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Shareholder Development Group: Shareholder Development Group Special Situation Alert for Friday December 9, 2005-OBBCQ,USXP,LUV 12/9/05
Dec 09, 2005 (M2 PRESSWIRE via COMTEX) -- Orbit Brands (OBBCQ: Pink Sheets) stock closed up 11% yesterday on volume of over 23 million shares The company recently announced it was taking positive steps in its proposed restructuring. The Company's proposed plan of reorganization was filed with the Bankruptcy Court in Los Angeles and noticed to its creditors on October 6, 2005. As part of the plan, the Company proposes that the interests of common shareholders in the Company will not be impaired. The proposed plan is subject to amendment by the Company and additional input from the Official Committee of Unsecured Creditors and the Office of the United States Trustee, and must be approved by the Bankruptcy Court.
Universal Express (OTCBB-USXP) shares closed up 50% yesterday on heavy volume of 834 million shares after the Company announced it has come to an agreement with Astro Datensysteme AG (www.astro.de), and Astro's United States sister company Security IT Vision, Inc. (SECITV) located in California and Germany to the joint development of an existing Astro technology. One of these projects will be located in the United States and one will be internationally based, with numerous additional locations being considered. The international project will have a contract guaranteeing over 100,000,000 Euro. Universal Express will be licensed to use the Astro Datensysteme AG identification system for use overseas and in the United States. These two projects alone should gross over 240 million in equivalent euro dollar revenues.
Additional contracts with foreign governments are expected to follow, along with various exclusive contracts and governmental guarantees. SECITV has also embarked on an exclusive fingerprint, identification and cutting edge BioSmart card technology product for Luggage Express and Universal Express's postal association members in North America.
"Initially, we approached Astro Datensysteme AG to differentiate and augment the security of our Luggage Express business. By contracting with them, our goal was to enhance their identification business, generate an American presence and to assist Universal Express in its profitability and International awareness; making it a win-win for all involved," said Richard Altomare, CEO and Chairman of Universal Express, Inc.
"Universal Express will initially invest 5.5 MM Euro over time to realize the rights to this overseas contract, and based on governmental guarantees will have access to 100% of the cash flow and to a majority of the profits of both projects from SECITV. Obviously, the technological, financial and administrative advantages of this alliance should add to our ability to qualify for larger acquisitions 'and in time' another potential trading venue," concluded Mr. Altomare.
-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
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For those of you exiting at .0006, such as myself, may I suggest checking out CWFG. This monday a pr announcement could send it up quite a bit. There are also many other factors that point cwfg on its way up.
The Coalition for Luggage Security Suggests Charging for Carry-on Luggage Business Wire - December 14, 2005 14:23
NEW YORK, Dec 14, 2005 (BUSINESS WIRE) -- The Coalition for Luggage Security announced today it applauds Senator Ted Stevens of Alaska for his suggestion to reduce the number of bags that passengers may carry on board airliners from two to one. This would give the screeners more time to check fewer items and speed up the boarding and deboarding process. His proposal was included in an article published in the New York Times on Tuesday December 13, 2005 by Mathew L. Wald. (http://www.nytimes.com/2005/12/13/politics/13planes.html)
"The Coalition suggests charging for carry-on bags. This would help eliminate costly and time critical security checks during the boarding process by using these fees as a deterrent. This could be added to a long list of other services that are presently being charged as outlined in a Mercury News article entitled, 'Air Travelers face long list of new costs'. Curb side check in, $2.00 per bag; Tip to Skycap, $1.00 per bag; Suitcases over 50lbs, $25.00; Over sized suitcases, $100 per bag; More than 2 checked bags, $80 per bag," said Harvey Abelson, Coalition Director. (http://origin.dfw.com/mld/mercurynews/living/travel/13231427.htm? source=rss&channel=mercurynews_travel) (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
"Travelers could be charged for bringing carry-on bags. Perhaps, they could even give those without carry-on bags a discount. Imagine what airports and the TSA could do with the extra screeners and equipment then left available. We could even start screening all cargo and suitcases that go into the hold of passenger airliners," concluded Mr. Abelson.
"This formula could lead to more secure flights, more revenue for cash strapped airlines, and faster check-in for travelers. We still believe that separating passengers from their luggage (http://www.usxp.com/securitywp.pdf) by having the suitcases removed totally from the traveling process is the future of air travel in this country," concluded Richard Altomare, Founder and President of the Coalition for Luggage Security and CEO and Chairman of Universal Express, Inc. (OTCBB:USXP.)
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
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.
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Universal Express Announces Its Real-Time Webcast Conference Call On December 21st, 2005 At 10:30 a.m. EST Business Wire - December 15, 2005 14:15
NEW YORK, Dec 15, 2005 (BUSINESS WIRE) -- Universal Express Inc. (OTCBB:USXP), today announced that its CEO, Mr. Richard A. Altomare and Senior Executives would be conducting a conference call and webcast on December 21st, 2005.
"As Universal Express develops, grows, and discusses its New York Stock Exchange tender offer, its newest funding proposals from the Middle East, and its 100,000,000 Euro program; I invite forward moving questions, and shareholder questions," said Mr. Altomare.
"To participate in the real-time webcast conference call go to our website at USXP.com. and select the webcast link. To listen and submit questions, one must register 15 minutes prior to the start of the webcast. Audio software is required to hear the telecast. After the conference call the audio of the webcast will be available on our website," said Mr. Altomare.
"This conference call is scheduled for approximately 60 minutes. There is no associated cost related with listening to this live conference. Should the time allocated for the webcast prove insufficient to answer all the questions submitted, we will respond where appropriate, to the sender and answer via email. Further, some questions may be incorporated into our existing FAQ section of our website. We ask that only one question per shareholder be submitted," said Mr. Altomare.
"This method, although new to many, should enable a more regular and affordable communication vehicle between our company and its shareholders," continued Mr. Altomare
"With the interest in our recent announcements, funding capabilities, unusually high trading volume and exciting Luggage Express, MadPackers and Logistical Trade Association programs, this webcast is both timely and long awaited," 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 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, 631-588-2063 publicrelations*usxp.com
Copyright Business Wire 2005
Posts: 104 | Registered: Oct 2005
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NEW YORK, Dec 16, 2005 (BUSINESS WIRE) -- Universal Express Inc. (USXP), although not invited to the Air Net meeting scheduled for today, once again, repeats its standing offer of substantially more per share than the existing foreign offer of $4.55.
"Our $6.15 offer after a shortened due diligence period is sincere and ready to proceed," said Richard Altomare, CEO and Chairman of Universal Express, Inc.
"It is our plan to add two airline acquisitions to our proposal adding over $40,000,000 in increased revenues and seasoned, successful, existing management in both the charter and cargo air sectors to Air Net," continued Richard Altomare.
"It remains our belief that when the shareholders are given the opportunity to vote on this sale that they will seriously consider our offer, which, to date, has not been made available for the shareholders' decision," continued Mr. Altomare.
"In addition, at our scheduled Webcast Wednesday at 10:30 a.m., we also invite Air Net shareholders interaction to hear of our future programs and exciting opportunities that may affect their final vote on future stewardship," concluded Richard A. Altomare.
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He must have some strong financial partners, if this will become reality.
Okay, he told a lot all day long the last years, but maybe there's a chance that he will get USXP back up again. The last few news seems to be of better quality than his average news the last time.
Posts: 399 | From: Dubai | UAE | Registered: Sep 2005
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Universal Express Restates Its Air Net Offer and Invites Air Net Shareholders to Webcast Business Wire - December 16, 2005 07:00
NEW YORK, Dec 16, 2005 (BUSINESS WIRE) -- Universal Express Inc. (OTCBB: USXP), although not invited to the Air Net meeting scheduled for today, once again, repeats its standing offer of substantially more per share than the existing foreign offer of $4.55.
"Our $6.15 offer after a shortened due diligence period is sincere and ready to proceed," said Richard Altomare, CEO and Chairman of Universal Express, Inc.
"It is our plan to add two airline acquisitions to our proposal adding over $40,000,000 in increased revenues and seasoned, successful, existing management in both the charter and cargo air sectors to Air Net," continued Richard Altomare.
"It remains our belief that when the shareholders are given the opportunity to vote on this sale that they will seriously consider our offer, which, to date, has not been made available for the shareholders' decision," continued Mr. Altomare.
"In addition, at our scheduled Webcast Wednesday at 10:30 a.m., we also invite Air Net shareholders interaction to hear of our future programs and exciting opportunities that may affect their final vote on future stewardship," concluded Richard A. Altomare.
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
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.
Universal Express, Inc. Mark Falk, 631-588-1644 publicrelations*usxp.com
Copyright Business Wire 2005
Posts: 104 | Registered: Oct 2005
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Universal Express Clarifies 100MM Euro Contract Friday December 16, 10:28 am ET
NEW YORK--(BUSINESS WIRE)--Dec. 16, 2005--Universal Express, Inc. (OTCBB:USXP - News). In anticipation of our Wednesday Webcast, Universal Express has today clarified the projected revenues from its 100MM Euro Astro contract. ADVERTISEMENT
As the proformas have now been created by the Investment Banking Firm, we are able to project that Universal Express should generate approximately 61,510,000 Euro in profits from this contract," said Alfredo Walker, Project Manager.
"Universal Express is required to pay only 5,500,000 Euro for this project, and based on their proformas and potential return anticipates very little difficulty in achieving that sum of money," stated Richard Altomare, CEO and Chairman of Universal Express, Inc.
"This project guaranteed by a foreign government adds to our fundability, but will not generate revenues until April of 2006 as the set-up and start-up will take a period of time to commence," 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 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.
Contact: Investor Relations: Universal Express, Inc. Mark Falk, 631-588-2063 publicrelations*usxp.com
-------------------------------------------------------------------------------- Source: Universal Express, Inc.
Posts: 801 | Registered: Nov 2005
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With a guaranteed 61 mil in PROFITS ... this thing should be on its way to the pennies ...
Posts: 412 | From: NYC | Registered: Aug 2005
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So we've had 380 million in volume, almost all buys.
How many MMs left on 5? There's, what, 5 more waiting at 6, right ... that's the BIG breakout point I believe.
Posts: 412 | From: NYC | Registered: Aug 2005
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good luck getting it moved to 7+ 6 seems to be the next wall and i dont think shes got another 300+ million in volume of buys to move her.
Posts: 647 | Registered: Jul 2005
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