IRVINE, Calif., Sept. 7, 2014 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCPINK:UBRG), a publicly traded diversified energy company that markets and distributes natural gas, petroleum, coal and electricity, announced that its subsidiary NDR Energy Group signed a new contract to supply natural gas to one of the largest electric and gas power companies in the United States.
The consolidated power utility is located in the Mid-Atlantic region of the U.S, and it operates one of the world's largest and most complex energy delivery systems. It is a subsidiary of one of the nation's largest investor-owned energy companies, that reported $12.35 billion in annual revenues and $40 billion in assets in their 2013 Annual Report.
NDR Energy Group's President and CEO, Ken Harris stated, "Entering 2014, we set very lofty goals at NDR Energy Group. We set as priorities the diversification of our supplier base and substantial growth in our customer base. Earlier this year, we were able to consummate a contractual relationship with one of the largest producers of natural gas in the United States. With an enhanced slate of suppliers, NDR has been able to solidify very substantial relationships with old and new end users. Presently, our two newest contracted energy partners are amongst the largest utility companies in the United States. We are extremely well situated for significant growth as our end-user partners source Fall and Winter natural gas supply. And, we anticipate increases in volumes and revenues as the end of the year approaches."
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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