IRVINE, Calif., Feb. 13, 2013 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCMarkets:UBRG), a publicly traded independent diversified energy company, in its plans for growth and expansion, announced today that its subsidiary NDR Energy Group's, refined energy products division is preparing to market, sell and distribute petroleum based products to generate greater revenues and higher profit margins for the Company. The Company is forecasting sales of up to $30 million annually from the sales of these products.
The Energy Products division intends to market and distribute refined petroleum based energy products including industrial fuels, diesel fuels, gasoline, kerosene, jet fuel aviation fuels, Jet A and Jet A-1, motor oils and other lubricants. NDR Energy Group will be procuring these energy products to market through its distribution channels. The products will be sold to its existing customer base, and its expanding customer base which will include federal and state agencies, U.S. military, cities, municipalities and large commercial and industrial companies. Refined oil energy products typically have higher profit margins, and should generate additional streams of revenues and profits for the Company.
Universal's President, Vince M. Guest stated, "We're very excited about our energy products division. NDR Energy is establishing relationships with several producers of refined petroleum products to distribute them to our customers. This division reflects our business model to continue to diversify our Company and compete in multiple energy market segments. NDR Energy has developed an aggressive marketing campaign to expand into this industry segment, to provide for more rapid growth of the Company.
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.