IRVINE, Calif., Nov. 8, 2012 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCMarkets:UBRG), a publicly traded independent diversified energy company, announced, the Orange County Business Journal, in its November 5-11, 2012 issue's, Special Report on the "Fastest Growing Public Companies", ranked Universal Bioenergy as #4, on the list of the 69 fastest growing companies in Orange County, California. The Special Report indicated these companies are on the rise in spite of the recession. The Report said the 69 fastest growing companies had combined revenues of $85 billion for the 12 months through June 2012, up 27% from the same period two years earlier.
The list included a mix of fortune 500 companies, small companies trading on over-the-counter exchanges, and other in between.
Universal Bioenergy is a high growth company, that generated over $71.74 million in revenues for the fiscal year ended December 30, 2011. Through NDR Energy Group, its subsidiary, it has contracts to sell natural gas to 30 of the largest public utilities, electric power producers and local gas distribution companies that serve millions of commercial, industrial and residential customers throughout the country.
According to the Report, Universal Bioenergy, experienced a 2 year sales growth of 310.5%, and revenues of $57.3 million for the period ending June 30, 2012. The Special Report stated, "The expanded list is a reflection, in part of the strides many of the areas's public companies have made to grow business in the aftermath of the recent recession, which ran from late 2007 to mid-2009."
Universal Bioenergy's President, Vince M. Guest states, "We are very excited and proud to be included among the ranks of the top 69 fastest growing companies in Orange County. It is a testament to the hard work of our innovative management team at Universal, especially Solomon Ali, our Senior Vice President, and Ken Harris, President of NDR Energy Group, our subsidiary in Charlotte. The Company is planning even greater growth and expansion through more acquisitions in in the energy industry, to generate more revenue, and drive the Company to long-term profitability."
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
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.