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[QUOTE]Originally posted by smalltime: [QB] Universal Express Acquires Additional Miami Airport Trucking Company By BusinessWire Last Update: 8/23/2006 8:30:26 AM Data provided by NEW YORK, Aug 23, 2006 (BUSINESS WIRE) -- Universal Express, Inc. (USXP) today announced it has acquired, as planned, the Miami International Airport (MIA) based Airport Alliance. Airport Alliance is a luggage delivery service catering to airlines with the need to transport found luggage that was once lost by airlines to its owners. Universal Express' acquisition of both Airport Alliance, with approximately 20% of MIA's lost luggage delivery, and Global Trucking, with 80% of MIA's lost luggage delivery, give Universal Express virtually 100% of the lost luggage business at MIA. "The acquisition of Airport Alliance gives Luggage Express Found, formerly Global Trucking, the necessary volume to implement state of the art technology and provide USXP customer service quality to a much needed airline industry. The airline industry, with the its increasingly heightened security, has the enormous task of keeping their passengers happy amidst the new challenges presented to them with higher volumes of checked luggage, and ultimately an increase in lost luggage sales," said Richard Altomare, CEO and Chairman of Universal Express, Inc. "This acquisition adds a 20% increase in revenue that can be handled with our current infrastructure making Luggage Express Found the largest baggage delivery company in South Florida, handling an average of 1,500 pieces of lost luggage a day and resulting in approximately $4,500,000 in gross sales," said Juan Gonzalez, president of Luggage Express Found. Airlines that currently utilize Airport Alliance for lost luggage delivery that will now be part of Luggage Express Found's already impressive list are: Delta Airlines, British Airways, Air France, South African Airways, Freedom Airliners, Chautaugua, Com Air, American West, Continental, TACA, Iberia and Swiss Air. "These revenues should be certified and added to Universal Express' balance sheet by September 1st, 2006," 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 [URL=http://www.usxp.com]www.usxp.com[/URL] 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. [/QB][/QUOTE]
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