IRVINE, Calif., Feb. 11, 2013 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCMarkets:UBRG), 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 launched a new commercial/industrial division to begin marketing, selling and distributing natural gas. The new division will focus on marketing natural gas to large commercial and industrial users of natural gas, as well as cities, municipalities and the U.S. military.
NDR Energy Group has signed an agreement, in a major strategic partnership with one of the largest independent natural gas marketers in the United States to begin marketing natural gas to large commercial and industrial customers that could potentially generate millions in additional revenue and profits.
Universal's President, Vince M. Guest says, "We are very excited about the launch of this new Commercial Industrial Division by NDR Energy. NDR has been working on developing this new division for several months with this new partner, and now we have its official launch. This is a major shift in our marketing strategy and business model from only selling gas to our electric utility customers. This will give greater width and diversification to our expanding customer base, and should increase our revenues and generate greater margins and profits for the Company. This is a tribute to the hard work and creativity of Ken Harris and his team at NDR Energy. We will be issuing more news on this new division and the positive impacts on the Company shortly."
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.