Showing posts with label UBRG. Show all posts
Showing posts with label UBRG. Show all posts

Thursday, July 5, 2012

Universal Bioenergy (OTCBB:UBRG) Approval of 20% Special Stock Dividend

Universal Bioenergy (OTCBB:UBRG) Approval of 20% Special Stock DividendAtlanta, GA 7/5/12 (StreetBeat) -- Universal Bioenergy Inc., (OTCBB:UBRG), a publicly traded independent diversified energy company, that markets natural gas, propane, and produces petroleum and coal, announced that the Company has received final approval from the Financial Industry Regulatory Authority (FINRA) for its 20% special stock dividend. The Company filed formal notification of the FINRA approval with the full details of the special stock dividend in a Form 8-K Report on July 3, 2012, with U.S. Securities and Exchange Commission (SEC).

On June 6, 2012, the Board of Directors of Universal declared a 20% special stock dividend to its shareholders on a 10 for 2 basis, providing the shareholders with an immediate 20% return.The special dividend will pay all registered shareholders on record as of July 13, 2012, a 20% stock dividend, or 2 shares of common stock, for every 10 shares of common stock held by all shareholders of record. To receive the dividend the investor must be a registered shareholder of record on the Company's books on or before the record date of July 13, 2012. Shareholders who are not registered as of this date will not receive the dividend. Shareholders should review the Form 8-K Report for the full details.

Universal's Senior Vice President, Solomon Ali states, "I am very pleased that we have completed the approval process with FINRA, and have filed the required documents with the SEC. One of our major goals is to reward our loyal shareholders for their continued support, and this special dividend is a very good way for us to demonstrate that."

This information will also serve to correct an error in a Press Release dated June 6, 2012, that indicated that the Record Date for the dividend was June 13, 2012. The correct Record Date as indicated in the Press Release on June 26, 2012 and the Form 8-K Report is July 13, 2012.

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.

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Monday, February 27, 2012

Universal Bioenergy (Pinksheets:UBRG) Trades Over 7.13 Million Shares on News of 2011 Record Sales of $71.74 Million

Universal Bioenergy (Pinksheets:UBRG) Trades Over 7.13 Million Shares on News of 2011 Record Sales of $71.74 MillionPalm Beach, FL 2/27/12 (StreetBeat) -- Universal Bioenergy Inc., (Pinksheets:UBRG), a publicly traded independent diversified energy company, announced that 7,130,020 shares of its stock traded on Friday February 24, 2012 after it reported that it set a new record of over $71.74 million in sales for the fiscal year ending December 31, 2011. The Company's annual sales continue to grow at double-digit rates. The $71.74 million in 2011 sales was a 73.75% increase over the $41.29 million in reported sales for 2010.

Encouraged by the news of the 2011 record sales, investors quickly purchased the stock at a rate of nearly 3.5 million shares per hour, or over 58,000 shares per minute in the last two hours of the trading day. This was the highest volume trading day for 2012 thus far. A total of 7,130,020 shares were traded on Friday, which was about 9.68 times the average daily trading volume of 736,646 of Universal's shares.

Solomon Ali, Universal's Senior Vice President says, "That was a very strong trading day for the Company, and it certain demonstrates strong investor interest in the Company. We are trying to build a greater sense of confidence in the Company and its future growth by our shareholders and investors. The year 2011 was the best year in our history so far, and we project an even stronger future in terms of revenues and potential profits this year. We hope this interest will have a positive impact on our stock price and the value of the Company. We are continually pursuing various means to bring increased value to our shareholders."

The $71.74 million in revenues are 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.

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Thursday, January 26, 2012

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

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