IRVINE, Calif., July 10, 2012 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCMarkets:UBRG), a publicly traded independent diversified energy company, announced that shares of its common stock jumped 25.26%, and its stock traded 8,076,647 shares on Monday, July 9, 2012 after it reported that its subsidiary, NDR Energy Group, sold over 1.86 billion cubic feet (Bcf) of natural gas, setting a new record for the month of July, that will generate millions in additional revenues.
The volume of gas sold set a new record for July, and is the highest in the Company's history for July, and represents a 300.37% increase over the 619.24 million cubic feet of natural gas sold for the month of July 2011. NYMEX prices for natural gas are up by over 53.44% to $2.90 per mcf as reported on July 9, 2012, from their previous low of $1.89 per mcf in the month of April, 2012.
Encouraged by the record July sales, and news of rising natural gas prices, investors quickly snapped up the stock at a rate of over 1.24 million shares per hour throughout the trading day. A total of 8,076,647 shares were traded on Monday, which was about 1.90 times the average daily trading volume of 4,248,202 of Universal's shares.
Universal Bioenergy is experiencing explosive growth in the energy industry, and is growing at double digit rates. The Company is planning more acquisitions in the energy marketplace, gas storage, gas trading and higher sales of natural gas, propane, oil and coal for electric power plants.
Solomon Ali, Universal's Senior Vice President says, "We are very excited about the increased demand for our Company's stock. This was another good day for our shareholders, and reflects a greater interest in the future prospects for our Company. We believe this is a new strong vote of confidence in our management, as many shareholders have responded very favorably and consider Universal a good long-term investment. We are very bullish about our future, our future revenues and the energy industry."
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 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
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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 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.