IRVINE, Calif., Sept. 4, 2014 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCPINK:UBRG), a publicly traded independent diversified energy company, announced that shares of its common stock broke all previous trading records and soared more than 166.67%. Its stock set a new all-time high in trading volume of 333,682,888 shares after it reported it signed an agreement to supply natural gas to one of the nations largest producers and transporters of energy that reported over $13 billion in revenues in 2013.
Investors rapidly snapped up the stock at a rate of over 51.33 million shares per hour throughout the trading day for a gain of 166.67% over Tuesday's closing price. A total of 333,682,888 shares were traded on Wednesday, September 3, 2014, which was 23.30 time (2329%) times the average trading volume of Universal's shares. The 333,682,888 shares traded broke all previous trading barriers and set an all-time new record high in trading volume for a single day in the history of Universal Bioenergy.
Solomon Ali, Universal's Senior Vice President says, "This was a great day for our Company and our shareholders. This was the largest trading day ever in our Company's history. With the announcement that our subsidiary NDR Energy Group signed an agreement to supply natural gas to one of the top five largest electric and gas power companies in America, the investment community reacted very favorably and consider Universal a good long-term investment. We are very bullish about the future of the Company and the energy industry."
About Universal Bioenergy Inc.
Founded in 2004, Universal Bioenergy Inc., is a publicly traded independent diversified energy company that produces and markets natural gas, petroleum, coal and propane. We market energy resources to the largest public utilities, electric power producers and local gas distribution companies in the U.S., that serve millions of commercial, industrial and residential customers. We are also engaged in the acquisition and development of existing or recently discovered oil and gas fields, leases and surface coal mines. For more information visit www.universalbioenergy.com.
Safe Harbor Statement- There are matters discussed in this media information that are forward-looking statements within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. Such statements are only forecasts and actual events or results may differ materially from those discussed. For a discussion of important factors which could cause actual results to differ from the forward-looking statements, refer to Universal Bioenergy Inc.'s most recent annual report and accounts and other SEC filings. The company undertakes no obligation to update publicly, or revise, forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.