IRVINE, Calif., Dec. 23, 2010 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc. (Pink Sheets:UBRG), a publicly traded alternative energy company, announced it has sold a record sales volume of 3.41 billion cubic feet, (Bcf) of natural gas to six of its 22 major electric utility customers for the month of December, through its subsidiary NDR Energy Group.
Two of the largest customers that purchased gas were Southern California Gas Company, a subsidiary of Sempra Energy (NYSE:SRE), the nation's largest natural gas distribution utility, with 20.7 million consumers, and CenterPoint Energy Resources Corp., a wholly owned subsidiary of CenterPoint Energy Inc. (NYSE:CNP), with 3.2 million customers in six states. The other four customers were the largest electric utilities in the states of New York, Maryland, California and Washington D.C.
Universal's President Vince Guest states, "We're very pleased with the phenomenal progress we've made this year. The record sales are due to the increased demand for natural gas from our utility customers, and the hard work and innovative marketing efforts of the executive staff at NDR Energy Group. It's a very good way to wrap up the year. The 3.41 Bcf is equal to about 3.51 trillion Btu's. That means we basically sold enough gas this month to supply almost all of the state of Delaware's natural gas needs for an entire month. We believe this should have a positive effect on our revenues, our market value, and the value it will bring to our shareholders. Our management has transformed Universal Bioenergy into a whole new company now. We're on the way to building a stronger business, and a powerful energy machine in the natural and alternative energy sector."
About Universal Bioenergy
Universal Bioenergy Inc. is an alternative energy company that markets natural gas and green alternative energy, and is expanding into solar, biofuels, wind, synthetic fuels and related clean energy technology products. It plans to build the company into a prominent player in alternative energy.
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CONTACT: Universal Bioenergy Inc. Vince Guest (888) 263-2009 Fax: (951) 281-4653 www.universalbioenergy.com 19800 MacArthur Blvd., Suite 300 Irvine, CA 92612