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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Universal Bioenergy In Final Negotiations For Major Energy Transactions As It Gears Up For More Expansion

IRVINE, Calif., Sept. 18, 2012 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCMarkets:UBRG), a publicly traded independent diversified energy company, announced today that it is moving forward quickly to close several major joint ventures, close several new energy supply contracts, and is in final negotiations to close on several major energy transactions. All of the Company's divisions are being positioned for significant growth and expansion. Universal Bioenergy is in advance negotiations on some transactions, and other transactions are being negotiated through its other subsidiaries, including NDR Energy Group, Texas Gulf Oil and Gas and Whitesburg Friday Branch Mine.

Some of the transactions that are being negotiated are;

Major Transaction in Negotiations

  • Final negotiations with a major multi-billion dollar energy company for a long-term natural gas supply contract
  • Final negotiations for a joint venture with a billion dollar energy company to supply its customers with natural gas throughout the U.S.
  • Negotiations with a major Midwest electric utility to supply them with thermal steam coal
  • Discussions to sell coal to a  U.S. Government owned utility with the fifth largest electric power generating capacity in the U.S., that provides electric  power in 7 states
  • Finalizing approval for a multi-million dollar line of credit to buy natural gas with a major gas supplier to increase revenues
  • Plans to export large quantities of thermal steam coal to companies in several foreign countries
  • Pending approval of a Power Marketing license from the Federal Energy Regulatory Commission (FERC) to market electric power
  • Negotiations with several major electric utilities to sell them electric power to meet their needs for power demand
  • Discussions with several major commercial / industrial companies to sell them natural gas to diversify our customer base outside of electric utilities
  • Negotiations for a joint venture with several companies to import and sell several million barrels of oil  monthly and refined oil products, including diesel fuel, aviation fuel and lubricants 

Universal's President Vince M. Guest states, "We are very excited that all of our subsidiaries are aggressively gearing up for major expansion for the next three to six months, through more joint ventures, energy contracts and acquisitions. Our acquisition team has been working very hard to find the right targets for us to acquire. The list mentioned in this new release, is just a sample of many of the transactions we are working on throughout all areas of the Company. We are pushing hard in an effort to reduce our debt, improve our balance sheet, and achieve positive earnings in the next one to two quarters, if possible. We are planning to appoint a new president of Texas Gulf Oil and Gas, as it will be playing a much greater role in this major expansion, and it may even eclipse some of our other divisions and subsidiaries in terms of revenue growth and potential profitability. We will be providing full information to the public on all of these transactions in the very near future as these individually close. We believe these strategic transactions, should they be completed, should have a very positive effect on our stock price and our shareholders. We encourage our shareholders to watch the news as these transactions unfold".

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs