Universal Bioenergy Inc.
15.04.2013 08:00
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Company Forecasts $216 to $324 Million in Revenues and $24 to $36 Million in
Gross Profits
IRVINE, Calif., 2013-04-15 08:00 CEST (GLOBE NEWSWIRE) --
Universal Bioenergy Inc., (OTCMarkets:UBRG), a publicly traded independent
diversified energy company, that markets natural gas, petroleum and coal,
announced its management team for its international coal division are in
negotiations with several companies to arrange the logistics and transportation
for the sales of coal to companies in Asia and Europe.
The Company and its transportation consultants are negotiating terms and
pricing with several railroad companies to ship the coal from the load-out
facilities at the mines and transport it to the various seaport terminals. It
takes about 104 railroad coal cars to ship 50,000 tons of coal. With an
estimated 200,000 to 300,000 tons of coal sales per month, the Company will
need 416 to 624 coal cars per month to ship the coal. The Company is also
negotiating to secure terminal space at several seaports throughout the
country. The coal will be shipped by rail to the ports and loaded onto the
shipping vessels, then shipped to the final destination overseas.
Universal's President Vince M. Guest states, 'Our marketing team and
consultants are moving expeditiously to finalize the logistics and
transportation to ship our coal to the foreign markets. Two major factors
influence the sales price of coal. One is the price of coal at the mine, which
includes the mines operating costs and quality of the coal. The other major
factor is the cost of transporting the coal from the mine to the final point of
use. So it's very important for us to secure the required railroad shipping and
port terminal space to meet the needs of these companies. At an estimated
$90.00 per ton, this could generate an estimated $216 to $324 million in
additional annual revenues and an estimated $24 to $36 million per year in
gross profit. We cannot guarantee an actual valuation, however according to
industry valuation standards using average P/E ratios from Standard & Poor's,
at a multiple of 15 times earnings, a valuation of $360 to $540 million dollars
is an estimate of the potential additional market capitalization value of this
transaction to Universal.'
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
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.
CONTACT: Media Relations:
Solomon Ali at 704-837-5705
News Source: NASDAQ OMX
15.04.2013 Dissemination of a Corporate News, transmitted by DGAP -
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Language: English
Company: Universal Bioenergy Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US91337M1045
WKN:
End of Announcement DGAP News-Service
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DGAP-News: Universal Bioenergy in Negotiations With Firms for Major Exports of Coal to Asia and Europe
| Source: EQS Group AG