posted
Don't start lashing at me...but keep in mind that the Sec have taken USXP to court for "acting" like it was buying businesses and merging with other companies ...but never really were...It would just be fantastic if we could get something out of ANS for verification!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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I know this is old, but who made this offer?: ============================================= Columbus, Ohio, finance freight company avoids sale
By Knight-Ridder Open Last Update: 12/18/2005 3:43:45 PM Data provided by
Dec 17, 2005 (The Columbus Dispatch - Knight Ridder/Tribune Business News via COMTEX) -- AirNet Systems will not be sold, at least for now.
The Columbus company said yesterday that a deal with a private investment firm fell through. In October, the unnamed firm agreed to buy the company, pending shareholder approval, for $4.55 a share, or more than $46 million.
"We're disappointed, but it's just part of the business,'' Joe Biggerstaff, AirNet's chairman, chief executive and president, said yesterday at the company's annual shareholders' meeting in Columbus.
On Thursday, AirNet board members reviewed the latest proposal and unanimously chose not to extend the so-called exclusivity period between company and the investment firm, Biggerstaff said.
Company officials said they will focus on operating AirNet as an independent company. But, "if we receive an offer from a qualified potential acquirer, we will consider it,'' board member James Riddle said in a statement.
Other parties remain interested in AirNet, said Phillip Goldstein, managing partner of Opportunity Partners in Pleasantville, N.Y. Goldstein led a group of investors opposed to the previous offer, saying it was too low.
"There have been people who have expressed interest,'' he said, adding it is uncertain "whether someone can come up with the money'' The company stock topped out at $5.44 in the past year, but slid to $3.67, down 34 cents, in heavy trading yesterday.
Much of AirNet's core business -- tranporting canceled checks for banks -- is threatened as more financial transactions are conducted electronically.
One unidentified bank pulled its $1.2 million contract with AirNet this week.
Goldstein said the lost contract represented less than 2 percent of the company's revenue. He also disagrees with some of AirNet's moves to branch out into other areas, including charter service, and said that the company's bank business has been stable.
But Michael Boyd of the Boyd Aviation Group in Colorado, said diversifying is important for AirNet, especially after yesterday's news.
"I would not criticize management (for) trying to spread the risk into charter because of what we see in terms of growth,'' he said. "The bank side of it is not a growth industry.'' AirNet, based at Rickenbacker Airport, has 870 employees, 420 of them in Columbus. =============================================
-------------------- Not so "n00b" any more.
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Universal Express Presents Funding Commitments to AirNet's Investment Banker Monday February 13, 11:20 am ET
NEW YORK--(BUSINESS WIRE)--Feb. 13, 2006--Universal Express Inc. (OTCBB: USXP - News), has presented the requested funding commitments that were required to purchase AirNet Systems. ADVERTISEMENT
"We await the actions of their assigned investment banker so that our due diligence can commence," 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
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.
posted
"Much of AirNet's core business -- tranporting canceled checks for banks -- is threatened as more financial transactions are conducted electronically."
Something to keep in mind.
Don't get me wrong. I want something positive to come of all this too.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse.
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Richard A. Altomare, Founder and Chairman of the Coalition for Luggage Security, and CEO of Universal Express, Inc. went on Money TV twice back in January saying the deal wasn't dead with ANS. They submitted a counter proposal with a higher bid for ANS. I believe it was for $5.15 a share.
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I have to give Altomare credit. With all the 'opportunities/issues' that USXP has been involved in over the years, at least he hasn't screwed his shareholders like many other pennies have. It's always been up to the shareholder to do DD and buy/sell when it makes sense.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse.
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I'm expecting that Usxp will simply make little gains...hopefully each day..it is good that it isn't going way up and way down..."IF" there is ever a merger..which we won't know for at least 20 days...then it may spike up...or if the government starts to back them and "go with USXP's thinking"...JMHO
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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Slow steady climb would be fine. I expect a more PR from them for the next few days. It looks like their back on track with consistant PR releases.
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Coalition for Luggage Security Reports that Voodoo Princess Charged With Failure to Declare Human Head NEW YORK--(BUSINESS WIRE)--Feb. 13, 2006--"Behind the 'Skullduggery' and bizarre tale of a Haitian woman arriving in Florida with a human head with organic matter inside, a more somber security question must be addressed," said Richard A. Altomare, Founder and Chairman of the Coalition for Luggage Security, and CEO of Universal Express, Inc. (OTCBB: USXP) http://www.sun-sentinel.com/news/local/southflorida/ sfl-210airportskull,0,2928922.story?coll=sfla-home-headlines (Due to the length of this URL, it may be necessary to copy and paste this hyperlink into your Internet browser's URL address field.)
"The skull came from another country traveled with Floridian residents, landed in an American airport with thousands of other travelers, and was uncovered during a routine customs search. Had it been a bomb or chemical solution what is the value of our existing domestic protection? With no luggage there are no possibilities of other security teams in other countries inadvertently harming American children and America's peace of mind," stated Mr. Altomare.
"Today, we shrug off the skull as a quirky news item. Is a suicide bomber more or less quirky? Is a human skull more or less difficult to conceal than anthrax or a dirty bomb?" continued Mr. Altomare.
"Let's stop laughing at the absurdity of a voodoo princess and start getting security serious before one human skull is replaced by tens of thousands of tragic skulls spewn about an airport because we refused to accept that our well-intended security system is inadequate as it stands. If it's inadequate for one crazy voodoo princess, it's inadequate for those organized terrorist cells that wish this nation harm," said Richard Altomare.
"I would 'tongue in cheek', keep and 'eye out' so that we could remain 'a head' of the insanity of this security 'earful'. Separate travelers from crowded airports and uncontrollable luggage (http://www.usxp.com/securitywp.pdf). Let's properly protect our citizenry. Today the skull is late night jokes. Tomorrow it may once again require a fund raising concert. Our Coalition once again remains on the record, and every Senator and Congressman will receive this press release. This time agency bureaucrats will not be able to exercise the 'we were never told' defense. No more skullduggery! Denial must be replaced with resolve," concluded Richard Altomare.
About The Coalition for Luggage Security
The Coalition for Luggage Security was established to ensure the safety of travelers through alternate means of luggage transportation. The Coalition consists of prominent businesspersons and companies that educate the public, Congress and the Administration on the importance of solving the luggage and cargo safety issues that exist in airlines and airports.
-------------------- dont drink and drive!!!
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quote:Originally posted by logical buyer: Richard A. Altomare, Founder and Chairman of the Coalition for Luggage Security, and CEO of Universal Express Inc went on Money TV twice back in January saying the deal wasn't dead with ANS. They submitted a proposal with a higher bid for ANS. I believe it was for $5.15 a share.
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