Universal Bioenergy (PK: UBRG) Announces Sales of 2.53 Billion Cubic Feet of Natural Gas in January

Tallahassee, FL. 1/25/12 (StreetBeat) -- Universal Bioenergy Inc., (Pnksheets:UBRG), a publicly traded independent diversified energy company, announced that it sold over 2.53 billion cubic feet (Bcf) of natural gas for the month of January. The natural gas was sold to several of its 28 major electric utility customers through its subsidiary NDR Energy Group.

One of the customers that purchased natural gas was the nation's largest natural gas distribution utility located on the west coast with over 20.7 million consumers, and another major electric utility which purchased gas for power generation for its approximately 15 million people throughout a 70,000-square-mile service area on the west coast. The sales volume of 2.53 billion cubic feet (Bcf) of natural gas was sold despite the mild winter on the east coast.

Universal Bioenergy is a high growth company which continues to grow at double digit rates. Through its subsidiary NDR Energy Group, it sells natural gas to 28 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.

Universal's President Vince M. Guest states, "We're very pleased with the sales volume that we made in the first month of this year. This is a great accomplishment for us especially in view of the continued soft economy and the unseasonably warm winter on the east coast. The sales of 2.53 billion cubic feet of gas is due in large part from our backlog of purchase agreements and demand for natural gas for use in power generation. Additionally, NDR Energy Group is expanding its sales of propane to some of our utility customers on the east coast. We are currently in negotiations with several other large electric utilities to obtain new purchase agreements to increase our revenues, and another major natural gas producer to obtain more gas for our expanding customer base. With our continued growth we are working very hard to achieve profitability this year."

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