Universal Bioenergy, Inc. (UBRG: OTC Link) | Universal Bioenergy’s NDR Energy Group Awarded Gas Supply Contract for Power Generation

Universal Bioenergy’s NDR Energy Group Awarded Gas Supply Contract for Power Generation

Aug 08, 2011

OTC Disclosure News Service

Irvine, CA –

Universal Bioenergy’s NDR Energy Group Awarded Gas Supply Contract for Power Generation

 

IRVINE, Calif.,  August 8, 2011 – Universal Bioenergy Inc., (Pink Sheets: UBRG), a publicly traded energy company,  announced today that NDR Energy Group, it subsidiary,  was awarded a contract to supply  natural gas  to one of the largest gas and electric utility companies in the United States for power generation.

 

The contract was awarded by one of the largest combination natural gas and electric utilities in the United States. The customer provides natural gas and electric service to approximately 15 million people throughout a 70,000-square-mile service area on the west coast. Its parent company is traded on the NYSE and  reported  revenues of $13.84 billion in its 2010 annual report.

 

NDR Energy’s CEO, Ken Harris states, “This transaction represents an outstanding accomplishment for our sales division. This transaction is a first for NDR. We have had huge recent success with our sales of natural gas to utilities for traditional residential and commercial usage.  However, we are now solidly involved in the sale of natural gas for power generation. Additionally, it speaks volumes about our company, in that we were able to complete this transaction with one of the largest utility companies in the country.”

 

“As part of our growth strategy, this is really a monumental step for us in selling gas for power generation.  The agreement limits us from disclosing the customers name and some  details, however the  value of the gas to be supplied under the agreement is approximately $1.9 million in a single month.  We feel this  should have a significant impact on Universal’s market value and have a positive effect on our shareholders. NDR is aggressively pursuing more deals in the power generation segment of the utility industry, and we anticipate more contract awards in the future”, says Universal’s President Vince M. Guest.

 

About  Universal Bioenergy Inc.

Universal Bioenergy Inc. is an  energy company, that intends to  market natural and alternative energy  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.

 

For inquiries contact: Media Relations: Solomon Ali at 949-559-5017

 

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Safe HarborStatement 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.

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/UBRG/news?id=33922

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