Universal Bioenergy Announces NDR Energy Signs Gas Supply Agreement With One of Largest Utilities in U.S.
IRVINE, Calif., July 10, 2013 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCQB:UBRG), a publicly traded independent diversified energy company, that markets and distributes natural gas, electricity, petroleum and coal, announced that its subsidiary, NDR Energy Group was awarded a contract to supply natural gas to one of the largest electric power companies in the United States. The contract is projected to generate millions of dollars in additional revenue for the Company with the sales of natural gas.
The customer is a Fortune 500 company, traded on the New York Stock Exchange, with over $100 billion in power generation assets. The Utility is one of the largest electric power companies in the United States, supplying and delivering energy to millions of U.S. customers. The Utility has an electric power and natural gas distribution service area that covers the Mid-south, the Midwest, and the Southeastern United States.
NDR Energy Group markets and distributes natural gas and propane, and has contracts with 31 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.
NDR Energy Group's President Ken Harris says, "This is another of a series of very substantial accomplishments for NDR. We now have NAESB, gas supply contracts with many of the largest utilities in the U.S. Additionally, we continue to grow our customer base at an accelerated rate. That said, we believe we have significant growth ahead. And, it now appears that natural gas consumption will remain strong over the next quarter. We definitely look forward to continued natural gas sales and our entry into the power/electricity market."
About Universal Bioenergy Inc.
Founded in 2004, Universal Bioenergy Inc., is a publicly traded independent diversified energy company that produces and markets natural gas, electricity, 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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