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Universal Express' Response to First Call Feb 12, 2007 3:00:00 PM Copyright Business Wire 2007 NEW YORK--(BUSINESS WIRE)--
Universal Express Inc. (OTCBB: USXP), today responded to First Call's removal of a posted and announced recommendation and target price from its report on USXP.
"The depth of corruption insidious in this naked short selling scandal has just exposed itself once again. Are market makers, brokers or hedge funds short this stock in excess of 20 times its outstanding shares now afraid of free speech and free analyst opinions? Why a removal without an explanation? Damages and malfeasance towards our Company and its shareholders will always be defended by our Company," stated Richard A. Altomare, President and CEO of Universal Express, Inc.
"The facts remain simple. An analyst report summary appears from First Call on its website. We verify and we announce. Then two days later the recommendation and target price mysteriously disappears from the report with the cryptic comment 'No analyst consensus'," continued Mr. Altomare.
"Who couldn't afford or allow to have Universal Express' future stock price evaluated and grow? Was it selected brokers, market makers and other Wall Street interests who wallow their gluttony through the naked shorting scandal at the expense of ordinary investors? Was it conflicted persons at a regulatory agency? Was it related to our long-term public position on the naked short selling scandal and against those responsible for naked short selling, being permitted in America to rob the middle class of the value of their investments while ruining thousands of public companies for more than ten years?" concluded Mr. Altomare.
"Universal Express will meet with its attorneys to commence appropriate litigation against First Call," stated Chris G. Gunderson, General Counsel of Universal Express.
"There appears to have been a great wrong perpetrated against our Company ranging from the gross and reckless negligence of First Call to a possible deliberate attempt to harm our Company by insidious interests."
"Universal Express has received more than $700 Million in jury awards against naked shorters and is not afraid to defend its rights and the interests of its shareholders. I am confident that our litigation against First Call and our ultimate success will right these wrongs with a judgment of appropriate valuation," concluded Mr. Gunderson.
About Universal Express
Universal Express, Inc. is a 23 year old logistics and transportation conglomerate with multiple developing
-------------------- The difference between genius and stupidity is that genius has its limits
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I think have had previous success with like litigation.
"Universal Express has received more than $700 Million in jury awards against naked shorters and is not afraid to defend its rights and the interests of its shareholders."
...and it's still a bloated pos.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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Universal Express, Inc. (OTC BB:USXP) - Tuesday's market increased 4.55% to $0.0023, with a total of 503,772,005 shares traded. The company announced that its financial results for its second fiscal quarter ending December 31, 2006, have substantially improved over its December 31, 2005 second quarter. Operating revenues increased 352% to $992,435 for the second quarter from $281,861 for the 2005 quarter. Operating revenues were $1,474,333 for the six months ending December 31, 2006 compared with revenues of $501,033 for the six months ending December 31, 2005, an increase of 294%. The overall market capitalization of the Company increased to $63,833,773 for the 2006 second quarter from $2,973,105 for the 2005 second quarter, an increase of over 2100%. Total stockholders' equity increased to $5,855,908 for the 2006 quarter from $593,254 for the 2005 quarter, an increase of $5,262,654 or 987%. The Company's working capital equity for the 2006 quarter improved substantially to a positive $591,207 compared with a working capital deficiency of $2,432,301 in the 2005 quarter, an increase of over 500%. Total assets increased to $8,686,878 for the 2006 quarter from $3,328,498 for the 2005 quarter, an increase of over 260%. "We are pleased with the development and growth of all of our businesses. Revenues from our logistics and international shipping business have more than tripled for the second quarter compared to the 2005 second quarter as they have in the previous five years, and we anticipate an exponential increase this year and in future years as our controlling partnership of Universal Jet has its financials audited by our accountants," stated Richard A. Altomare, Chairman & CEO of Universal Express, Inc.
Universal Express, Inc., together with its subsidiaries, provides logistical, transportation, packages and luggage delivery, and equipment leasing services to private postal industry and consumers worldwide. It facilitates and manages movement of baggage door to door for leisure and business travelers. The company offers retail and business postal services, and various personal business services and merchandise, such as commercial mail receiving; office products and supplies; packaging and shipping; copying, imaging, photo finishing, and digital services; home office boutique items; and concierge services through Web-based customer relationship management software system. It offers asset based transportation and leasing services that provides capital acquisition funding for the business sector. The company also provides services to international shipping and transportation industries. In addition, it offers electronic prepaid products and services. The company was incorporated in 1983 and is headquartered in New York, New York.
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Coalition for Luggage Security Sounds Alarm to Suitcase Bombs Aboard Indian Train The Coalition for Luggage Security, today commented on the tragic Friendship Express train bombing in India this Monday where multiple bombs were smuggled aboard a train in suitcases that killed at least 66 people, including many children and wounding scores of others. (http://www.news.com.au/story/0,23599,21255410-1702,00.html).
This is precisely the scenario that the Coalition for Luggage Security has been working to prevent in our airports and in the air. The Coalition urges the separation of luggage from passengers in order to prevent a tragedy like this from happening in the United States and on any airport ticketing line prior to inspection by TSA officials.
Currently, the aviation industry transports double the number of bags than passengers each year and this number is only increasing. It is now more important then ever that luggage and cargo reform be given the attention it deserves. “The bombing of this train should remind all of us that luggage security, in the air or on the ground is essential. It is essential that we are proactive and begin the process of separating luggage from passengers before a like tragedy occurs on American soil once again,” said Faye Sora, Coalition Director. The bomb blasts in India foreshadows the importance of the Coalition’s warnings and proposals in our airports.
“What we in the Coalition have been saying for years can happen, has sadly happened and it is only a matter of time before a terrorist or malcontent will attempt such an act in the United States,” stated Richard A. Altomare President and Founder of the Coalition and, CEO of Universal Express, Inc. (OTCBB:USXP). We urge the Airlines and Government Officials to consider the proposal presented by our Coalition for Luggage Security. Separate luggage, speed up airport lines, save precious fuel, lower ticket prices and prevent avoidable tragedies. Don’t respond too late or insult us with ridiculous plastic see-through suitcases like our TSA think tank thought solved this summer’s shampoo and hairspray ‘threats’,” continued Richard Altomare.
“The Coalition’s proposal is explained in detail in the white paper ‘More Safety, Less Hassle for American Travelers: A Private Sector Solution’,” concluded Mr. Altomare
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.
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.
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