IRVINE, Calif., Aug. 28, 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, has continued sales of commercial coal from the Whitesburg Friday Branch Mine (WFBM) in Whitesburg, Kentucky and has begun generating revenue. The Company forecasts the sales of coal could generate an estimated average of $52.80 million in revenues and an estimated $5 million to $8 million in earnings annually.
Universal Bioenergy Starts Generating Revenues From Coal Sales From Whitesburg Coal Mine
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.