IRVINE, Calif., April 27, 2011 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc. (Pink Sheets:UBRG), a publicly traded energy company announced today that its subsidiary, NDR Energy Group LLC, reported record revenues of $55,418,910 for the twelve month period ending December 31, 2010. The sales reflect a growing demand for natural gas from its major electric utility customers, and the rising demand in the energy services sector. NDR Energy Group generated these solid sales in natural gas, in spite of the weak economy.
NDR Energy's President and CEO Ken Harris states, "We are very pleased with the major progress we made last year. This is major milestone in our history at NDR Energy Group. We've been consistently hitting new records in terms of revenues and volumes of natural gas sold. Our plans in coordination with Universal Bioenergy, are to maximize the sales value of our 22 major electric utility contracts. We are currently in discussions with several other major electric utilities to sign agreements to provide them with long term supplies of natural gas that should be closing very shortly. Our plans are to obtain agreements with other large customers including, Federal and State Agencies, Municipalities, and large commercial and industrial corporate clients. These will bring additional revenues to the Company this year."
This information is preliminary and unaudited. The Company anticipates the formal audit of their financial records, will be completed soon, and the full details of its financial results will be reported in its Form 10K Annual Report, to be filed with the SEC.
About Universal Bioenergy Inc.
Universal Bioenergy Inc. is an alternative energy company, and intends to create and market natural and alternative energy sources including natural gas, solar, biofuels, wind, synthetic fuels and related energy technology products. It plans to build the company into a prominent player in alternative energy.
The Universal Bioenergy Inc. logo is available at
About NDR Energy Group LLC
NDR Energy Group, a Universal Bioenergy subsidiary, is an energy marketing and services company, that markets natural gas and alternative energy, to major electric utilities and corporate clients throughout 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.
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