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USXP gettin hit on news
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[QUOTE]Originally posted by Hitman: [QB] Some good buying ... may pop some Universal Express Inc. (OTCBB: USXP) today announced that it has filed a multimillion dollar lawsuit against First Call and Thompson Financial for compensatory and punitive damages in connection with First Call's removal last month of a posted recommendation and target price from its summary on Universal Express. "Universal Express' attorneys commenced this suit for compensatory and punitive damages against First Call and Thompson Financial in the Supreme Court of the State of New York, County of New York," Docket No. 104188-07, stated Chris G. Gunderson, General Counsel of Universal Express. "Universal Express has received more than $700 Million in jury awards against naked shorters, including over $275 Million in punitive damages, awarded by two separate juries and will defend its rights and the interests of its shareholders. I am confident that our litigation against First Call and Thompson Financial will right their wrongs," concluded Mr. Gunderson. "The facts remain simple. An analyst report summary appears from First Call on the internet. We verified the existence of the summary and we announce. Then four days later the recommendation and target price mysteriously disappears from the report with the comment 'No analyst consensus'," stated Richard A. Altomare, President and CEO of Universal Express, Inc. "Are market makers, brokers or hedge funds short this stock now afraid of analyst opinions? Damages and malfeasance towards our Company and its shareholders will always be defended by this Company," 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 [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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