NEW YORK--(BUSINESS WIRE)--Dec. 28, 2004-- Universal Express (OTCBB: USXP), today announced it has received a contract for funding from a Saudi Arabian strategic partnership group led by Mohammed Bassami, a leading transportation entrepreneur in the Middle East with funding expectations of up to $40 million. A separate release will follow when the initial funding is received. "After years of planning and visits to the Middle East, it's gratifying to share our visions and programs with an experienced transportation entrepreneur prepared to provide the necessary financial support to aid in our innovative outsourced transportation business model, luggage delivery, private postal service, and related retail products," said Richard A. Altomare, Chairman of Universal Express.
About Universal Express
Universal Express, Inc. owns and operates several subsidiaries including Universal Express Capital Corp. (USXP Cash Express & Leasing Division), and Universal Express Logistics (Luggage Express and the Virtual Bellhop). These subsidiaries and divisions provide its private postal trade association, (UniversalPost) customers, and couriers with value-added services and products, logistical services, equipment leasing, and cost-effective delivery of goods and luggage worldwide. For more information 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.
KEYWORD: NORTH AMERICA AFRICA/MIDDLE EAST NEW YORK UNITED STATES SAUDI ARABIA INDUSTRY KEYWORD: TECHNOLOGY NETWORKS TRAVEL CONTRACT/AGREEMENT SOURCE: Universal Express Inc.
CONTACT INFORMATION: Equitilink L.L.C. Investor Relations: Ron Garner 877-788-1940 toll free 858-824-1940 International or local www.equitilinkpr.com
[This message has been edited by prdponce (edited December 28, 2004).]
Universal Express Expands to 55,000 Retail Locations
Business Editors
NEW YORK--(BUSINESS WIRE)--Jan. 3, 2005-- Universal Express, Inc. (OTCBB:USXP) announced today that its subsidiary Universal Cash Express (www.universalcashexpress.com) is expanding its gift card distribution network with PRE Solutions, Inc. to include the activation of our exclusive floral gift card program. PRE Solutions Inc. (www.presolutions.com) is a leading provider of prepaid transaction processing solutions designed to offer retailers powerful revenue opportunities in prepaid products and other services. Their company's solutions are fast, easy-to-use and eliminate the need for a retailer to purchase and manage prepaid product inventory. Their systems feature real-time product delivery, detailed transaction reporting and Point-of-Sale Activation products - all through the most secure and reliable processing environment in the industry. Prepaid offerings will now include: Wireless, Long-Distance, Stored Value Cards, Gift Card Programs, Prepaid Debit Cards, Floral Gift Card, RingTones, Online Games and more. PRE Solutions currently serves more than 55,000 retailers throughout the United States and Caribbean, including Amerada Hess, The Pantry, Pilot Travel Centers, Circuit City, Food Lion, Family Dollar, Dollar General and many other leading chains. The Universal Cash Express floral gift card program, for which Universal Express is the exclusive provider, is a natural tie-in with PRE Solutions, as it provides a new and unique pre-paid product with tremendous revenue potential. "While we have been excited about our relationship with PRE Solutions from the very beginning, the synergy that our floral gift card program brings to the table is extremely powerful. We are in the process of launching our Point-of Sale Touch Screen terminal reseller program as a low-cost, high-revenue business opportunity, and now, in addition to the many financial services that our resellers are already able to offer the storeowner, they can now offer floral products as well, while maintaining no floral inventory," stated Mr. Brett Hudson President of Universal Cash Express. "We are pleased to be working with PRE Solutions," said Richard A. Altomare, Chairman and CEO of Universal Express. "The Universal Cash Express floral gift card program attached to the PRE Solutions expanding library of prepaid products provides significant innovation in the POSA card industry. We look forward to more innovative developments within the Cash Express division and a mutually prosperous relationship with PRE Solutions," concluded Mr. Altomare.
About Universal Express
Universal Express, Inc. owns and operates several subsidiaries including Universal Express Capital Corp. (USXP Cash Express & Leasing Division), and Universal Express Logistics (Luggage Express and the Virtual Bellhop). These subsidiaries and divisions provide its private postal trade association, (Universal Post) customers, and couriers with value-added services and products, logistical services, equipment leasing, and cost-effective delivery of goods and luggage worldwide. For more information visit www.usxp.com. More information and website locations are available at 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 or products delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
KEYWORD: NORTH AMERICA NEW YORK UNITED STATES INDUSTRY KEYWORD: TRANSPORT TRAVEL TRANSPORTATION PROFESSIONAL SERVICES FINANCE RETAIL SPECIALTY CONTRACT/AGREEMENT PRODUCT/SERVICE SOURCE: Universal Express, Inc.
CONTACT INFORMATION: For Investor Relations Call: Equitilink L.L.C. 877-788-1940 toll free 858-824-1940 International or local Ron Garner www.equitilinkpr.com
posted
Press Release Source: Universal Express, Inc.
Universal Express' New Year's Resolution To Shed 12,000,000 Pounds of Baggage from Airlines Monday January 3, 2:33 pm ET
NEW YORK--(BUSINESS WIRE)--Jan. 3, 2005--Universal Express, Inc. (OTCBB:USXP - News) announced today that its subsidiary Luggage Express, following the most commonly repeated New Year's Resolution of losing weight, announced today that in 2005 it would minimally strive to remove 240,000 suitcases at an average weight of 50 pounds totaling 12,000,000 pounds from the bellies of our overworked passenger airline industry. "Recently airlines themselves announced that they were spending an additional $275,000,000 in fuel costs to transport heavier than average travelers. Can you imagine what savings our weight resolution may create for them?" said Richard A. Altomare, Chairman & CEO of Universal Express.
"Separating passengers from their luggage has been the Universal Express objective for the past eight years," (http://www.usxp.com/securitywp.pdf). Hopefully our New Year's weight loss resolution will result in enhancing the travel experiences for passengers and even the airlines themselves. As we shed suitcases from the terminals, we hope to assist the TSA's difficult task of inspecting travelers and their belongings," added Mr. Altomare.
"New Year's Resolutions and even holiday luggage problems often are forgotten by Valentine's Day. Luggage Express has been leading this innovative concept of cargo luggage pick-up and delivery. It certainly indicates our resolution to persist until it becomes the resolution of all senior citizens, all disabled, all vacationers, all business travelers and all governments and airlines worldwide," concluded Richard A. Altomare.
About Universal Express
Universal Express, Inc. owns and operates several subsidiaries including Universal Express Capital Corp. (USXP Cash Express & Leasing Division), and Universal Express Logistics (Luggage Express and the Virtual Bellhop). These subsidiaries and divisions provide its private postal trade association, (Universal Post) customers, and couriers with value-added services and products, logistical services, equipment leasing, and cost-effective delivery of goods and luggage worldwide. For more information visit www.usxp.com.
More information and website locations are available at 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 or products delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
-------------------------------------------------------------------------------- Contact: Equitilink L.L.C. Investor Relations: Ron Garner Toll Free: 877-788-1940 International or local: 858-824-1940 www.equitilinkpr.com
posted
Universal Express Purchases Universal Jet Business Wire - January 11, 2005 10:27
NEW YORK, Jan 11, 2005 (BUSINESS WIRE) -- Universal Express, Inc. (OTCBB:USXP), today entered into the airlines business by completing the purchase and beginning day-to-day operations of Universal Jet Aviation, a ten-year Florida based airline with a fleet of ten aircraft. "With past annual revenues of $14,000,000 and an FAA fully approved maintenance facility capable of increasing revenues, our expectations for growth and creative transportation ideas will definitely introduce luggage free travel to customers of Universal Jet and increase its revenues, its divisions, its profitability as well as the size of its fleet," said Richard A. Altomare, Chairman & CEO of Universal Express.
"The existing management team of Universal Jet coupled with our newly created aeronautical team along with other Universal Express sales teams will add vitality and new asset funding to an already excellent and previously very profitable company, said Richard A. Altomare."
"This partnership and alliance should benefit both companies and the obvious name of Universal Jet and its various National and International licenses adds substantially to our long-term growth plans," continued, Mr. Altomare.
"By being a developing company, it has often been a challenge to fund an acquisition of this type. We have purchased Universal Jet without excessive up front capital. We have assumed some past responsibilities and as we develop Universal Jet it will serve as a platform for future cargo and passenger acquisitions," concluded Mr. Altomare.
About Universal Express
Universal Express, Inc. owns and operates several subsidiaries including Universal Express Capital Corp. (USXP Cash Express & Leasing Division), and Universal Express Logistics (Luggage Express and the Virtual Bellhop). These subsidiaries and divisions provide its private postal trade association, (Universal Post) customers, and couriers with value-added services and products, logistical services, equipment leasing, and cost-effective delivery of goods and luggage worldwide. For more information 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 or products delays in testing and evaluation of products, 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) Equitilink L.L.C. Ron Garner, 877-788-1940 toll free 858-824-1940 International or local www.equitilinkpr.com
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quote:Originally posted by Grynder: nice...... anybody else on this still ? lonely here.....
eah, I've been in and out since the last airline purchase. We ran over .03 on that one! Bought a position about aweek ago on the low and was waiting for this PR. Check my posts on another USXP thread here, been expecting 4 airline purchases... 3 more to go now!
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I'm carrying a long term position and a short play position. I like the way the ceo is trying to bring this company out of a not so positive position. This is just one step in the right direction for them. With that last 40m in financing deal, someone believes in their business model...
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Remember last time they released news about the Alpine aquisition. This stock did not run straight up, it took a while and then exploded for a 100% gain. Keep on the watchlist for a possible afternoon run.
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My thoughts are that airlines haven't been doing all that well, and many are forecast to fail, though maybe the little ones will fare better than many larger ones that are too "fat"
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