UBRG gets $120 million loan, UBRG has 3000% Profit potential.$120 million annual line of credit will cause UBRG business to explode.Undervalued and CHEAP. Please see most recent press releases
Dec 6, 2012 08:30:11 (ET)
IRVINE, Calif., Dec 6, 2012 (GlobeNewswire via COMTEX) -- Universal Bioenergy Inc., (otcmarkets:UBRG), a publicly traded independent diversified energy company, that markets natural gas, propane, and produces petroleum and coal, announced today that its major goal for the final part of 2012 and early 2013 is to build stronger business fundamentals for the Company, and a drive to generate solid earnings for the Company. The Company intends to increase its operating income and earnings through current and future acquisitions in the energy industry, and high profit centers which will include gas storage, physical and financial gas trading, transportation, management and higher sales of natural gas, petroleum, propane, oil and coal.
The Company's plans for generating positive earnings include the following:
-- Changing its strategy for obtaining our supplies of natural gas.
-- Obtaining more bank funding, lines of credit, and Letters of Credit
beyond its current $20 million in trade credit to purchase more natural
gas for sale.
-- Re-negotiating its existing supplier agreements to purchase natural gas
in larger quantities, with greater economies of scale, on better terms,
at lower purchase costs.
-- Plans to market more thermal steam coal to sale to other major coal
producers, its electric utility customers for power generation, and to
the global energy market.
-- Sales and distribution of propane, electric power and refined energy
products with higher profit margins.
Universal's President Vince M. Guest states, "We are in the relentless pursuit and drive toward building a company with stronger business fundamentals, financials, and positive earnings and profitability. Our major focus is the aggressive pursuit of increasing returns to our investors, and bringing maximum wealth to our shareholders. We believe that implementing these strategies should increase our earnings, and have a very positive effect on the price of our stock and our market value."