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Universal Express CEO Predicts Increased Share Price When Ill thought ``Naked Short'' Grandfather Clause is Eliminated 10:38a ET December 27, 2006 (Business Wire) Universal Express Inc. (OTCBB: USXP), announces that during its recent webcast, Universal Express Chairman Richard A. Altomare, predicted that should the SEC this month eliminate its "Grandfather Clause" protecting uncovered naked short positions, the Company's shares could substantially rise above its present per share price. (To listen to the webcast go to www.usxp.com.)
The Chairman quoted the Company's General Counsel, Chris G. Gunderson, as follows:
"I believe Universal Express' share price could rise far in excess of $2 per share if the SEC eliminates its Grandfather Clause from its Regulation SHO. This would force many hedge funds, private equity funds and other market institutions to cover their gigantic naked short positions in Universal's shares over the last 10 years, by being forced to buy actual shares in the open market.
"Naked shorting is a prevalent scandal of enormous scope for public companies and the future of American trading confidence, especially smaller public companies. This practice involves selling counterfeit shares to buyers which are never delivered. These naked shares were never issued by the Company and are unregistered and counterfeit."
"The Company believes the naked shorting of its shares on each market day over the past 10 years to be in excess of 20 times its outstanding shares, on a regular basis, during this period," concluded Mr. Gunderson.
"The SEC announced this month that it is now being forced to reconsider amending its Regulation SHO in January, 2007 to eliminate the illegal Grandfather Clause. Imagine ruling to ignore thousands of companies' failures, hundreds of thousands of jobs, and billions upon billions of ill gotten gains forgiven while American investors get left picking up after the SEC's neglect. The SEC's Grandfather Clause wants us to pretend these thefts didn't happen! This action to eliminate the clause has been endorsed by many prominent organizations, including the United States Chamber of Commerce and The North American Securities Administrators Association, Inc.," stated Mr. Altomare.
Beginning in 1997, the Company and its Chairman have taken an aggressive public stance against illegal naked short selling with public officials and in many national venues and press releases.
The Company has received in excess of $700,000,000 in judgments for the naked shorting schemes perpetuated against the Company.
The Company is actively pursuing its shareholders' legal options to obtain these funds from those organizations responsible for allowing naked short selling to have become so prevalent.
"During the holiday season, Universal Express heartily endorses 'Santa Claus' but not this ill-thought-out 'Grandfather Clause' which has given American stockholders coal while firms on Wall Street get all of the presents. Our position remains constant. You cannot sell what you do not own," 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
posted
Universal Express CEO Richard Altomare to Be Interviewed and Featured Tonight on National Business Radio Show ``Your Monies Worth'' on The Beasley Broadcasting Network
Dec 27, 2006 14:46:11 (ET)
NEW YORK, Dec 27, 2006 (BUSINESS WIRE) -- Universal Express Inc. (USXP, Trade ), CEO Mr. Richard Altomare will be interviewed tonight on the national radio show "YOUR MONIES WORTH" at approximately 7pm tonight on WSBR radio 740AM in South Florida, as well as affiliated stations, to include a web cast on www.fortunemarket.net .
The CEO of Universal Express and its affiliate companies will discuss in detail Universal Express' recent activity, the naked shorting issue as well as the overall outlook for the company in the upcoming year.
Any questions may be e-mailed in advance of the broadcast to mixternation*aol.com.
Show host and long time radio broadcaster Mick "MIXTER" Bazsuly will conduct the interview live at 7pm tonight.
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.
Universal Express, Inc. Mark Falk, 561-367-6177 publicrelations*usxp.com
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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posted
Universal Express CEO to Discuss Naked Short Selling on ***
Dec 27, 2006 15:13:18 (ET)
NEW YORK, Dec 27, 2006 (*********wire via COMTEX) -- Mr. Richard Altomare, CEO of Universal Express, Inc. (USXP, Trade ), will be featured live on Market News First ( www.***.com ) for an exclusive interview with the *** news team. The interview is slated for Dec. 29, 2006 at 11:00 a.m. CDT.
Altomare intends to discuss the company's current Saudi funding, acquisitions, the Jackson family memorabilia auction, naked short selling, and future plans for Universal Express as it ushers in the New Year.
To learn more about Universal Express, log onto ***.com.
About Universal Express Inc.
A challenging global economy has grown over the past decade, and the Internet, catalog and retail sales require inexpensive and responsive outsourced final mile domestic and international deliver networks. That need continues to be addressed by Universal Express, a company that continues to expand its vision, even after a decade of business.
Strong strategic relationships are being forged with companies and manufacturers, strengthening Universal Express' luggage logistics businesses, airlines and logistical courier networks. The company has also expanded its luggage delivery services into other areas, including MadPackers' "Door-to-D" college shipping services that make the move from home to college and back stress free. The company's Luggage Express Found division works with airlines and airports to reunite lost or misplaced luggage with its owners. Luggage Express has also begun to separate passengers from suitcases and offer a safer and more pleasurable travel experience.
Universal Express believes that an affordable, outsourced distribution system is needed to suit consumers' future needs, and believes that it is positioned to be a contender in the global economy for the next decade as it develops its outsourced and innovative subsidiaries.
In addition, the company has also broken into and expanded domestic and international shipping with its subsidiary, Universal Express Logistics, and its courier association of more than 3,000 independent private delivery companies that work to increase localized delivery solutions.
About ***.com
Market News First is an online, market news provider that brings investors current news on the market. Market News First is the only online, live IPTV website that brings real market news to investors and features live interaction with companies from the Bulletin Board to NYSE.
Through daily, live interviews, we bring you up to date on all the established companies and inform the investors of the newest opportunities within the market. Market News First offers one-on-one interviews with the presidents and CFOs of companies to deliver answers to the questions that investors may ask and provides them insight into the companies' present condition and future plans.
posted
What a day! I'm avg in at 0045! The volume on this was HUGE today. Can't wait for tomorrow!!!
Posts: 3026 | From: Chicago | Registered: Oct 2005
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posted
I got an email on USXP the other day at .0029 from Pro Penny Picks . com so i beleave they are pumping it also
Posts: 2 | From: ct | Registered: Mar 2005
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posted
Seems that the expected sell off has been taken for those who got in earlier for a good profit. We are at the .005 support range. The bid and ask are tight so the next hour or so will tell where this is headed.
-------------------- Ron Posts: 70 | From: Washington | Registered: Mar 2004
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quote:Originally posted by Braindamaged: Seems that the expected sell off has been taken for those who got in earlier for a good profit. We are at the .005 support range. The bid and ask are tight so the next hour or so will tell where this is headed.
IT DID THE SAME THING BACK IN AUGUST, 1 DAY TRADERS.
I HOPE IT CAME BACK UP
Posts: 4112 | Registered: Jun 2006
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Universal Express' Division MadPackers Signs Letter of Intent to Purchase Smart Movers Wednesday January 3, 3:37 pm ET
NEW YORK--(BUSINESS WIRE)--Universal Express Inc. (OTCBB: USXP - News), division MadPackers announced today the signing of a letter of intent to purchase Smart Movers, a leader in the college shipping and storage industry. Based in the Boston area, Smart Movers has been in operation for over 11 years and services over 23 schools across the northeast. Smart Movers, through its 11-year tenure, has averaged over 3,500 students per year for its shipping and storage services. ADVERTISEMENT
"We are all very excited to team up with an established player in the college services industry and gain 11 years of experience in one year. It is a great opportunity for our young company to continue its aggressive expansion and growth across the country," stated Brian Altomare, President of MadPackers.
The merger between Smart Movers and MadPackers will form one of the largest college shipping and storage companies in the country. MadPackers plans to retain the services and experience of Smart Movers management to continue and assist in the growth of MadPackers.
"With the experience of Universal Express' customer service, logistics, and operations behind us, I am very confidant that SmartMovers will be able to expand MadPackers business and help it become the leader in this fragmented college shipping and storage industry," said Larry Byron, President of Smart Movers.
"With this industry still in its formative phase, the combination of Universal Express' many companies and operation capacities, along with Smart Movers 11 years experience on the front lines of campuses across the country, we will build the foundation and set the tone for the entire college services industry," noted Byron.
"The acquisition of Smart Movers will give MadPackers additional offices in Massachusetts, expanding its already existing operations in Florida and New York City. We will now have local presence in one of the largest concentrated areas for colleges and students anywhere in the United States," said Chris Adamo, Director of Business Development for MadPackers.
"This is a great way for MadPackers to end its first year of operation and bring in the New Year," concluded Chris Adamo.
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.
Posts: 4071 | Registered: Dec 2005
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posted
suprised it ran to .0039 news wasn't even that good, didnt contain any specific numbers or dollar amounts, I guess it ran from the momo from the jackson memorbilla news lmao
Posts: 550 | From: MI | Registered: Nov 2005
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Press Release Source: Universal Express Inc.
Universal Express Reports Revenue Growth Wednesday January 17, 12:24 pm ET
NEW YORK--(BUSINESS WIRE)--Universal Express Inc. (OTCBB: USXP - News), announced today that three of its subsidiaries, Luggage Express Found, Universal Jet and Luggage Express have reported extraordinary earnings growth numbers prior to its formal quarterly report.
"Luggage Express Found reports its monthly revenues have increased 80% and its January 2007 revenues are increasing 90% over its January 2006 revenues. Its overall profitability has increased 50%," said Mariano Guerrero, General Manager of Luggage Express Found.
"Universal Jet has increased its monthly revenues from $655,000 to $1,000,000, an increase of approximately 40%," said Michael McCauley, President of Universal Jet.
"Luggage Express remarkably has increased its monthly sales 100% but its profitability has increased 1582%. Yes, that's one thousand five hundred and eighty two percent," said Sabine Wehder, Director of Luggage Express Customer Service.
Pending our quarterly report, and as our subsidiaries grow and our fundamentals improve; Universal Express and its financial partners poise for 2007 to be a year for our shareholders to observe our growth and corporate maturation," concluded Richard A. Altomare, Chairman and CEO of Universal Express, Inc.
About Universal Express
Universal Express, Inc. is a 23 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: Universal Express, Inc. Mark Falk, 561-367-6177 publicrelations*usxp.com
-------------------------------------------------------------------------------- Source: Universal Express Inc.
Posts: 4112 | Registered: Jun 2006
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