***Universal Express Is North American ...... as it has signed a contract to purchase North American Airlines. North America is a charter airline based at JFK Int'l Airport, presently operating a fleet of 757 & 767 airplanes. "This acquisition will add over US$160M in revenues. This 1st transportation acquisition will enhance our financial structure, but more importantly our logistical, cargo & luggage transportation capabilities have now been more substantially created," said president Richard A. Altomare >> Universal Express, Inc. owns & operates several subsidiaries including Universal Express Capital Corp., USXP Cash Express division, Universal Express Logistics, Inc., "The Virtual Bellhop, LLC & Luggage Express," and the WorldPost Private Postal Network, Inc.
NEW YORK--June 10, 2002--Universal Express, Inc. (OTC BB: USXP) announced today that in addition to its Expeditor intermodal patents, it has established over the past year strategic alliance relationships with nationally recognized quality coach fabricators and manufacturers throughout the continental United States, including US Coachworks and Viking Coachworks, with the specific purpose of manufacturing the retrofit of existing bus fleets to add freight carrying capability for all buses.
From TransportNews,com
and...
Universal Express (USXP) recently announced that they have secured the exclusive North American rights to a new "over the road" bus vehicle, known as the Intermodal Coach, designed to carry both passengers and express freight, and also has plans to sell and lease at least 3,000 of such vehicles over the next 10 years.
"Through the mid and late 1990’s, the company underwent major transitions. In the e-commerce area, in 1996 the Company launched a venture called UniqueNet, an interactive, specialty gifts Web Site. In 1997, USXP purchased the entertainment division of U.S. Transportation Systems (later "Manhattan Concierge") to provide theater, sports and special events tickets and concierge services. The Company intended to incorporate this division into its expanding list of services to the members of its Private Postal Network. In March, 1999, the Company announced an Internet based strategic alliances with HouseHold Direct.com and Internet Advisory Corp."
and....
"USXP recently purchased a full service asset based transportation/equipment leasing company leasing company, renaming it Universal Express Capital Corp. On September 4, 2002, the Company announced the acquisition of a majority interest in Swiss American Financing Corp., a stored value credit card provider. USXP can now offer an ATM stored value (MasterCard), called the "USXP Cash Express(TM)" card, to consumers nationwide through its subsidiary, Swiss American Financing Corp. It is a simple and inexpensive alternative to traditional bank accounts, conventional credit cards, and currency. It is intended that a myriad of credit, finance, and marketing applications will be offered to USXP cardholders. On September 23, 2002, USXP announced an on-line vehicle finance partnership program with PeopleFirst.com, the largest on-line provider for lending on automobiles and motorcycles. On October 4, 2002, USXP a letter of intent to acquire a majority interest in ATM Paycard LLC, which has established a product line and distribution method for ATM debit cards and stored value Visa cards. On October 24, 2002, the Company announced the signing of a letter of intent to acquire a majority interest in ALS Financial, an equipment leasing company. On October 25, 2002, the Company announced the signing of a letter of intent to purchase United States Coach, a leading manufacturer of commercial transportation vehicles. As stated, U.S. Coach has over 4500 constructed and historical revenues exceeding $25 million annually and possesses the coveted QVM (Qualified Vehicle Modifier) and CMC (Cadillac Master Coachbuilder) status held by fewer than 20 firms worldwide. In January, 2003, USXP announced that it had executed a contract to acquire U.S. Coach. On December 20, 2002, Universal Express announced a contract with American Business Management and National Benefit Advisory Association to allow PPN to sell health and consumer benefit savings programs for ABMI and NBAA. The program offers a series of quality health discounts, which are not health insurance, but rather an alternative to health insurance – which effectively allow uninsured, underinsured and even insured persons the opportunity to reduce healthcare expenses. On December 23, 2002, USXP announced that it was considering acquiring assets out of receivership of a futuristic Cargo-Lifter concept, a German-based operation which has a lighter- than-air airship science library and technical base, as well as the largest self-supporting hanger in the world."
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I've decided I'm going to cash in around 3/4 of my shares at .0052 and spread that portion of my earnings amongst a number of different companies. Perhaps it will help me get even more shares of this one at a later time. I'll still have a good number in this, though, just it won't be as risky. glta.
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I'm with you Iternity...I have a 700K shares I picked up for .004 and am going to retire on this one... by summer this will be .50 or more....IMO
-------------------- I teach in the middle of a cornfield-Do your own DD and don't base your investments on my opinions
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Sorry...I just don't have much money in my account and I made enough to potentialy buy an additional 4 to 6 securities that could explode....just an income strategy on my part. Still on the USXP team with 200000, though.
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at least it's still above .004 ppl just can't wait for a bigger profit and taking it now... understandable, since we were down lower before.. i don't suppose there'll be another pr today
Income Statement Revenue (ttm): 701.89K Revenue Per Share (ttm): 0 Qtrly Revenue Growth (yoy): -51.10% Gross Profit (ttm): 16.61K EBITDA (ttm): -11.04M Net Income Avl to Common (ttm): -11.44M Diluted EPS (ttm): -0.007
Remember...I have a stake in the company too and will probably buy more when the timing seems right. But the only thing that moves this stock is Altomares use of 'news' and 'pr's' IMHO.
-------------------- 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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