posted
USXP is a stock that I see as a major discount at this PPS range because.
There are 2 spinoffs in the works.
One is a airline luggage transport spinoff
The other is a real estate holdings spinoff
Pending real estate acquisitions
Pending public shell acquisition
Pending acquisition of an airline posting revs of $70m per year, with a $4m deposit paid.
Possible government grant money on the table to conduct a study of seperating passengers from luggage, to help lighten the load on airport security and reduce threats to passengers.
Pending payment of $300m+ lawsuit judgement in USXP's favor.
All this and the fact that they are in an all out media blitz. Just take a look at the PR history for the last 2 weeks!
I'm in at .0018
Its worth your time to DD this company!
GLTA Rick
-------------------- Nothing moves a sub like news!!!
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posted
They have no history of R/S so i would hope that they do a buyback! The spinoffs should cover future capitol on the airline and the real estate ventures!
-------------------- Nothing moves a sub like news!!!
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quote:Originally posted by rickpic: They have no history of R/S so i would hope that they do a buyback! The spinoffs should cover future capitol on the airline and the real estate ventures!
Just thinking because they are selling those shares like crazy....
They will need those spinoff to bring in the money..... or and RS is a real possibility...
posted
The Coalition for Luggage Security Looking for Real Change Tuesday August 23, 11:47 am ET
NEW YORK--(BUSINESS WIRE)--Aug. 23, 2005--The Coalition for Luggage Security today commented on nine new high-tech airport security systems that will be installed to help reduce lost luggage and reduce terror threats. ADVERTISEMENT
According to Las Vegas Business Press, McCarran International Airport is one of nine U.S. airports installing new high-tech equipment to reduce human contact with baggage as it moves from travelers through security to airplanes. The $125 million system, which is expected to be completed by the end of next summer, is expected to reduce the volume of lost luggage, which cost the nation's airlines and airports about $1 billion last year.
The system is expected to have four miles of conveyor belts traveling through six separate sectors, covering 225,000 square feet. Each sector is expected to process about 40 bags a minute.
"Reminiscent of the Denver International Airport luggage system that took a decade to build and fail, never living up to its $230 million potential, and being scrapped by United Airlines in June of 2005. The newest security and luggage handling system is just another way of doing the same old thing. The Coalition for Luggage Security has an alternative that is currently working for travelers who use services such as Luggage Express, and having their luggage delivered to their destination and avoiding long security lines," said Harvey Abelson, the Coalition for Luggage Security Coordinator.
"One billion dollars a year in lost luggage is far too great a number. Now, the TSA will be picking up 75% of the bill for installing these luggage and security systems in just 9 U.S. airports. That's $93 million of taxpayers dollars going to a system that as Aviation industry consultant Mike Boyd says, 'It's eyewash for the public to think we're safer.' We don't need 4 miles of conveyor belts. We already use conveyor belts and we don't need a bigger system that basically does the same thing with a few changes. What we need is real change; A system that will not take dollars out of taxpayer's pockets. What we need is a totally new system and that system is keeping luggage off of passenger planes and delivering it on cargo planes," said Richard A. Altomare, Founder and Chairman of the Coalition for Luggage Security, and CEO of Universal Express, Inc. (OTCBB:USXP - News).
"Once again, keeping luggage off of passenger planes will help create jobs, reduce airline fees, greatly reduce the risk of terrorist activity on passenger planes, and reduce lost luggage claims that amount to $1 billion a year. This is an immediate solution. We call on all government representatives to view our white paper entitled 'More Safety, Less Hassle for American Travelers: A Private Sector Solution for the Airline Industry.' (http://www.usxp.com/securitywp.pdf). A new way of doing things is in the best interest of this country and its traveling public, not creating bigger, more expensive monsters that have to be justified and used, even if they don't work. The longer we wait, the harder it will be to create what is best for the public," 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.
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