Press Release Source: Universal Express Inc.
Universal Express' Post ''E'' Update
Friday November 17, 12:42 pm ET
NEW YORK--(BUSINESS WIRE)--Universal Express Inc. (OTCBB: USXP - News), reported today that, "despite the issuance and subsequent removal of a non-significant 'E' on USXP's trading symbol, Universal Express has continued vigorously on its funding, business, and acquisition programs," stated Richard A. Altomare, Chairman and CEO of Universal Express.
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"Universal Express maintains its growth in trucking, aviation, luggage movement, college deliveries and its private postal trade association. In fact, our Luggage Express business continues to increase at the rate of 65% per month," continued Mr. Altomare.
"Our Franchise (LEAP) program continues to wait for federal and state governmental approval of its franchise documents. We intend to offer 250 franchises at $250,000 per franchise."
"Our Oil and Gas Acquisition Program of over $650,000,000 USD gross sales continues, despite the "E" related difficulties caused to our company."
"Luggage Express Found, our trucking delivery service, has developed and begun implementation of its E-LUGGISTICS (TM) tracking system and has aggressively grown its business 76% from our initial acquisition. That was the only 'E' I was pleased with in the past thirty days," said Mr. Altomare.
He continued, "MadPackers has begun numerous synergistic businesses, concert tours and strategic alliances soon to be proudly announced."
"Financial Fundings and my Middle East visitations can now resume due to the delays caused by the unnecessary E which also substantially affected our shareholder capitalization."
"Numerous acquisitions not yet made public have been delayed pending the removal of this unfortunate E," continued Mr. Altomare.
"Our Postal Nation trade association reports a growth of 5% during the past 30 days. Our Universal Jet has also reported increased earnings and bookings."
"I am subsequently informed that the technical automation and communication difficulties between the various stock quotation sites has confused and even aborted numerous Universal Express USXP and USXPE press releases over the past 30 days."
"I wish to applaud our legal team, accounting staff, loyal shareholders and law abiding officials for their assistance and guidance during these past 30 days of concern," stated Mr. Altomare.
"Our 'non-significant' E is gone, but those who know this company know the action will not be forgotten."
"The 'significant' facts regarding Universal Express are its industries, its loyal shareholders, its mission and its naked short selling causes. I'll leave the non-significant issues to those who are equally non-significant in our accomplishments and our eventual resolve," concluded Mr. Altomare.
About Universal Express
Universal Express, Inc. is a 22 year old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com
Safe Harbor Statement under the Private securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission
Contact:
Universal Express, Inc.
Mark Falk, 561-367-6177
publicrelations@usxp.com
Source: Universal Express Inc.
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