IRVINE, Calif., June 19, 2012 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCMarkets: UBRG), a publicly traded independent diversified energy company, in its plans for growth and expansion, announced today that its subsidiary NDR Energy Group, has established a new division to market and distribute refined petroleum based energy products to generate greater revenues and higher profit margins for the Company.
The new division will market and distribute refined petroleum based energy products including industrial fuels, diesel fuels, kerosene, jet fuel aviation fuels, Jet A and Jet A-1, motor oils and other lubricants. NDR Energy Group will be contracting directly with manufacturers and producers of the energy products to market through its distribution channels. The products will be sold in bulk to its existing customer base, and its expanding customer base which will include federal and state agencies, U.S. military, cities, municipalities and large commercial and industrial companies. Refined oil energy products typically have relatively high profit margins, and should generate additional streams of revenues and profits for the Company.
NDR Energy Group's President Ken Harris stated, "I am excited to announce that we have activated a relationship with a very large independent producer of refined oil products. Their reported sales have exceeded $450 million in a single year. Additionally, we are fortunate that they have agreed to re-establish what may ultimately be a very substantial national relationship. In addition to our marketing relationship with our refined products partner, we have also had considerable progress towards developing a private label of NDR refined products."
Harris goes on to say, "The development of this vertical is a critical necessity for our company. Because of the growth and success of our core natural gas business, we continue to access the executive suites of energy companies, transportation companies and construction firms who have a dynamic need for refined products. In recent months, a number of those companies have expressed an interest in purchasing refined oil products through NDR, including oils, lubricants and jet fuel. In light of our favorable position concerning these potential opportunities, we moved to access the necessary commodities with an existing business partner. Diversification of our product offerings is an important part of our effort to amplify our margins and grow our customer base."
About NDR Energy Group LLC
Founded in 2005, NDR Energy Group, headquartered in Charlotte, N.C., is an energy company that markets and distributes natural gas and propane (HD-5), to major electric utilities and municipalities throughout the U.S. NDR provides energy management services to assist its clients in finding efficient and economic solutions. We also can provide other energy products such as refined petroleum products, energy efficient lighting systems and sustainable, alternative and renewable energy solutions to reduce our client's energy costs. For more information visit www.ndrenergy.com.
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
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