12:43:23 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Universal Bioenergy Announces Plans to Expand Company and Build Major Independent Energy Company

2014-04-21 10:31 ET - News Release

Irvine, CA(eTeligis.com)

Universal Bioenergy Inc., (OTCQB: UBRG), a publicly tradedindependent diversified energy company that markets and distributes natural gas, petroleum, coal and electricity, announced it is planning to continue its efforts to build a major diversified next generation energy company. Universal Bioenergyintends to propel the company to a dominant market position and be one of the top independent energy companies in the United States. The Company continues to build at a rapid growth rateand has aggressive plans to grow itself into a major company through internal growth and mergers and acquisitions.

The Company's primary business is the production, marketing and sales of natural gas, propane, coal, petroleum, liquefied natural gas (LNG),refined petroleum products including jet fuel (JP-54 and Jet A-1), D2 Diesel Fuel and electricity.Through its subsidiary, NDR Energy Group LLC, it has contracts to sell natural gas to 31 of the largest public utilities, electric power producers and local gas distribution companies that serve millions of commercial, industrial and residential customers throughout the United States.

To keep pace with the rising demand in the energy services sector, the Company set a new record of $25.19 million in projected sales for the first calendar quarter of 2014, enabling them to break all previous records for first quarter sales.

Universal Bioenergy plans to take advantage ofchanges in the energy industryto drive the company to a major market position and be one of the largest diversified independent energy companies in the country. Universal Bioenergy's history and future growth prospects is solid and based upon the following profile:

COMPANY PROFILESector: EnergySub-Industry: Oil, Gas and Coal; production, marketing and distribution Products: Petroleum, Natural Gas, Thermal Coal, Propane, Refined Petroleum Products and Electricity Growth Profile: High Growth of 10% to 25% annually Geography: National and International Customers: 31 major electric utility customers for natural gas distribution, and power generation Suppliers: Among the largest gas explorers and producers in the world OTC Markets Group Exchange: Trading Symbol - "UBRG" Authorized Shares: 3 Billion Outstanding Shares: 2,833,340,081 Subsidiaries: NDR Energy Group;Texas Gulf Oil &Gas;Whitesburg Friday Branch Mine Reporting Status: Registered and fully reportingwith theU.S. Securities and Exchange Commission

Highlights and Facts About Universal

- Universalis a high growth Company experiencing double digit growth of 10% to 25%annually

- Universal reported revenues of$60.22 million for fiscal year ended June 30, 2013 (audited)

- Diversifiedenergy portfolio ofnatural gas, petroleum, thermal coal electricity andpropane

- Successful completionand integration of recent mergers and acquisitions

- Plans to build major energy company in the next 2 to 3 years throughmergers and acquisitions

- Seasonedmanagement with Fortune 500 backgrounds and solid mergers andacquisitionsexperience

- Successful completionand integration of recent mergers and acquisitions

- On April 17, 2014, theCompany announcedmajor plans to increase shareholder value and investor returns

- On April 15, 2014, theCompany announced NDR Energy Group plans to engage in full operations withone of world's largest producers of natural gas

- On April 14, 2014, Universalannounced it is in final contract negotiations for joint venture to accessglobal energy markets to trade over $100 million in energy futurescontracts

- On March 31, 2014, NDREnergy Group estimates record natural gas sales of $8.6 million for April2014

- On March 28, 2014, NDREnergy executives complete meetings in Houston with two of world's largestoil & gas producers and the parties agree to enter into major gassupply contract

- On March 24, 2014, NDREnergy Group was awarded a new contract and sells a record $6.2 million ingas prior to official start of bid week gas trading

- On March 20, 2014, Universalannounces it is in talks for a joint venture for a contract to sell 2million barrels of crude oil in a deal valued at $200 million

- On March 19, 2014, NDREnergy sets a new sales record and projects $25.19 million for firstquarter 2014. NDR breaks previous records and sales increase 103.22%

- On March 12, 2014, UniversalBioenergy announces it is in talks for joint venture for energy contractsand forecasts profits of $20 million

- On March 11, 2014, NDREnergy Group announces launch of a new division for daily gas sales toincrease profits and meet the growing demand from its customers

- On March 7, 2014, NDREnergy Group projects record sales of natural gas for March 2014 and salesjump 318% to $12.13 million

- On March 6, 2014, UniversalBioenergy announced its preliminary fiscal second quarter financialresults. Its sales were up 12.78% to $32.57 million and expensesare down53.00%

- On November 6, 2013, UniversalBioenergy announced its fiscal 2013 financial and operating results withrevenues of $60.21 million

- On October 28, 2013, UniversalBioenergy announced its November sales were up 108% andjumped to $9.78million

- In October 2013, NDREnergy was awarded a $11.38 million contract to supply gas to amajorwest coast utility

- In September 2013, NDREnergy signed acontract to supply a major electric power electricutility in southern California

Universal's President Vince M. Guest states, "We remain very positive about the future prospects of the Company. We are still experiencing double-digit growth and believe we will remain on that course and that profitability is clearly in sight. Our dedicated management team at Universal Bioenergy and NDR Energy Group has produced the fine results that we have achieved, and we could not have accomplished all of this without their help and support. As we continue to grow, two major objectives for us is to create solid earnings for the Company and increase the wealth of our shareholders."

AboutUniversal Bioenergy Inc. Founded in 2004, Universal Bioenergy Inc., is a publicly traded independent diversified energy company that produces and markets natural gas, petroleum, coal andpropane. We market energy resources to the largest public utilities, electric power producers and local gas distribution companies in the U.S., that serve millions of commercial, industrial and residential customers. We are also engaged in the acquisition and development of existing or recently discovered oil and gas fields, leases and surface coal mines. For more information visit www.universalbioenergy.com

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 lookingstatements, whether as a result of new information, future events or otherwise, except to the extent legally required.

For inquiries contact: Media Relations: Solomon Ali 704-837-5705

SOURCE: Universal Bioenergy Inc.

Associated Documentation:
http://www.eteligis.com/ViewSubmission.aspx?submissionRequest=25597 - Link to submission on http://www.eteligis.com

© 2024 Canjex Publishing Ltd. All rights reserved.