NDR Energy Group Agrees to be Acquired by Universal Bioenergy

Executes Letter of Intent to Create Next Generation Alternative Energy Company


CHARLOTTE, N.C., Jan. 28, 2010 (GLOBE NEWSWIRE) -- NDR Energy Group LLC, an energy/fuel marketer, announced today that it is has agreed to be acquired by Universal Bioenergy Inc. to create a next generation alternative energy company.   After several months of discussions, the companies have signed a Letter of Intent for NDR to sell a major stake in the company to Universal Bioenergy, (Pink Sheets:UBRG) a publicly traded company.  

NDR’s focus has been marketing energy and fuel commodities such as natural gas, and transportation of petroleum fuels. NDR Energy Group marketed and brokered an estimated $60 million in energy and fuel in 2009. NDR is now seeking to expand into biofuels, propane and commercial energy efficiency conversions and retrofits. Some of NDR’s current clients include Southern California Gas Company, Pacific Gas & Electric, and the National Grid, the largest power producer in New York State.

NDR’s  President Gina Roy says, “We’re very excited about building a next generation alternative energy company with Universal Bioenergy. This acquisition should provide us with the resources we need to complete our plans for growth and expansion into biofuels, solar and energy efficiency projects. We believe it could increase our projected energy and fuel marketing to $280 million annually. We also feel this will give Universal the national sales and distribution channels that it needs for its energy products. Our management team considered many strategic alternatives, and we feel this venture with Universal is in the best interests of NDR Energy.”   

The final terms and conditions of the acquisition are being negotiated, and will be determined in the definitive agreement. Execution of a definitive agreement is subject to, among other things, confirming due diligence by Universal, standard regulatory approvals and other conditions and approvals by both companies management and board of directors.

About The Company

NDR Energy Group LLC is an energy and fuel marketer that specializes in marketing energy and fuel commodities such as natural gas, and transportation of petroleum fuels to major utility companies throughout the U.S. NDR also provides energy management, energy consulting services and products for lower cost energy efficiency solutions to its clients.

There are matters discussed in this media information that are forward looking statements. These statements relate to future events or future economic performance and reflect current performance and expectations of management. Certain unknown factors may affect the events, economic performance and results described herein.   Such statements are only forecasts and actual events or results may differ materially from those discussed. 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 as required by applicable law.


            

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