-------------------- i wish one day i would be rich but the wish is all in your hand!! Posts: 239 | From: New Jersy | Registered: Mar 2006
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Universal Express Announces Substantial Improvements for Second Fiscal Quarter BusinessWire - February 20, 2007 1:15 PM ET
Related Quotes Symbol Last Chg USXP Trade 0.0024 +0.0002 Real time quote.
Universal Express, Inc. (OTCBB: USXP) announced today that its financial results for its second fiscal quarter ending December 31, 2006, have substantially improved over its December 31, 2005 second quarter.
Operating revenues increased 352% to $992,435 for the second quarter from $281,861 for the 2005 quarter. Operating revenues were $1,474,333 for the six months ending December 31, 2006 compared with revenues of $501,033 for the six months ending December 31, 2005, an increase of 294%.
The overall market capitalization of the Company increased to $63,833,773 for the 2006 second quarter from $2,973,105 for the 2005 second quarter, an increase of over 2100%.
Total stockholders' equity increased to $5,855,908 for the 2006 quarter from $593,254 for the 2005 quarter, an increase of $5,262,654 or 987%.
The Company's working capital equity for the 2006 quarter improved substantially to a positive $591,207 compared with a working capital deficiency of $2,432,301 in the 2005 quarter, an increase of over 500%.
Total assets increased to $8,686,878 for the 2006 quarter from $3,328,498 for the 2005 quarter, an increase of over 260%.
"We are pleased with the development and growth of all of our businesses. Revenues from our logistics and international shipping business have more than tripled for the second quarter compared to the 2005 second quarter as they have in the previous five years, and we anticipate an exponential increase this year and in future years as our controlling partnership of Universal Jet has its financials audited by our accountants," stated Richard A. Altomare, Chairman & CEO of Universal Express, Inc.
About Universal Express
Universal Express, Inc. is a 23 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.
SOURCE: Universal Express, Inc.
Investor Relations: Universal Express, Inc. Mark Falk, 561-367-6177 publicrelations*usxp.com
Posts: 395 | From: south dakota | Registered: Nov 2006
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even with the LARGE o/s the $$$$$$$$$$ should atleast put the stock back around .005 which is a nice quick profit.IMO!!!!
Posts: 395 | From: south dakota | Registered: Nov 2006
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question is......how do find time for your stupid comments on all 250 threads.....answer that for me!
Posts: 234 | From: Virginia | Registered: Feb 2007
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This stock used to run on news, but they've gone to the well too many times. When was the last time someone playing the news cycle on this one actually sold for more than they bought?
5 or 6 PRs ago I'm guessing.
-------------------- Me Trade Pretty One Day. Posts: 815 | From: NYC | Registered: May 2006
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Universal Express, Inc. (OTCBB: USXP), yesterday received notice that the New York Lower Court ignored its entire "naked short selling" argument as it ruled in favor of the SEC's position.
"I cannot say we are surprised as this venue was selected by our adversary. We remain optimistic and eagerly await the entire documentation to be reviewed by more objective and less influenced higher court judges. Some may read only the Judge's decision. We have read the entire documentation and legal precedents. Long and short of it, this is a naked short selling hallmark case in the making. This is exactly at the venue we expected it to be. Let's remain realistic here. Whichever side won the first round was going to have to play the second round. That was the SEC's home field courtroom. It was hand selected after the initial naked short selling claim of $700,000,000 was filed in Florida. It's business and growth as usual and I will be continuing my naked short selling presence as that is the issue of this case - nothing else," said Richard Altomare, Chairman and CEO of Universal Express.
"Universal Express strongly disagrees with the opinion of the New York federal district court (US Dct 04Civ 2322) and will take immediate steps to rectify it. The Company and its officers specifically have absolute and complete immunity from the allegations of the SEC on these matters under the United States Bankruptcy Code which supersedes the SEC's authority. The Company is entitled under its reorganization charter and the Bankruptcy Code to issue additional shares to match the recapitalization of the Company on a daily basis caused by the issuance by others of 'naked shorted', counterfeit and unregistered shares, not issued by the Company and for which the Company received no consideration," said Chris Gunderson, General Counsel of Universal Express.
"Once again, the 'naked shorting' scandal, long ignored by the SEC is at the forefront of our Company's campaign against this massive damage to thousands of public companies, their stockholders, investors and employees. We will be requesting a re-hearing with strong support for our appeal. No one at Universal Express expected this landmark issue to be a one decision ruling and welcome, if not embrace, the media exposure necessary to bring an end to the SEC's flagrant and illegal acceptance of a practice that must be halted to insure confidence in our trading system," concluded Mr. Altomare.
About Universal Express
Universal Express, Inc. is a 23 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.
Source: Universal Express, Inc.
Posts: 1580 | From: World | Registered: Jul 2006
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I feel really sorry for the holders as well.... its too bad
-------------------- Experience teaches you to recognize a mistake when you've made it again. - Unknown Posts: 2 | From: WY | Registered: Feb 2007
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I can't believe that after that decision they aer STILL trying to act like it's no big deal and they're still going to ge tthe naked shorts.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by PCola77: I can't believe that after that decision they aer STILL trying to act like it's no big deal and they're still going to ge tthe naked shorts.
I can't still believe that people are still holding at these levels and selling and putting their money for better use, than listen Altamore's endless supplies of lies and excuses...
Posts: 1134 | Registered: Apr 2003
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