IRVINE, Calif, Nov. 28, 2012 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCMarkets:UBRG.PK), a publicly traded independent diversified energy company, that markets and distributes natural gas, propane and coal, announced that NDR Energy Group, its subsidiary in Charlotte, has signed an agreement, in a major strategic partnership with one of the largest independent natural gas marketers in the United States. NDR Energy has also launched a new sales division to begin marketing natural gas to large commercial and industrial customers in the southern United States geographical market, that could generate millions in additional revenue.
According to the new venture partner, it is the number one independent natural gas marketer in the US., reporting sales of over $1 billion annually. The Company services over 400 industrial and commercial customers, and maintains over 6 billion cubic feet (BCF) of gas storage, and has a stellar reputation related to delivery and service issues. This new partnership will allow NDR Energy to horizontally sell its natural gas, in association with the Company, to its industrial customers, large commercial customers, and independent municipalities in North and South Carolina, Georgia, Alabama, Mississippi, Louisiana, Tennessee, Kentucky and Ohio.
Ken Harris, NDR Energy Group's, President and CEO says, "The initiation of this strategic partnership is one of the most significant events in NDR's history. We continue to experience very substantial growth concerning our sale of natural gas for residential use and electricity generation. And, we have experienced an accelerated growth rate concerning our emphasis on longer term gas sales transactions. In addition to our major recent successes, we wanted to pursue the potential large additional vertical concerning sales of natural gas to the large industrial, commercial and municipal market sectors. Now, we have accelerated our entrance into those market segments by forming an alliance with one of the strongest independent gas marketing companies in the country concerning this issue. Additionally, our sales team is now poised to rapidly grow the new commercial/industrial division so that it becomes compatible with the consistent success that we experience in other areas."
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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Source:Universal Bioenergy Inc.