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Universal Express to Purchase 100 MM Euro Contract 12/8/05
NEW YORK, Dec 08, 2005 (BUSINESS WIRE) -- Universal Express Inc. (OTCBB: USXP), announced today 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.
Balmoral Financial Services Companies, with headquarters in Ohio, has and is continuing to assist Universal Express in this transaction.
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
About SECITV
Security IT Vision, Inc. a Nevada corporation. (www.secitv.com) is a sister company of Astro Datensysteme AG (www.astro.de) which is a major International accredited Biometrics technology provider. Astro was the first company in the market which brought biometrics security to a commercial success. Their partner list includes fortune 100 companies worldwide.
-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
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I like em all. But CHDT, VICI and this all looking HOT, HOT, HOT. If I can keep up with the L2's (LOL) I'll play two of them. Gonna' watch the open and jump inem'!
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run... Posts: 8024 | From: Joisey....see attitude above | Registered: Jan 2004
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Thanks Matto!!! And Lil, VICI is burning, which I will be hopping on board at the bell. Any thoughts on either of your goals today for these two? These are classic momentum plays for today. Pretty safe, if the word can apply at all in the penny world.
Posts: 460 | From: NC | Registered: May 2005
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ALL GREEN TODAY,,,,GO,GO THANKS FOR THE INFO MATTO.. I LIKE THE .002 PROSPECT!!!! I'M IN AT .0004
Posts: 238 | From: Us | Registered: Aug 2005
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