DGAP-News: Universal Bioenergy, Inc.: Universal Bioenergy's - NDR Energy Group Announces Record Setting Revenues $55.41 Million for 2010
ID: 394161
Universal Bioenergy, Inc.: Universal Bioenergy's - NDR Energy Group
Announces Record Setting Revenues $55.41 Million for 2010
27.04.2011 / 11:14
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PRESS RELEASE
Universal Bioenergy's - NDR Energy Group Announces Record Setting Revenues
$55.41 Million for 2010
IRVINE, Calif., April 27, 2011 - Universal Bioenergy Inc. (OTCBB/Pink
Sheets: UBRG), a publicly traded energy company announced that 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.
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.
For inquiries contact: Media Relations: Solomon Ali at 704-837-5705
- END -
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: Vince Guest
Universal Bioenergy Inc
Phone: (888) 263-2009
Fax: (951) 281-4653
19800 MacArthur Blvd., Suite 300
Irvine, CA 92612
www.universalbioenergy.com
End of Corporate News
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121574 27.04.2011Unternehmensinformation / Kurzprofil:
Datum: 27.04.2011 - 11:14 Uhr
Sprache: Deutsch
News-ID 394161
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