April 20, 2010 (FinancialWire) — Universal Bioenergy Inc. (OTC: UBRG) has signed the contract and completed the final closing of the transaction with NDR Energy Group LLC to create a next-generation alternative energy company.

On April 14, 2010 notification of the closed transaction was filed with the Securities and Exchange Commission on form 8-K, which included a copy of the definitive agreement.

NDR, which markets energy and fuel such as natural gas, said it has firm contracts signed with 22 major utility companies nationwide, including Southern California Gas Company, Pacific Gas & Electric, Baltimore Gas & Electric, NICOR, Michigan Consolidated Gas (MICHCON), and the National Grid, the largest power producer in New York state. It is negotiating contracts with 14 other major utility companies and suppliers.

Founded in 2007, Universal Bioenergy Inc. is an alternative "green energy" company that intends to create and market natural and alternative energy sources including solar, biofuels, wind, synthetic fuels and related energy technology products.

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