on the future growth of the industry. Our plans in association with Universal Bioenergy will allow us to accommodate our new employees, and our plans for growth and expansion," says NDR Energy's President and CEO, Gina Roy.
The grand opening event will be held at the Grand Central Events, one of Charlotte's premier venues.
About The Company
NDR Energy Group is an energy marketing and services company. Its core business is the marketing and sale of natural gas to a diverse group of clients in the continental U.S. NDR provides energy management services to assist its clients in finding efficient and economic solutions to reduce their energy costs. NDR supplies other energy saving products and solutions, including propane (HD-5), energy efficient lighting systems, and sustainable, alternative and renewable energy solutions to reduce their clients' carbon footprint.
There are matters discussed in this media information that are forward looking statements. These statements relate to future events or future economic performance and reflect current performance and expectations of management. Certain unknown factors may affect the events, economic performance and results described herein. Such statements are only forecasts and actual events or results may differ materially from those discussed. 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 as required by applicable law.