IRVINE, Calif., June 26, 2012 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCMarkets:UBRG), a publicly traded independent diversified energy company, that markets and distributes natural gas, propane, petroleum and coal, announced it is planning to create a new next generation energy company. Universal Bioenergy intends to propel the company to a dominant market position, and be one of the top independent energy companies in the United States. The Company continues to build at a super growth rate and has aggressive plans to grow itself into a billion dollar company in the next 2 to 5 years through mergers and acquisitions.
Universal Bioenergy continues to grow at double digit rates and achieved sales of over $71.74 million in 2011. Universal sells natural gas, through its subsidiary NDR Energy Group, to 29 of the largest public utilities, electric power producers and local gas distribution companies that serve millions of commercial, industrial and residential customers. Due to the increase demands of energy for the U.S and world market, and the strong outlook for the industry, Universal appears to be poised for even greater growth in the long-term. Universal expects profitability to be forthcoming in 2012, and it also believes that the Company can achieve higher operating margins over the long run as its business continues to grow.
Universal has made plans to accelerate its growth and expansion, increase revenues and profitability. The Company is taking strategic steps to continually improve its financial performance with a sharp focus on increasing net earnings. The Company is forecasting strong consolidated earnings of $11 million to $17 million for the Company in the next 12 to 18 months from its natural gas, gas storage profit centers and its coal mining division.
Universal's President Vince M. Guest states, "We are very excited about the potential growth of the Company. We are forecasting that we may double our revenue in the next 12 to 18 months through more acquisitions, gas storage, and higher sales of natural gas, propane, oil and coal for electric power plants. We are also planning acquisitions of oil and gas fields, lease acquisitions and development of newly discovered or recently discovered oil and gas fields and re-entering existing wells. We are continuing our growth through an ongoing series of acquisitions. Presently, we sell gas to about 5 to 6 of our customers on average each month. We are in the process of expanding our sales force to maximize the value of our utility contracts. We believe that if we sell an estimated $2.9 million in natural gas to each of our 29 customers monthly, this would generate approximately $84 million in monthly revenues and over $1 billion in annual revenues of natural gas alone. This does not include revenues from propane, oil and coal sales. We believe this will bring great value to our loyal shareholders."
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, propane and refined petroleum energy products. 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
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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 reflect the company's current expectations and projections about future results, performance, prospects, sales levels, profitability and opportunities. All forward-looking statements involve risks and uncertainties. All statements contained herein that are not clearly historical in nature are forward-looking, and words such as "believe," "anticipate," "expect," "estimate," "may," "will," "should," "continue," "plans," "intends," "likely," "project", or other similar words or phrases are generally intended to identify forward-looking statements. Such statements are subject to a number of risks, uncertainties, and other factors, many of which are beyond our control, and are only forecasts; and actual events, performance, prospects, opportunities or results may differ materially from those expressed in or implied in such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. 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.