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Universal Express Helps Lawyers Travel Efficiently Business Wire - August 17, 2005 11:39
NEW YORK, Aug 17, 2005 (BUSINESS WIRE) -- Universal Express Inc. (OTCBB: USXP), today announced that its subsidiary Luggage Express is now seeing the fruits of its advertising, marketing and national sales campaign.
"Luggage Express has been marketing hands free travel to the Corporate Travel Planner industry for several months. We are quite pleased to report that several large prestigious law firms have begun to instruct their corporate travel planners to begin using our service. They are telling us that our services will permit their attorneys to spend more time servicing the needs of their clients," said Cecilia Vesnesky, Logistics Director.
"To have prestigious members of the American Bar Association extol the virtues of our business is a tremendous validation of our business model. The saying goes 'Time is money'. Providing businesses with a means to save time by helping them travel more efficiently will help them save money," said Universal Express Chairman and CEO Richard A. Altomare.
"The one thing that all of our new customers are saying is that they are pleased to be recapturing the most valuable commodity of all, time" concluded Ms. Vesnesky.
Universal Express Inc. (OTCBB: USXP), announced today its subsidiary UniversalPost Network and Total Identity Corp ("TIC") (OTCBB:TIDC) and its wholly owned subsidiary, Yard Sale Drop Off(TM) ("YSDO"), a trading assistant and Power Seller with eBay (NASDAQ:EBAY), has entered into an exclusive agreement to market the YSDO online auction solution to UniversalPost Network members.
In April 2005 YSDO and UniversalPost Network entered into an agreement to leverage the independent postal centers throughout the United States. A key aspect of the alliance was to offer discounted shipping rates to YSDO members. Now, in addition to offering standardized discounted shipping rates to YSDO members through UniversalPost, YSDO will be offering its auction solution directly to the postal network members.
This change will enable the postal centers to generate additional revenue from their existing location without having members agree on a standardized shipping rate. This is a complete business in a box concept where a licensee can be in business almost immediately after being processed by YSDO. There are no credit checks or build-out delays and unlike eBay, where it is almost impossible to speak with someone if you have any questions, licensees will have a direct help line they can call for assistance. Furthermore, if someone was looking to go into a franchise business in a certain location, but was unable to because that territory was already taken, now is their chance. YSDO licensees will be limited by zip code and population.
"Offering discounted shipping rates through UniversalPost and offering stores the opportunity to become part of YSDO auction solutions will help stores increase their revenue, and their store value. With the increased sales and shipping demands we've all seen through eBay and Yard Sale Drop Off, increased locations are necessary to create a more efficient auction industry. The flow of goods from buyers and sellers has and will continue to increase, and UniversalPost and private postal stores are in the right position to help the industry grow," said Richard A. Altomare, CEO and Chairman of Universal Express, Inc.
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Yard Sale Drop-Off and USXP to Market Postal Centers Nationally Thursday August 18, 7:00 am ET
FORT LAUDERDALE, Aug. 18, 2005 (PRIMEZONE) -- Total Identity Corp (``TIC'') (Other OTC:TIDC.PK - News) today announced that its wholly owned subsidiary, Yard Sale Drop Off (``YSDO''), a trading assistant and Power Seller with eBay (NasdaqNM:EBAY - News), has entered into an exclusive agreement to market the YSDO online auction solution to UniversalPost Network members giving store owners the opportunity to become a drop off and shipping center for YSDO online auctions.
This program will enable the postal centers to generate additional revenue from their existing location. This is a complete business-in-a-box concept where a licensee can be in business almost immediately after being processed by YSDO. Furthermore, if someone was looking to go into a franchise business in a certain location but was unable to because that territory was already taken, now is their chance. YSDO licensees will be limited by zip code and population.
Matthew Dwyer, TIDC CEO and Chairman stated, ``The market for online auction services is continuing to grow and a recent report showed that only 6% of the people who use eBay are currently selling on eBay. The UniversalPost centers have a clear advantage in that they are already in the shipping business and the YSDO auction solution will enable them to leverage their existing store space to generate additional income.''
YSDO motto: ``We turn your hidden treasures into cash!''
Certain information contained in this news release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. While these statements are made to convey the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Actual company results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. A more extensive listing of risks and factors that may affect the business prospects of the company and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission.
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Universal Express and Yard Sale Drop-Off(TM) Revise Alliance to Market Postal Centers Nationally Thursday August 18, 8:30 am ET
NEW YORK--(BUSINESS WIRE)--Aug. 18, 2005--Universal Express Inc. (OTCBB: USXP - News), announced today its subsidiary UniversalPost Network and Total Identity Corp ("TIC") (OTCBB:TIDC - News) and its wholly owned subsidiary, Yard Sale Drop Off(TM) ("YSDO"), a trading assistant and Power Seller with eBay (NASDAQ:EBAY - News), has entered into an exclusive agreement to market the YSDO online auction solution to UniversalPost Network members.
In April 2005 YSDO and UniversalPost Network entered into an agreement to leverage the independent postal centers throughout the United States. A key aspect of the alliance was to offer discounted shipping rates to YSDO members. Now, in addition to offering standardized discounted shipping rates to YSDO members through UniversalPost, YSDO will be offering its auction solution directly to the postal network members.
This change will enable the postal centers to generate additional revenue from their existing location without having members agree on a standardized shipping rate. This is a complete business in a box concept where a licensee can be in business almost immediately after being processed by YSDO. There are no credit checks or build-out delays and unlike eBay, where it is almost impossible to speak with someone if you have any questions, licensees will have a direct help line they can call for assistance. Furthermore, if someone was looking to go into a franchise business in a certain location, but was unable to because that territory was already taken, now is their chance. YSDO licensees will be limited by zip code and population.
"Offering discounted shipping rates through UniversalPost and offering stores the opportunity to become part of YSDO auction solutions will help stores increase their revenue, and their store value. With the increased sales and shipping demands we've all seen through eBay and Yard Sale Drop Off, increased locations are necessary to create a more efficient auction industry. The flow of goods from buyers and sellers has and will continue to increase, and UniversalPost and private postal stores are in the right position to help the industry grow," said Richard A. Altomare, CEO and Chairman of Universal Express, Inc.
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Universal Express Making a Difference for Disabled Travelers Thursday August 18, 11:22 am ET
NEW YORK--(BUSINESS WIRE)--Aug. 18, 2005--Universal Express Inc. (OTCBB: USXP - News), announced today that a recent article "Disability Travel on the rise despite Barriers to Access" indicates that more than 21 million adults with disabilities traveled in the past 2 years for pleasure and for business. This information is based on a 2005 study by The Open Doors Organization (ODO) in cooperation with the Travel Industry Association of America (TIA). http://www.tia.org/pressmedia/pressrec.asp?Item=666
According to the ODO and TIA study, adults with disabilities who have traveled by air, 84% said they encountered obstacles when interfacing with airlines and 82% said they encountered obstacles at airports.
"With an increase in aging 'baby boomers' and increased travel by those with disabilities, Luggage Express through its partnership with SATH ( www.sath.org ) is reaching out to offer a solution for the disabled. Luggage Express' service picks up luggage from the customers home and delivers it to the final destination, making travel stress free and hands free. Providing these services through SATH makes a difference in how people with disabilities travel," said Cecilia Vesnesky, Director of Luggage Express.
"Universal Express and its subsidiary Luggage Express want to open more doors for the disabled. The number of problems facing the disabled is too high. We offer the opportunity for those who not only may have a hard time traveling, but who may not have traveled before. Luggage Express services can make it easier for the disabled to travel, conveniently and efficiently," said Richard A. Altomare, CEO and Chairman of Universal Express, Inc.
quote:Originally posted by imran_h: yes i definatly agree this one has no where to go but up!
That sounds great, but I looked at their financials and saw almost nothing but red. What would it take to send the stock up? (I mean several cents up. )
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The Coalition for Luggage Security Receives International Attention
Friday August 19, 11:49 am ET
NEW YORK--(BUSINESS WIRE)--Aug. 19, 2005--The Coalition for Luggage Security today announced it has received international recognition from an English based publication, Cargo Security International, which provides a unique source of information for transportation and security professionals worldwide.
"An article posted on their web site, and soon to be in their latest print publication will help bring about more recognition for the Coalition for Luggage Security, and we believe it will help increase our membership numbers, our exposure, and our solutions to an ever growing problem on an international level," said Harvey Abelson, Director of the Coalition for Luggage Security. Article link: http://www.cargosecurityinternational.com/free.asp?id=5392
Ian Taylor, the Editor of Cargo Security International, has applauded the Coalition for Luggage Security for moving forward the debate on luggage and cargo screening. "For international terrorist groups, the aviation industry will always be a prime target. Since 9/11, everyone is watching the skies, so any attack on an airplane is guaranteed global media coverage. We can never make air travel completely safe, but we should do all we can to make planes, their passengers and cargo less vulnerable. Any initiative which makes the terrorists' job harder should be welcomed and considered." said Mr. Taylor.
About Cargo Security International
Cargo Security International bi-monthly magazine and its dedicated 24/7 news website offer a unique source of intelligence for transportation and security professionals. They cover all modes of transportation - air, rail, road and maritime - but always with a sharp focus on security. For more info please visit www.cargosecurityinternational.com
About Universal Express
Universal Express, Inc. (OTCBB:USXP - News) is a 22 year old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com
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Universal Express Announces National Media Coverage
Friday August 19, 8:30 am ET
NEW YORK--(BUSINESS WIRE)--Aug. 19, 2005--Universal Express, Inc. (OTCBB: USXP - News), announced today that it is pleased to provide its latest media coverage statistics. This information was provided to Universal Express by its media partner TVA Productions.
As of July 29, 2005, an article regarding safer travel while minimizing hassle has been printed in 372 newspapers in 19 different states with a readership of 10,700,976. Also there have been 460 radio spots broadcast in 39 states to an audience of 35,368,477.
"Universal Express is starting to see our concerns about traveler safety being echoed by media outlets across our country," stated Richard A. Altomare, Chairman and CEO of Universal Express. "This coverage both concisely and eloquently points out that safety doesn't have to be inconvenient. Further, it calls into question the method and costs currently being both authorized and spent by our government. This media support of our creative thinking and vision emboldens our employees and shareholders as we continue to march forward to change the current transportation paradigm."
"Had we wanted to purchase this type of media coverage, it would have cost the company over $269,000, but the obvious value and concern of this information during a time of heightened security, and long lines at security points at airports speaks for itself through the national interest it has generated on its own," concluded Mr. Altomare.
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Universal Express Submits Revised Offer of Purchase of Commercial Property in Florida, In Discussions with Investment Group
Monday August 22, 9:40 am ET
NEW YORK--(BUSINESS WIRE)--Aug. 22, 2005--Universal Express Inc. (OTCBB: USXP - News), through its real estate subsidiary USXP Realty Trust, Inc. has today submitted a revised purchase offer on its target commercial office/warehouse property located in Boca Raton, Florida. This is the target property referenced in a private placement memorandum recently prepared under Regulation D, where one of the proposed tenants would include Luggage Express, Inc. a subsidiary of USXP. This would be part of the expansion of Luggage Express operations. The subject property was originally taken off the market after USXP had made an initial offer to be subsequently included in a package of three (3) properties. The seller has indicated it will consider offers on the subject only. "USXP is in discussions with an investment group which also has on interest in developing the property," said Richard A. Altomare, Chairman of USXP. Altomare further indicated that a Luggage Express lease could add value to any real estate acquisition and would improve its distribution logistics.
USXP Realty Trust, Inc. centers operations on the acquisition of both investment grade and turnaround properties, including those with future development rights using private placement methodology whereby the company leads as an investor and manages both the transaction and the property. Investors receive a fixed return and upside on capital gains and the company receives a similar return method including property management fees. This affects the company balance sheet with the inclusion of both hard assets and income. Financing is obtained using non-recourse purchase money mortgages.
The second tier of the strategy is to create a REIT or UPREIT using the properties in portfolio and effectuating a spin-off with a secondary offering to finance ongoing transactions. This spin off can be pre-packaged for an acquirer interested in contributing a basket of properties into the REIT.
The third tier of the strategy and operations is to operate an arbitrage of various real estate opportunities including the arranging of financing, and various permitted activities to derive income.
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Universal Express Increases Luggage Express Gift Card Exposure
Monday August 22, 11:24 am ET
NEW YORK--(BUSINESS WIRE)--Aug. 22, 2005--Universal Express Inc. (OTCBB: USXP), today announced that its subsidiary Luggage Express is placing an order for 10,000 gift cards, following a test of 5,000 cards that has proven to be a stellar success.
Companies such as Madison and Mullholland distributed the cards in goodie bags they provided for the Ultimate Nominee List for the Emmy's and United Airlines PS service passengers on SFO flights, LAX and NY flights. The recipient list is impressive, and many of the recipients of these cards have become repeat customers.
"We have known for sometime that many companies have experienced success selling their tangible products via this medium. Our question was would it prove to be as successful with an intangible product like our white glove luggage delivery service?" said Richard A. Altomare, Chairman and CEO of Universal Express.
Luggage Express' test run of 5,000 cards were distributed and the market responded with open arms. This reception dictates that we move forward with this method of distribution to expose the Luggage Express brand and service to a wider market." concluded Mr. Altomare.
Luggage Express' successful test run has helped with exposure of these cards and Luggage Express currently has guaranteed space for the Hampton Jitney and the Bryant Park fashion week in NYC and Labor Day weekend, one of New York's largest end of summer events.
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
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The Coalition for Luggage Security Says the Message Is Finally Getting Out
Tuesday August 23, 7:30 am ET
NEW YORK--(BUSINESS WIRE)--Aug. 23, 2005--The Coalition for Luggage Security says the message is finally getting out that the Transportation Security Administration should be given a reduced role in screening security by adopting the coalition's program for separating passengers from their luggage.
The Coalition for Luggage Security is commenting on an article published in "The Times-Tribune" dated 8/22/05, which states, "Give the TSA one-way ticket to oblivion."
The article points out that billions of dollars of TSA personnel and equipment cannot stop a terrorist from walking into an airport with a bomb and detonating it in the most crowded spot: in the middle of the passengers waiting to have their bags inspected for pocketknives and scissors. The article also points out, "The Focus (is) all wrong" and the "TSA could focus on real threats, like bombs in baggage."
The Coalition has been trumpeting a low-tech answer, separating travelers from their luggage. This solution has a domino effect: reducing TSA personnel costs, reducing "puffer" and other equipment costs, reducing airline costs and reducing travelers lost time costs. These benefit are laid out in the Coalition's policy paper entitled "More Safety, Less Hassle for American Travelers: A Private Sector Solution for the Airline Industry" http://www.usxp.com/securitywp.pdf authored by Richard A. Altomare, Chairman of the Coalition for Luggage Security and Chairman and CEO of Universal Express (OTCBB:USXP - News).
According to Harvey Abelson, the Coalition Coordinator, "The media is getting the message, the citizens of the United States and travelers in general are being educated and now we have to educate our representatives in Washington D.C. and begin brainstorming and testing to change the current bloated and ineffective system we currently have in place."
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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.
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.
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The Coalition for Luggage Security Backs House of Representatives in Cargo Safety Issue
Wednesday August 24, 8:00 am ET
NEW YORK--(BUSINESS WIRE)--Aug. 24, 2005--The Coalition for Luggage Security joins members of the House of Representatives in urging the Department of Homeland Security to develop rules for air cargo and luggage security on passenger planes. According to a report issued over PR Newswire by the House Committee on Homeland Security - Democratic Office, members of the House of Representatives are concerned that the rules due by law on August 15 have been missed and that while luggage is screened some cargo traveling on the same passenger plane is not. www.securityinfowatch.com/article/article.jsp?siteSection=385&id=5350
This issue is also highlighted by the CNN probe www.cnn.com/2005/US/08/10/air.cargo.safety/ that finds after four years since 9/11 the holes in the screening process of cargo that goes into the hold of airplanes jeopardizes the safety of the flying public.
"Seeking a solution to these issues using today's frame of reference, the Department of Homeland Security will have difficulty in resolving the problem," said Richard A. Altomare, Founder and Chairman of the Coalition for Luggage Security, and CEO of Universal Express, Inc. (OTCBB:USXP - News). Mr. Altomare continued, "The Department of Homeland Security may come up with an answer but not a solution. Sometimes we look toward technology as a panacea when a more low-tech approach may do. Separating luggage and cargo from passenger planes speaks to the root of the issue. We call on the administration and legislative bodies to view our white paper entitled 'More Safety, Less Hassle for American Travelers: A Private Sector Solution for the Airline Industry,' where I have expanded in detail the solution." http://www.usxp.com/securitywp.pdf.
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The Coalition for Luggage Security Picked up by Major Internet Presence
Thursday August 25, 8:15 am ET
NEW YORK--(BUSINESS WIRE)--Aug. 25, 2005--The Coalition for Luggage Security today announced that yet another large web entity, Government Security News, http://www.gsnmagazine.com/aug_05/luggage_security.html, has picked up on its founding Press Release. The website, which advertises itself as the place, "Where Government IT and Physical Security Decision Makers Search to solve their day-to-day security challenges on-line," placed the Coalition's creation and original membership on their website. The announcement is under the heading, "Luggage Security finds new champion."
"To have another valuable cutting edge tool announce the creation of this Coalition shows that there is a ground swell of interest in this country to bring new and innovative solutions to the forefront" said Harvey Abelson, Coalition for Luggage Security Coordinator.
"It seems that everyday we are learning of exciting new locations that information on our creation and our beliefs are showing up. This, yet again, validates that the American people are demanding that their safety be kept at the top of the ladder in regards to political priorities" stated Richard A. Altomare, Founder and Chairman of the Coalition for Luggage Security, and CEO of Universal Express, Inc. (OTCBB: USXP).
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Universal Express Signs Agreement with Q-Check
Thursday August 25, 12:25 pm ET
NEW YORK--(BUSINESS WIRE)--Aug. 25, 2005--Universal Express Inc. (OTCBB: USXP - News), today announced its subsidiary UniversalPost Network has signed an agreement with Q-Check. Q-Check is a division of Electronic Banking Systems EFT (www.q-check.com). EBSEFT is an ACH processor provider located in Long Branch, New Jersey and has been involved in electronic payments systems for over 8 years. Their organization services hundreds of companies all over the United States and in Canada. The program allows its customers to accept checks as a secured method of payment over the phone, fax, or even by email. The program also offers password protected files, one time or recurring checks, import and export features, and many more features.
"We are pleased to able to take this technology, which is receiving rave reviews, and present it to UniversalPosts member stores. This program will allow the private postal store owner to bring cutting edge payment technology to their corporate customers," said Richard A. Altomare, CEO and Chairman of Universal Express, Inc.
"Q-Check is pleased to be working with Universal Express, Inc. to market the Q-Check check by phone or fax check printing software," said Wally Bruchman, President of Electronic Banking Systems, EFT.
"Providing programs such as Q-Check to our members keeps us focused on our core mission of providing the private postal store owner new materials to increase their bottom line," concluded Mr. Altomare.
Universal Express Introduces its Handles-05(TM) Technology
Business Wire via COMTEX
Aug 31, 2005 9:09:01 AM
NEW YORK, Aug 31, 2005 (BUSINESS WIRE) --
Universal Express Inc. (OTCBB: USXP). The Information Technology Department of Universal Express, today announced that it is in the final stages of the development of a customer management system (Handles-05(TM)) that integrates Luggage Express, Virtual Bellhop and its postal and courier associations.
"In order to remain on the cutting edge of shipping technology and to provide improved real time services to our customers; our new technology infrastructure allows us to integrate customer data connectivity and efficiency, while increasing its security," said Richard A. Altomare, Chairman and Chief Executive Officer.
"The robustness of Handles-05(TM) software, our customer management system, will also permit the worldwide implementation and potential 'off-premises' territorial sales of our luggage delivery businesses. This system will be able to interface directly and seamlessly with our shipping vendors and other major delivery systems around the world," said Jorge Esguerra, Information Technology Project Manager.
"By using our in-house resources, we have avoided over $400,000 in quoted outsourced costs. The implementation will begin on September 26, 2005 and be fully operational by year end," said Carl Chambers, Systems Architect.
"Our existing and growing luggage system is in place. This new technological 'central nervous system' added to our Chairman's vision permits outsourcing, speed, interfacing, additional sources of revenue and territory sales potential to a 3 billion suitcase industry, which has been redefined by Universal Express," said Cecilia Vesnesky, Logistics Director of Luggage Express.
"Traveling without one's luggage is a convenience to our valued customers. What today's announcement shows is that we are striving to make an already superior experience, better. Our shareholders should be proud, as I am, of our IT staff and their dedication to task and vision. Once again Universal Express is demonstrating our commitment to business fundamentals, while at the same time leading the charge into a new business sector and highlighting our uniqueness in the luggage industry," concluded Mr. Altomare.
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The Coalition for Luggage Security Responds to Miami Airport Closing
Wednesday August 31, 1:56 pm ET
NEW YORK--(BUSINESS WIRE)--Aug. 31, 2005--The Coalition for Luggage Security today responded to the partial closing at Miami International Airport. According to the South Florida Sun-Sentinel, Concourse H at Miami International Airport was shut down and evacuated Wednesday morning after government workers found a suspicious package in luggage.
The Coalition for Luggage Security once again informs the traveling public, and the related governmental agencies, that airports without luggage are unable to be victimized.
"Repeating the same behavior pattern with or without screening machines does not protect the traveling public from a bomb package or suitcase prior to screening. In fact, luggage and cargo traveling below on many passengers planes are not all able to be screened," said Richard A. Altomare, Founder and Chairman of the Coalition for Luggage Security, and CEO of Universal Express, Inc. (OTCBB:USXP)
Richard A. Altomare, Founder and Chairman of the Coalition for Luggage Security and CEO of Universal Express, Inc. (OTCBB: USXP - News) comments, "If we keep the transportation security debate closed, we risk limiting the creativity that would result from an open discussion of ideas. The rush to put into place airline security after 911 has resulted in a huge growth in government personnel and expenditures along commonly accepted process and procedures that do not solve the root problems. We need new ideas, and public debate will go a long way in producing them."
"We call on the administration and legislative bodies to view our white paper entitled 'More Safety, Less Hassle for American Travelers: A Private Sector Solution for the Airline Industry,' where the Coalition has expanded in detail on a solution. (http://www.usxp.com/securitywp.pdf). Even though the document concentrates on the airline industry, the economics provided shows how savings can be directed to other mass transit sectors," said Harvey Abelson, Coalition Director.
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this company has a huge float...they release positive pr's almost every day but the pps goes nowhere..it does have a pretty solid base around 001
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Universal Express Rolls Out HANDLES-05(TM) Software
Tuesday September 27, 11:00 am ET
NEW YORK--(BUSINESS WIRE)--Sept. 27, 2005--Universal Express Inc. (OTCBB: USXP - News), announced today that Handles-05(TM) system rollout will begin in October. The starting point will be the complete functionality of the core modules of the program as it relates to the database and the contact manager. Implementation will continue over the next few months until completion, which is planned for January 2006.
"Imagine a software system the size and scope of the major carriers, and yet created and operated by a company not even one tenth that size. The Handles-05(TM) system will have all of the capabilities, depth and functionality of any system currently in use in the logistics industry. As previously announced, this system is being developed and tested by USXP's IT team. Besides being able to dramatically increase our functionality, it will prove to be the final piece to our consolidator shipping and luggage puzzle," said Jorge Esguerra, Information Technology Project Manager.
"USXP has postal locations in its Postal Trade Association (UniversalPost), courier companies in its courier association (Universal Express Courier Association) and a growing luggage business in Luggage Express and Virtual Bellhop. Our 15% to 40% discounted consolidation shipping announcement in March 2005 has been met with challenges that Handles 05 should be able to address," stated Richard Altomare, CEO and Chairman of Universal Express, Inc.
"We anticipated that those potential association customers would overcome their mandatory minimum contracts with existing carriers, that we could establish comparable credit terms and longer periods to pay the invoices," said Cecilia Vesnesky, Logistics Director of Luggage Express.
"Our opportunities remain remarkably bullish; yet the compatible software challenges have taken us longer than initially quoted to complete our task. There have been numerous technical issues that required our unique facilitation. Our ability to download airway bills and sell luggage territories is huge in this industry and supports our original estimates. We could have attempted a short term solution, yet we decided on the longer more thorough creation. Our sales have improved weekly, and we should experience expansive growth upon the launch of Handles-05(TM)," said Mariano Guerrero, Director of Operations.
"Our consolidator program although now better poised for vast revenue growth has not yet achieved the potential we anticipated. We remain flexible and properly positioned to this ever changing market, and now with Handles-05(TM) we are poised to accomplish more than we had initially hoped. This new software program will provide our couriers, customers, postal stores and partners all of the functionality that they may never have imagined possible," continued Richard Altomare.
"UniversalPost, Universal Express Courier and Luggage Express have begun redefining the way stores and couriers have shipped and are paid. Our new software will prove itself worthy of the wait, and qualifies as a milestone in the development of Universal Express," concluded Mr. Altomare.
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Universal Express Announces Annual Report Improvements Thursday September 29, 7:30 am ET
NEW YORK--(BUSINESS WIRE)--Sept. 29, 2005--Universal Express Inc. (OTCBB: USXP - News), announced today that its balance sheet for its fiscal year ending June 30, 2005, has substantially improved over its previous fiscal year.
Total stockholders' equity increased to $856,865 for fiscal 2005 from $74,763 for its fiscal year ending June 30, 2004, an increase of over 1100%.
Total assets increased by $350,700, while total liabilities decreased by $431,400, compared to fiscal 2004.
During the current fiscal year the Company paid off a $400,000 loan.
Net operating expenses decreased 64% from $7,352,301 for fiscal 2004 to $4,888,403 for fiscal 2005. Net operating loss decreased 14% from $4,576,965 for fiscal 2004 to $3,957,394 for fiscal 2005.
"As a growing company not all of our revenues have caught up with the June fiscal numbers. We're pleased with the progress, and we anticipate continued growth as our company matures," said Richard Altomare, CEO and Chairman of Universal Express, Inc.
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
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Damn that chart looks good. In for 600k shares right now at .0013 ... Let's see a good climb. 0014 is going to be a huge breakthrough, i dont know if we can do that but the reward will be good.
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