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ItsAboutFinance.tv CEO Series DRIVING INNOVATION Features Universal Express, Inc. CEO Richard Altomare from the NASDAQ 09/11/2006 12:42 NEW YORK, Sept. 11, 2006 (PRIMEZONE) -- On the fifth anniversary of the September 11th attacks on the United States, ItsAboutFinance.tv today features Universal Express, Inc. Chief Executive Officer Richard Altomare in its DRIVING INNOVATION video interview series. Universal Express occupies a unique niche in the transportation industry that has many important applications including implications in homeland security.
To see and hear Richard Altomare, CEO of Universal Express, Inc. talk about the company, its product line, growth strategy, management team and competitive edge, click on this link.
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All broadcasts change daily at 11 a.m. Pacific/ 1 p.m. Central/ 2 p.m. Eastern. CONTACT: Universal Express, Inc. Investor Relations: Mark Falk (561) 367-6177 publicrelations*usxp.com Tuesday September 12, 2006 10:48am ET -- U.S. Markets Open
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Universal Express Announces Fiscal Year 2006 Improvements 09/29/2006 07:30 Universal Express Inc. (OTCBB: USXP), announced today that its financial reports for its fiscal year ending June 30, 2006, have substantially improved over its June 30, 2005 fiscal year.
The overall market capitalization of the Company increased to $89,794,717 for the 2006 fiscal year from $4,693,239 for the 2005 fiscal year.
Total stockholders' equity increased to $4,423,112 for the 2006 fiscal year from $856,865 for the 2005 fiscal year, an increase of $3,566,247, or over 500%.
The Company's working capital equity for fiscal 2006 was $1,312,543 compared with a deficiency of $2,200,428 in fiscal 2005.
Total assets increased to $6,022,150 for the 2006 year from $3,359,292 for the 2005 year, an increase of 180%. Total liabilities decreased by $903,389.
Revenues from the Company's logistics and international shipping businesses increased approximately 100% for the 2006 year compared with the 2005 year.
"We are pleased with the development and growth of all of our businesses. Revenues from our logistics and international shipping business have almost doubled this year compared with last year, as they have in the previous four years, and we anticipate an exponential increase this year and in future years," said Richard Altomare, Chairman and CEO of Universal Express.
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 Friday September 29, 2006 12:30pm ET -- U.S. Markets Open
Quotes delayed 15 minutes for NASDAQ. 20 minutes for NYSE and AMEX. Market Data provided by Interactive Data. Terms & Conditions.
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