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Wednesday, 05/02/2012 6:58:25 AM

Wednesday, May 02, 2012 6:58:25 AM

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re: UBRG .016 Play4Profits: News today Universal Bioenergy's NDR Energy Signs Contract With Largest Gas Utility in U.S. for Natural Gas Storage
6:30a ET May 2, 2012 (GlobeNewswire)

Universal Bioenergy Inc., (OTCMarkets:UBRG), a publicly traded independent diversified energy company, that markets natural gas, propane, and produces petroleum and coal, announced today that NDR Energy Group, its subsidiary, signed an agreement for natural gas storage facility services with the largest natural gas distributor in the U.S. to generate more revenue and profits. This agreement is expected to provide a major game changer for the Company in terms of generating strong potential earnings for the Company.

The gas distribution company supplies and delivers natural gas to over 20.9 million customers on the west coast. Its parent company, a Fortune 500 company, traded on the New York Stock Exchange, reported revenues of $10.0 billion in 2011, in its annual report.

NDR Energy Group, signed a Master Core Secondary Market Services Agreement with the gas utility under their Park, Loan and Wheel Program for natural gas storage facility services. Under the terms of the Agreement, the company which owns and operates 134 billion cubic feet of underground gas storage facilities will provide the storage facility, and Universal / NDR Energy Group would purchase, supply and transport the natural gas from the gas fields to the facility for storage. NDR Energy will sell the natural gas in the marketplace to meet seasonal load imbalances, engage in futures contracts and spot market sales, physical gas trading, financial gas trading; includes hedging, and the use of natural gas derivatives and other financial instruments to generate greater revenues and profits.

Universal's President Vince M. Guest states, "We are very excited about this agreement. We have been talking about this for over a year, and now NDR has done it. This is a real game changer for us. NDR Energy will now add gas storage as one of our major new profit centers for the Company. This should bring us significant revenues and profits in the coming year. Gas storage will position us to generate millions in potential sales and profits from gas trading, hedging, management, options, swaps and transportation. NDR Energy has been working on this deal for many months, and has finally scored a major financial coup for the Company. The contract limits NDR Energy from disclosing the customer's name and certain details of the transaction, however, we'll be providing more details on the benefits to our shareholders at later date."

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. For more information visit www.universalbioenergy.com

The Universal Bioenergy Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6784

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.

http://stockcharts.com/c-sc/sc?s=UBRG&p=d&b=11&g=0&id=p17970548896

UBRG Security Details
Share Structure
Market Value1 $4,521,813 a/o May 01, 2012
Shares Outstanding 282,613,298 a/o Apr 13, 2012
Float 107,917,072 a/o Nov 07, 2011

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