UBRG News Universal Bioenergy's NDR Energy Group Awarded Multi-Million Dollar Natural Gas Supply Contract With Major Utility

2012-07-03 06:00 ET - News Release

IRVINE, Calif., July 3, 2012 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCMarkets:UBRG.PK), a publicly traded independent diversified energy company, that markets and distributes natural gas, propane and coal, announced that NDR Energy Group, its subsidiary, was awarded a contract to supply natural gas to one of the largest gas and electric utility companies in the United States.

Under the terms of the contract NDR Energy Group is to supply the customer with an estimated 35,000 mcf per day, or a total of 1.085 billion cubic feet (bcf) of natural gas for the month of July, 2012. The contract is projected to generate millions of dollars in revenue.

NDR Energy Group was awarded the contract by one of the largest combination natural gas and electric utilities in the United States. The Utility serves approximately 5.2 million electricity distribution customers and approximately 4.3 million natural gas distribution customers throughout a 70,000-square-mile service area on the west coast. Its parent company is traded on the NYSE and reported revenues of $15.0 billion in its 2011 annual report.

Universal Bioenergy is a high growth company that is rapidly growing at double-digit rates. NDR Energy Group markets and distributes natural gas and propane under contract to 29 of the largest public utilities, electric power producers and local gas distribution companies that serve millions of commercial, industrial and residential customers throughout the country.