IRVINE, Calif., Jan. 11, 2013 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCMarkets:UBRG), a publicly traded independent diversified energy company, that markets natural gas, propane, and produces petroleum and coal, announced that its executives from its Irvine headquarters have convened in Charlotte, North Carolina this week for a business summit to plan its strategic plans and initiatives for 2013 and beyond. The executives of Universal Bioenergy and NDR Energy Group met to develop and refine its long-term business model and strategy, to take advantage of emerging national and global energy market opportunities.
The four days of executive meetings are being held from January 8 through 11. The series of highly focused intensive meetings, planning sessions, and discussions, covered Universal's plans for expansion, NDR Energy's new product offerings, corporate finance, improving its capital structure, marketing plans, new business development, operations and mergers & acquisitions.
The Company and NDR Energy have set up several new divisions that will expand aggressively into sales of refined petroleum products such as jet/aviation fuel, diesel fuel, lubricants, sales of wholesale and retail electric power, solar equipment and power, registration on several interstate gas pipelines, gas storage services and to expand its base of commercial and industrial customers.
The company is planning to hire additional marketing, sales and management staff to meet its expansion plans for this year. NDR Energy Group has recently hired new marketing and operations professionals for its new divisions to meet its marketing and sales goals for this year.
Universal's President Vince M. Guest says, "This series of executive meetings will give us four days to focus on developing our plans and strategic initiatives for expansion and growth for 2013 and the years ahead. The groundwork and foundation is being laid for a year of greater revenues and strong earnings and profitability. We're very excited about the major plans for this year. The outlook for the Company is very strong, and we are developing a larger and improved team of professionals to meet these strategic goals and objectives. These meetings and initiatives will allow us to respond very rapidly to future trends in the global marketplace, and to achieve our expansion plans. We intend to make additional announcements regarding these meetings and initiatives in the near future."
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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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.