IRVINE, Calif., April 8, 2011 (GLOBE NEWSWIRE) -- Universal Bioenergy, (Pink Sheets:UBRG), a publicly traded energy company, announced a new record in sales revenue of $22,565,496, for the first quarter ending March 31, 2011. The Company has sold a record sales volume of 5.22 billion cubic feet, (Bcf) of natural gas to five of its 22 major electric utility customers for the months of January through March, through its subsidiary NDR Energy Group. These revenues are preliminary and unaudited.
Universal's President Vince M. Guest states, "This is another paramount step by Universal, NDR Energy Group, and the hard work of all our team. We're off to a very great start this year, as we follow the new business model that we developed. That represents an increase of over 70% in revenue, compared to the same period last year. We anticipate generating continued strong, solid revenues throughout this year."
Rickey Hart, NDR Energy's Vice President of Business Development, says, "We're very excited about the great progress we've made in the first quarter this year. We're more aggressive now in our approach to achieve higher sales volumes and new record sales, as we expand our Company. We believe there will be a continued up trend in the sales of natural gas. These sales reflect the continued demand of natural gas in the market, and that was only to five of our twenty two major utility customers. There's obviously a lot more potential for greater sales to our customer base."
About The Company
About Universal Bioenergy
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 http://www.globenewswire.com/newsroom/prs/?pkgid=6784
About NDR Energy Group LLC
NDR Energy Group, a Universal Bioenrgy 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.
- 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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