IRVINE, Calif., June 20, 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, announced today it has made plans to accelerate the company's growth and expansion, increase revenues and profitability. The company is planning to take strategic steps to continually improve its financial performance with a sharp focus on increasing net earnings. The Company's acquisitions team is in high level talks with several companies in the energy industry for potential acquisitions.
The Company's management has determined that it is in its best interests to grow by mergers and acquisitions. Due to the increase demands of energy for the U.S and world market, and the bullish outlook for the industry, the Company appears to be poised for even greater growth in the near and long term. Universal expects profitability to be forthcoming in 2012, and it also believes that the Company can achieve high operating margins over the long run as its business continues to grow. Universal Bioenergy is exploiting changes in the energy market with the intent to propel the company to a dominant market position, and be one of the top independent energy companies in the United States. The Company continues to build at a super growth rate and has aggressive plans to grow itself into a billion dollar company in the next 2 to 5 years.
Highlights and Facts About Universal
- Universal is a high growth Company experiencing double digit growth of 50% to 75% annually
- Diversified energy portfolio of natural gas, petroleum, thermal coal and propane
- Successful completion and integration of recent mergers and acquisitions
- Revenues of $41.3 million for fiscal year ended 2010
- Revenues of $71.74 million for year ended 2011
- NDR Energy distributes natural gas to 29 of the largest public utilities in the U.S.
- The Company declared a 20% common stock dividend to its shareholders on a 10 for 2 basis
- NDR Energy signed a Gas Storage Contract with one of the largest gas distributors in the U.S.
- Whitesburg Friday Branch coal mine started operations in March and has started selling coal
- NDR Energy awarded gas supply contract by west coast utility valued at $11.74 million in March
- NDR Energy begins to expand customer base to include federal, state agencies and municipalities
- NDR Energy Group opened new offices in Houston in May to service its growing customer base
- NDR Energy signs gas supply contract with subsidiary of $6.44 billion Japanese company in May
- NDR Energy Group signs contract with one of the largest municipal utilities in the nation in June
- NDR Energy establishes new division to market and distribute refined petroleum energy products
- Universal is planning to be up-listed to NASDAQ stock exchange
- Plans to build a billion dollar company in the next 2 to 5 years through mergers and acquisitions
Universal's President Vince M. Guest states, "We're very excited about our major achievements and the future outlook for the Company. A major goal for 2012 and beyond is to begin to generate solid earnings for the Company and create an energy powerhouse. We intend to increase our operating income and earnings through current and future acquisitions in the energy industry, and high profit centers which will include gas storage, physical and financial gas trading, transportation, management and higher sales of natural gas, propane, oil, coal and refined petroleum based energy products. We recently began selling coal from the Whitesburg Friday Branch Mine in Whitesburg, Kentucky and it is should begin to generate immediate revenues."
Solomon Ali, Universal's Senior Vice President says, "We believe the best days for our growth are still ahead with our planned acquisitions. However, we feel the current price of our stock is highly undervalued and has the potential for tremendous growth. We are taking appropriate steps to improve the value of our share price. Many companies such as Wal-Mart and Amazon.com were producing revenues for many years before they produced any net earnings. Many of our investors have taken a long-term view of Universal that is similar to the long-term investment strategy of many early investors in Amazon.com. Amazon.com was founded in 1995 and did not expect a profit for at least four to five years. After nearly six years in business, it finally turned its first profit of $5 million on sales of $1 billion in the fourth quarter of 2001. Although we do not consider Universal to be an Amazon.com, their shareholders, as many of ours do, had a long-term view our those companies and were rewarded for their loyalty and patience. We believe our combined strategies for growth should increase the value of our stock, and enable us to build a strong profitable company for the long-term benefit of our loyal shareholders."
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, propane and refined petroleum energy products. 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
The Universal Bioenergy Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6784
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.