UBRG must read. UBRG Oversold.
Universal Bioenergy is a high growth company, that generated over $71.74 million in revenues for the fiscal year ended December 31, 2011. In July of 2011, the Company announced that it was expanding into the propane gas market. As part of its new business model, NDR Energy is positioning itself to be a huge player in the propane gas market. The Company believes this will be another major profit center for them. The contract was awarded by a customer that is a regulated subsidiary of a public utility holding company that has been distributing natural gas for 160 years and is headquartered on the east coast. The utility delivers natural gas to more than one million residential, commercial and industrial customers throughout the Mid-Atlantic region.
IRVINE, Calif., July 9, 2012 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCMarkets:UBRG), a publicly traded independent diversified energy company, that markets and distributes natural gas, propane, petroleum and coal, announced that its subsidiary, NDR Energy Group, sold over 1.86 billion cubic feet (Bcf) of natural gas, setting a new record for the month July, that will generate millions in additional sales revenues.
The volume of natural gas sold by NDR Energy, set a new record for July, and is the highest in the Company's history for July, and tops the previous record sales of 971.13 million cubic feet of gas in July of 2006. The 1.86 billion cubic feet of natural gas sold in July, is a 300.37% increase over the 619.24 million cubic feet of natural gas sold for the month of July 2011. These sales have already been booked, and sold, and the gas is currently being shipped to its electric utility customers and local distribution companies (LDC) for July.
IRVINE, Calif., July 5, 2012 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCMarkets: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).
