updated 12/17/2010 7:45:18 AM ET 2010-12-17T12:45:18

CHARLOTTE, N.C., Dec. 17, 2010 (GLOBE NEWSWIRE) -- NDR Energy Group LLC, a natural and alternative energy company and subsidiary of Universal Bioenergy Inc. (Pink Sheets:UBRG), a publicly traded company, announced it has signed an agreement with Amerisource Funding Inc. of Houston, Texas. Under the terms of the agreement, Amerisource will provide NDR Energy with a revolving funding line totaling $36 million dollars annually. The agreement will provide NDR Energy with working capital and related financing for its future growth and expansion for an indefinite term, and has provisions for increasing the funding line as the Company grows.

NDR Energy's President and CEO Gina Roy states, "This is a really a great day for us, and a major milestone in the history of NDR Energy Group. We're thrilled to have Amerisource Funding to partner with us, and provide us with this major capital funding source, especially in this challenging economic environment. This will give us a major competitive advantage, the fuel we need to expand our business, and help to significantly increase our revenues and profits. We feel this is an endorsement by Amerisource, in terms of the confidence they have in NDR Energy, our reputation and our economic future. The funding will help us to better service our growing electric utility customer base, support our dynamic growth and create more value for the company."

Amerisource Funding is a market leader in providing working capital and accounts receivable management solutions to small and middle market businesses. Founded in 1984, Amerisource has financed over $1 billion of funding for thousands of companies in virtually every U.S. State and Canada, and has provided them with financing solutions and outsourced management of accounts receivable, credit and collection functions.

About NDR Energy Group LLC

NDR Energy Group is an energy marketing and services company that markets natural gas and alternative energy to major utilities and corporate clients throughout the U.S. NDR provides energy management services to assist its clients in finding efficient and economic solutions to reduce their energy cost. NDR supplies other energy products and solutions, including propane (HD-5), energy efficient lighting systems, and sustainable, alternative and renewable energy solutions to reduce our clients' carbon footprint.

For more information contact: Media Services at 704-248-0583

There are matters discussed in this media information that are forward-looking statements. These statements relate to future events or future economic performance and reflect current performance and expectations of management. Certain unknown factors may affect the events, economic performance and results described herein. Such statements are only forecasts and actual events or results may differ materially from those discussed. 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 as required by applicable law.

CONTACT:  NDR Energy Group
          Gina Roy
          Fax: (240) 892-9177
          525 N. Tryon Street #1600
          Charlotte, NC  28202

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