IRVINE, Calif., Nov. 20, 2012 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCMarkets:UBRG), a publicly traded independent diversified energy company, that markets and distributes natural gas, propane and coal, announced that NDR Energy Group, its subsidiary, has entered into a supply contract with one of the largest competitive retailers of natural gas in North America. NDR Energy's new partner provides electricity, natural gas and other energy services to more than 13 million residential homes and businesses across North America each day.
The Company is one of the largest providers of gas, electricity, and related energy services to business and residential customers across North America. According to the Company, they are the largest competitive retailer of energy and related services in North America. With their corporate headquarters in Canada, they also have offices in Texas and Pennsylvania. The Company is an indirect wholly owned subsidiary of a major energy company traded on the London Stock Exchange, headquartered in Great Britain, and is a leading supplier of energy and home services. The parent company reported revenues of over $36.28 billion in their 2011 annual report. Together, they provide energy services to approximately 18 million homes and businesses worldwide.
NDR Energy Group's, President and CEO Ken Harris says, "Our agreement with our new supplier/partner is extremely significant. We continue to diversify our product offerings. Our ability to deliver natural gas to various delivery points across the United States, is a critical component concerning our strategy for growth. Our current customers expect quality service and delivery regardless of geographic issues. In order to meet these expectations, we must field a comprehensive group of suppliers. This new supply relationship provides us leverage concerning both delivery and pricing matters. And, we now field a very strong list of suppliers that provides NDR a comprehensive network of delivery capabilities and options throughout the country. Additionally, the fact that we are able to obtain such a critical relationship with the first-in-class energy retailer illustrates the growing confidence in NDR relative to the natural gas marketplace."
Universal Bioenergy is a high growth company that is rapidly growing at double-digit rates. NDR Energy Group markets and distributes natural gas and propane under contract to 30 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 contract limits NDR Energy from disclosing the customer's name and certain details of the transaction.
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.