|By Marketwired .||
|May 9, 2014 02:05 PM EDT||
IRVINE, CA -- (Marketwired) -- 05/09/14 -- Universal Bioenergy Inc. (OTC Pink: UBRG) (PINKSHEETS: UBRG), a publicly traded independent diversified energy company that markets and distributes natural gas, petroleum, coal and electricity, is planning a major business summit for the senior management of its Company and some of its strategic business partners in its efforts to chart a course to build a stronger company.
The Company's management will be making plans to adjust its business model, looking at market trends, and restructuring certain aspects of the company to improve its overall performance and increase its sales and profits. A major focus will be to increase shareholder value and improve investor returns.
Universal's President, Vince M. Guest, states, "We feel the future growth prospects of our company remains strong. The major purpose of the business summit is to provide a forum to review our past performance, our successes and failures, and to identify effective strategies to improve our long-term performance. We'll be evaluating our assets, resources, products, technologies and services in the light of future trends, to deliver the best products to our customers. We will be exploring better ways to streamline our operations and focusing on the most effective market channels and product categories to ensure our success. In spite of the worst depression in U.S. history, a previous DTC 'chill' on our stock, setbacks in the world economy, we were still able to build a company from zero sales to over $60 million annually in three years. Moreover, we believe we're on the road to $100 million in sales and should achieve profitability this year. We are having this strategic business summit to discover ways to increase our sales, improve our share price and develop a stronger more profitable company. We feel our loyal shareholders deserve this, and more."
Universal Bioenergy is a high growth diversified energy company that is experiencing double-digit growth. NDR Energy Group, a subsidiary of Universal Bioenergy, sells natural gas to many of the largest public utilities, electric power producers and local gas distribution companies that serve millions of commercial, industrial and residential customer in the United States.
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.
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