Universal Bioenergy Inc. (fka UBRG)

[irishlady]

Universal Bioenergy, an American Energy Company, Signs Major Contract in Joint Venture with Global Energy Group and Forecasts Sales of $100 Million

May 13, 2014

IRVINE, CA, United States, via eTeligis Inc., 05/13/2014 – - Universal Bioenergy Inc., (OTCPINK: UBRG), a publicly traded independent diversified energy company, that markets and distributes natural gas and petroleum, announced that it has signed an agreement in a joint venture with Global Energy Group LLC. Universal Bioenergy is forecasting that an estimated $ 100 million in annual revenues could be generated through the joint venture from the financial trading from the energy contracts. The estimated profits from the joint venture are in the 2% to 20% range, or an estimated $ 2 to $ 20 million annually.

Universal Bioenergy entered into an Acquisition, Marketing and Distribution Agreement with Global Energy Group LLC. The Agreement is for the parties to engage in a venture whereby GEG will use its energy order fulfillment platform to engage in the physical and financial trading of natural gas, electricity, petroleum and related energy commodities. Global Energy Group LLC, the company’s major shareholder, with offices in the United States and the United Kingdom, is a holding company whose primary business is the acquisition of strategic business assets, companies, and investment or joint ventures in both private and public companies.

The proposed joint venture partners have positioned themselves to purchase and sell energy commodities in North America, Europe and the global energy markets. The parties plan to utilize highly experienced energy traders to engage in the physical and financial trading of natural gas, electricity, petroleum, diesel fuel and jet fuel. The venture partners plan to purchase and trade energy contracts on the spot and long-term market, and trade financial futures and power contracts to generate higher revenues, margins and earnings through Global Energy Group’s, Energy Platform.

Universal’s Senior Vice President Solomon Ali says, “We feel very excited about this new joint venture with Global Energy Group. We are fully prepared to capitalize on this opportunity. This gives us the right direction, at the right time and should help drive us to greater revenues and profitability. The potential earnings for the venture is estimated at $ 2 to $ 20 million annually. Although we cannot guarantee an actual valuation, according to industry valuation standards using average P/E ratios from Standard & Poor’s, at a multiple of 15 times earnings, a valuation of $ 30 to $ 300 million dollars is an estimate of the potential additional market value of the earnings to Universal. We feel this should be very beneficial to our shareholders.”
http://www.pennystockhub.com/universal-bioenergy-an-american-energy-company-signs-major-contract-in-joint-venture-with-global-energy-group-and-forecasts-sales-of-100-million/