updated 3/4/2011 3:17:42 PM ET 2011-03-04T20:17:42

IRVINE, Calif., March 4, 2011 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc. (Pink Sheets:UBRG), a publicly traded alternative energy company, announced its NDR Energy Group in Charlotte had sales of $18.3 million, and sales volume of 4.10 billion cubic feet (Bcf) of natural gas for the months of January and February. NDR Energy Group completed sales of $8.9 million for January, with sales volumes of 2.2 Bcf, and estimated sales of $9.4 million for February, with sales volumes of 1.9 Bcf.

NDR Energy Group's President Gina Roy stated, "We're very excited about our sales this year. One of our paramount goals during the first quarter of 2011 is higher sales revenues and volumes. Last year we sold over $50 million in gas, or an average of $4.16 million monthly. For the first two months of this year, we sold an average of $9.15 million monthly. We've already exceeded last year's monthly average by over 100%. If we consistently achieve those monthly sales, we could potentially generate sales of over $100 million this year. Achieving that goal will confirm the effectiveness of our newly implemented marketing strategy. We have recently achieved substantial benchmarks at NDR related to sales volume. Now, we're laying the foundation for a much larger and more diverse customer base. We intend to supply our customers, in part, through our own gas supplies from the wellhead, through our relationship with Texas Gulf Oil & Gas. Focusing on increased sales volume with our current utility customers, and obtaining new sales opportunities with commercial and industrial customers, should generate greater profits for 2011 and beyond."  

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.

The Universal Bioenergy Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6784

About NDR Energy Group LLC

NDR Energy Group, a universal subsidiary, is an energy marketing and services company that markets natural gas and alternative energy to major utilities and corporate clients in the U.S.

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.

CONTACT: Media Relations

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com