DGAP-News: Universal Bioenergy's NDR Energy Group Announces Expansion Into Spot Market Sales to Increase Profits
(firmenpresse) - Universal Bioenergy Inc.
12.02.2013 08:43
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Launches Commercial/Division in Joint Venture With One of Largest Gas Marketers
in U.S
IRVINE, Calif., 2013-02-12 08:43 CET (GLOBE NEWSWIRE) --
Universal Bioenergy Inc., (OTCMarkets:UBRG), a publicly traded independent
diversified energy company, that markets and distributes natural gas, propane
and coal, announced that NDR Energy Group, its subsidiary in Charlotte,
announced that with the launching of its new Commercial Industrial Division, it
has now expanded into the sales of natural gas sales in the spot market, and
daily and weekly gas sales. This expansion into the spot market sales of
natural gas is expected to significantly increase the gross margins and
earnings of the Company in its drive towards profitability.
On February 11, 2013, the Company announced that NDR Energy launched a new
sales division to begin marketing natural gas to large commercial and
industrial customers that could generate millions in additional revenue. The
Commercial/Industrial Division is now fully operational and is starting to
engage in spot market sales, and daily natural gas sales transactions. The
Company is planning to utilize specific pipelines and delivery points to ship
the gas, such as the Transco Zone 5 for the Carolinas, Southern for
SoCo-Alabama and Georgia, and Transco Zone 4 for Georgia.
NDR Energy Group signed an agreement, in a major strategic partnership with one
of the largest independent natural gas marketers in the United States.
According to the venture partner, it is the number one independent natural gas
marketer in the US., reporting sales of over $1 billion annually, it services
over 400 industrial and commercial customers, and maintains over 6 billion
cubic feet (BCF) of gas storage. This new partnership will allow NDR Energy to
sell natural gas, in association with the partner, to its industrial customers,
large commercial customers, and independent municipalities in North and South
Carolina, Georgia, Alabama, Mississippi, Louisiana, Tennessee, Kentucky and
Ohio.
Universal's President Vince M. Guest says, 'This is a major milestone for the
Company in terms of how we sell and market of natural gas. This allows us to
expand far beyond the sales of gas in the futures markets which has smaller
gross margins, into the spot market where the gross margins are significantly
higher. The gross margins in the spot market can be in the range of $0.05 to
$0.25 or more, and sometimes as large as $3.00 to $8.00 or more per mcf for gas
that was purchased in the summer months and stored for sales at higher prices
in the winter months. We feel this should have a very positive impact upon our
profits, earnings and the price of our stock.'
About Universal Bioenergy Inc.
Founded in 2004, Universal Bioenergy Inc., is a publicly traded independent
diversified energy company that produces and markets natural gas, petroleum,
coal and propane. 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. Formore information visit
www.universalbioenergy.com
The Universal Bioenergy Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6784
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:
Solomon Ali
704-837-5705
News Source: NASDAQ OMX
12.02.2013 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Universal Bioenergy Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US91337M1045
WKN:
End of Announcement DGAP News-Service
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Datum: 12.02.2013 - 08:43 Uhr
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News-ID 228390
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