This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Universal Bioenergy Announces NDR Energy Group Achieves Record Sales Of $18.3 Million - 4.10 Bcf Of Gas

IRVINE, Calif., March 4, 2011 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc. (Pink Sheets:UBRG), a publicly traded alternative energy company, announced its NDR Energy Group in Charlotte had sales of $18.3 million, and sales volume of 4.10 billion cubic feet (Bcf) of natural gas for the months of January and February. NDR Energy Group completed sales of $8.9 million for January, with sales volumes of 2.2 Bcf, and estimated sales of $9.4 million for February, with sales volumes of 1.9 Bcf.

NDR Energy Group's President Gina Roy stated, "We're very excited about our sales this year. One of our paramount goals during the first quarter of 2011 is higher sales revenues and volumes. Last year we sold over $50 million in gas, or an average of $4.16 million monthly. For the first two months of this year, we sold an average of $9.15 million monthly. We've already exceeded last year's monthly average by over 100%. If we consistently achieve those monthly sales, we could potentially generate sales of over $100 million this year. Achieving that goal will confirm the effectiveness of our newly implemented marketing strategy. We have recently achieved substantial benchmarks at NDR related to sales volume. Now, we're laying the foundation for a much larger and more diverse customer base. We intend to supply our customers, in part, through our own gas supplies from the wellhead, through our relationship with Texas Gulf Oil & Gas. Focusing on increased sales volume with our current utility customers, and obtaining new sales opportunities with commercial and industrial customers, should generate greater profits for 2011 and beyond."  

About Universal Bioenergy

Universal Bioenergy Inc. is an alternative energy company that markets natural gas and green alternative energy, and is expanding into solar, biofuels, wind, synthetic fuels and related clean energy technology products. It plans to build the company into a prominent player in alternative energy.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,739.60 +120.09 0.68%
S&P 500 2,075.74 +12.63 0.61%
NASDAQ 5,016.0140 +29.1470 0.58%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs