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Ubrg huge numbers out!! Universal Bioenergy's NDR Energy Group Announces Record Setting Revenues of $55.41 Million for 2010
Press Release Source: Universal Bioenergy Inc. On Wednesday April 27, 2011, 1:00 am EDT
IRVINE, Calif., April 27, 2011 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc. (Pink Sheets:UBRG - News), 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 GlobeNewswire, Inc.
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.
Contact: Media Relations:Solomon Ali704-837-5705
Posts: 598 | Registered: Mar 2005
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Universal Bioenergy Announces NDR Energy Group Awarded $3.6 Million Gas Supply Contract Reflects Growing Strength and Value of Its Customer Portfolio
Press Release Source: Universal Bioenergy Inc. On Monday May 16, 2011, 7:00 am
IRVINE, Calif., May 16, 2011 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc. (Pink Sheets:UBRG - News), a natural and alternative energy company, announced that it's subsidiary NDR Energy Group was awarded another contract on May 12, 2011 to supply 775 million cubic feet of natural gas with an estimated value of $3.6 million to one of the nation's largest gas utility companies.
The customer that awarded the contract is headquartered on the West Coast, and is one of the largest natural gas distribution utilities in the United States with millions of residential, industrial and commercial customers in its service area. Under the terms of the agreement NDR Energy Group is to supply natural gas to the customer for a period of thirty days.
Universal's President Vince M. Guest states, "We are really excited about the continued acquisition of new strategic natural gas supply contracts by NDR Energy. This contract award should open up opportunities to obtain more and larger gas contracts with this and other customers in the future. This award demonstrates the excellent partnerships Ken Harris, President of NDR Energy, and his team are rapidly making in building our customer base with major utility companies. The agreement limits us from disclosing the customer's name and details, however this contract award should generate an estimated $3.6 million in additional revenue for the Company. We believe the growing strength and value of our customer portfolio should bring more value to our shareholders, as we position the Company to make it more attractive to institutional investors and others."
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.
Safe Harbor StatementSafe 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 Ali704-837-5705
Posts: 598 | Registered: Mar 2005
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Universal Bioenergy Prepares to File Financials and Expects Improved Value for Shareholders IRVINE, Calif., Jun 30, 2011 (GlobeNewswire via COMTEX) -- Universal Bioenergy Inc. /quotes/zigman/489987 UBRG +5.43% , a natural and alternative energy company confirms that it expects filing its Form 10K Annual Report with audited financials with the U.S. Securities and Exchange Commission next week.
The Board of Directors met with its Certified Public Accountants and Independent Auditors this week to review the final details and status of the audit for Universal Bioenergy and NDR Energy Group. The Company is working diligently with its certified public accountants, independent auditors and legal counsel to complete the final review and approvals for filing the Report.
Universal's President Vince M. Guest states, "We wish to apologize for any inconvenience this filing delay may have caused to our shareholders, stakeholders and the investment community. This has taken a great amount of effort for us, due to all of the major activity during 2010, in terms of acquisitions, joint ventures and the intensive drive for revenues. However, we want to ensure our Shareholders that we are reporting the most accurate information and financial statements in the Form 10K Annual Report, for full compliance with FINRA, GAAP and SEC guidelines."
"We are very excited about the audited financials that will be filed. We believe the numbers will fully confirm and support all of the activities and information that has been released in the news this past year. It will also demonstrate our successes and prove that we accomplished the goals we set out to achieve, and did what we said we would do. We have not released any news to the public recently because we wanted to place a major focus on completing our financials for filing. However, Management has been working on several major acquisitions and transactions, and will release information on these to the public after we have completed the filing of our financials. We are very excited and encouraged about these and believe our shareholders will be also, as we expect it to bring them significant value," says Solomon Ali, Universal's Senior Vice President.
About The Company
Universal Bioenergy Inc. is an alternative energy company, and intends to create and market natural and alternative energy sources including natural gas, petroleum, solar, biofuels, wind, synthetic fuels and related energy technology products. It plans to build the company into a prominent player in alternative energy.
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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