IRVINE, CA - March 24, 2014 - Universal Bioenergy Inc., (OTCQB: UBRG), a publicly traded independent diversified energy company that markets and distributes natural gas, petroleum, coal and electricity, announced that its subsidiary NDR Energy Group, was awarded several multi-million dollar contracts to supply natural gas to two of the largest gas and electric utility companies in the western United States. NDR Energy Group already sold an estimated $6.2 million in natural gas for the month of April, prior to the start of the official April natural gas bid-week trading.
Preliminary estimates indicate that NDR Energy Group has set a new record and exceeded its previous early month sales marks of natural gas for the month of April with transactions to its west coast customers. NDR's estimated gross sales for the month of April of 2014, already represent the largest April sales total in company history. NDR Energy Group is selling more natural gas in the market place to its electric utility customers and distributors due to the rising demand for natural gas.
NDR Energy Group's President and CEO, Ken Harris, stated, "We continue to experience significant sales growth with our West Coast utility customers. And, we are extremely excited about our increased ability to service those clients following our meetings with multiple producer/supplier partners in Houston. We also continue to be focused on our growth in the Mid-West and in the East. I am hopeful that we will consummate transactions with our customers in both of those geographic regions as we close out our April productivity over the next few days. These continue to be very active and exciting times for our company."
Universal Bioenergy is a high growth diversified energy company that is experiencing double-digit growth. NDR Energy Group, a subsidiary of Universal Bioenergy, sells natural gas to many of the largest public utilities, electric power producers and local gas distribution companies that serve millions of commercial, industrial and residential customer in the United States.
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.
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SOURCE: Universal Bioenergy Inc.