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
For inquiries contact: Media Relations: Solomon Ali at 980-225-5376
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.
Source:Universal Bioenergy Inc.