IRVINE, Calif., July 2, 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 wholesale electricity throughout the U.S. to generate increased revenues and profits. Universal already markets and distributes natural gas, propane, petroleum and coal, and now it will expand into electric power.
The new division will market and distribute bulk wholesale electric power to its current electric utility 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. NDR Energy Group will be able to offer integrated energy solutions that will assist its growing customer base to buy, manage and use electricity and natural gas.
Electricity is often generated by an electric power utility that will not deliver it to the ultimate end user or customer. A single megawatt (MW) of electricity can typically provide enough power to light 750 to 1,000 homes. Electricity is a commodity like oil, gas, coal, and coffee, and it is often bought, traded and re-sold many times before it is finally consumed by the end user. These transactions make up the wholesale electricity market and are considered "sales for re-sale".
The U.S. Congress passed laws in the 1980's to make it possible for independent companies and power marketers to engage in wholesale power sales and energy trading, as electric utilities began to share grids and buy and sell electricity from one another. Due to the interstate nature of the sales, the wholesale market is regulated across the country by the Federal Energy Regulatory Commission (FERC).
NDR Energy Group's President Ken Harris says, "I am happy to announce our development of a new power division at NDR. Mike Duvall, who now manages our Houston office, is an expert concerning power and electric transactions. Mike is a perfect partner as we leverage our current relationships with some of the largest utility companies in the country to engage in power and electric marketing and sales. As we increase our volume and sales concerning base load natural gas transactions, it is critical that we have the vision to diversify and exploit new opportunities as they present. It is a natural progression for NDR to move into power and electric sales."
Universal's President Vince M. Guest states, "Universal is constantly exploring new ways to be innovative, and develop new products and services to generate more revenues and profits. This new electric power division is a direct result of our intent to improve our business model, expand the Company and bring more value to our shareholders. The new electric power division will be run out of NDR Energy Group's new offices in Houston. Our goal is to be one of the largest independent diversified energy companies in the U.S. We believe this is another major step in our efforts to meet that objective."
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.
CONTACT: Media Relations: Solomon Ali 704-837-5705
© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved
China Cell Phone Penetration Rate will Surpass 100 Percent - Salon
If you are planning to start an ecommerce business and you are pondering how the wholesale china operates? If that’s the case, you are in the good site. It is very much amazing if you are sourcing wholesale China since it is a low cost way in starting an online business which is profitable without any bank breaking.
According to the China Ministry of IT, the country’s phone penetration rate will surpass 100 percent for the first time by 2015. Does this means every single Chinese will own a mobile phone ? As we know, some people may have several, after all the mobile phone market in China is extraordinary.The china cell phone has already overtook the US as the world’s biggest smartphone market in the first quarter of this year, thanks to the booming sales of Apple’s iPhone and other cheap Android phones.
Nevertheless the first concern that certainly comes to your mind is that if you could possibly obtain branded items in wholesale China.Undoubtedly, the answer is no. So that you can understand isn’t it an option for a merchant like you if you purchase immediately branded goods from wholesale China. Here are several reasons behind to obtain an idea why it is not necessarily probable in such cases. First, the brand’s exert may possibly handle the product sales of the items from their manufacturer to their product sales outlet. Second, the brand’s exercise handles the supply chains of the item. You may possibly also find out that there are situations it could be possible to search for a different models which is available in several countries nevertheless the issues is that it can’t be profitable business structure in Western countries although it has lower taxes in one product that is cheaper at retail price China.
Are you able to get positive aspects from acquiring non-branded products in wholesale China? Well it could be pointless to make an attempt to source goods with brand from the vendors of wholesale China and you could possibly be disappointed about it. Actually, there are handful of benefits you can get form obtaining non-branded goods from wholesale China. You can be at liberty in selling goods under your name if you purchase items with no brands like for example there is an options of having custom labeling and packaging with your name when you easily buy it from China. You can also obtain the high quality products at a suprisingly low rate when you acquire it from a reputable source in China. So for you to get the item at a cheap price, buy them from the china wholesale electronics.
China is expected to have 1.4 billion phone users with a penetration rate of 100 percent, compared with 85 percent at the end of 2010. 3G users will have about 450 million. The country will also start to improve the average broadband bandwidth capacity in urban regions to 20 megabytes per second, 5 to 10 times faster than the current level.
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