IRVINE, Calif., Feb. 12, 2013 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCMarkets:UBRG), a publicly traded independent diversified energy company, in its plans for growth and expansion, announced that its subsidiary NDR Energy Group, received final approval for its "Power Marketing License" from the Federal Energy Regulatory Commission (FERC) in a move that positions the Company to engage in the buying and selling of wholesale and retail electricity. The sales of electricity are projected to generate an estimated $96 million to $384 million in additional revenue for the Company.
Universal Bioenergy's NDR Energy Group Announces Approval Of FERC License In Major Move To Market Electric Power - Projects Sales Of $96 Million To $384 Million
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