posted
Also....where are the blimps and the bus-trucks?
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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One basher, can we get two more. Why should you care if anyone gets out or stays. In order to sell, there must be a buyer. So how are you saving someone that sells and not the one that buys. Unless, I guess the buyer would be you.
Hold Position, this baby hit .0004 today and looks like it's going to run very soon.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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quote:Originally posted by TopRob: One basher, can we get two more. Why should you care if anyone gets out or stays. In order to sell, there must be a buyer. So how are you saving someone that sells and not the one that buys. Unless, I guess the buyer would be you.
Hold Position, this baby hit .0004 today and looks like it's going to run very soon.
HE'S JUST ANOTHER SUBLIMINAL BASHER HE WAS HIBERNATE
posted
If they ever decide to separate luggage from flights, USXP will be in a position to corner this market. Strong volume today (243.8M) --------------------------------------
The Coalition for Luggage Security Reports on a Now Jumbo-Jet Sized Problem Monday August 6, 1:20 pm ET
NEW YORK, NY--(MARKET WIRE)--Aug 6, 2007 -- The Coalition for Luggage Security today commented on the mounting problems for British Airways. Friday, Aug. 3rd, 2007, British Airways Chief Executive, Willie Walsh, confirmed that it is operating luggage only flights from London to New York. The company was forced to begin luggage only flights as a result of the backlog of around 22,000 pieces of luggage that never made it on the correct flight. http://www.timesonline.co.uk/tol/news/uk/article2204065.ece
"I think this is a clear case demonstrating the massive inefficiencies of the commercial aviation luggage transportation system. If 22,000 lost suitcases are not enough to spur investigation into alternate means of luggage transportation, what will?" asked Josh Holm, Director of The Coalition for Luggage Security.
"When will our 'sensible-thought' lights begin to go on as they pertain to luggage? Separating luggage from passengers before flights has been our credo for almost a decade now. Travelers are getting the message, but when will airport security personnel, airlines, and governments get it? Will it take an explosion over this ridiculous and horrific luggage problem to eliminate this less than enlightened solution to an ongoing and worsening problem?" questioned Richard A. Altomare, President and Founder of The Coalition for Luggage Security, and CEO of Universal Express, Inc. (OTC BB:USXP.OB - News).
The Coalition for Luggage Security urges Government officials, domestic and abroad, and the airline industry, domestic and abroad, to evaluate their current system's short-comings. Passenger luggage should not be shipped on passenger flights and we propose passengers be given an affordable choice to ship their bags in advance of their trip to reach their destination before they arrive. This action would dramatically reduce the number of bags on airplanes and in airports. A decline in passenger baggage reduces the amount of luggage being lost, and reduces the chances for security breaches. Managing security and passenger comforts become easier when baggage is taken out of airports and out the hands of travelers
posted
Universal Express to Submit Appellate Papers in Its Naked Short Selling Case Wednesday August 8, 7:30 am ET
NEW YORK, NY--(MARKET WIRE)--Aug 8, 2007 -- Universal Express, Inc. (OTC BB:USXP.OB - News) has, as expected, been required to submit its appeal arguments to the United States Court of Appeals in its ongoing SEC case, including Universal Express' justifiable request for a jury trial.
"Recent rulings simply decided to allow our appeal to go forward as expected. The lower court determined that our request for a jury trial was 'moot' pending our appeal papers going before the Court of Appeals. We respectfully disagree with the lower court's interpretation of our bankruptcy code immunity, the ignoring of naked short selling and disregard for the SEC's abuse of power to silence us on the naked shorting scandal," said Richard A. Altomare, Chairman and CEO of Universal Express, Inc.
"Our initial request for a jury trial will be presented to the appellate court.
"Nothing has changed our position on naked short selling and recent rulings ignored our constitutionally sound defense and our existing $700,000,000 naked short selling judgments.
"It is important to note that upon the granting of a jury trial all decisions also become 'moot'. That's why a jury trial is so important in this case.
"It is unfortunate that landmark cases are not decided at lower levels, but we remain confident of our position on naked short selling and a reversal on this matter of national importance," continued Mr. Altomare.
"It continues to astound me that the original defendant (SEC) has attempted to shift their role in naked short selling to their violation of our corporate rights. Their customary tactics are ones of demonizing the victims while the SEC permits the daily issuances of billions of counterfeit shares as they disregard their responsibilities to the general public.
"There is only one pertinent question that responsible citizens and sophisticated business people should examine. Should the defendant be permitted to disregard their role in our $700,000,000 existing judgments while they attempt to silence or damage the plaintiff whistleblower?
"Men of integrity may differ on matters of law and fact. Such is this case, which will take many twists and turn before our American trading system and the rightful role of the Security and Exchange Commission are redefined and corrected with the help of the spark of resistance by this resilient and righteous Company. Americans should never fear their governmental agencies, and all Americans deserve jury trials," concluded Mr. Altomare.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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The Coalition for Luggage Security Comments on Airline Charging for All Luggage Thursday August 9, 10:29 am ET
NEW YORK, NY--(MARKET WIRE)--Aug 9, 2007 -- The Coalition for Luggage Security commented on Easyjet, a UK-based airline, announcing that it will charge all passengers for checking their luggage. In an effort to keep pace with its rival Ryanair, Easyjet has adapted and is now charging a small fee for all checked bags, whereas they originally only charged for the second bag. An Easyjet spokesperson said, "It's about getting people to pack smarter, travel lighter and travel cheaper." http://news.bbc.co.uk/2/hi/business/6930067.stm
"We commend Easyjet and Ryanair on their decision to begin charging passengers for luggage check-in. Albeit a small step, it is a step in the right direction to rid our airports of unnecessary luggage," said Josh Holm, Director of The Coalition for Luggage Security
"The implications of the decisions made by both of these companies show that they have recognized that there is in fact a problem and they are willing to address it by stepping out of the norm into untested waters. We are pleased to see that at least these two companies have made an attempt at a solution that does not involve new baggage scanners and more personnel. We are looking forward to Airlines in the United States learning from the examples of these two British Airlines and creating a global difference in the way people travel," said Richard A. Altomare President and Founder of the Coalition for Luggage Security, and CEO of Universal Express, Inc. (OTC BB:USXP.OB - News).
The Coalition for Luggage Security urges Government officials and the airline industry to discuss alternate means of baggage delivery. Passenger luggage should not be shipped on passenger flights and we propose passengers be given a choice to ship their bags in advance of their trip to reach their destination before they arrive and have a separate line for luggage free travelers to gain access to the airport terminals. This action would vastly reduce the number of bags on airplanes and in airports. A decline in passenger baggage reduces the amount of luggage being lost and personnel needed to screen the bags.
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.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
Universal Express' MadPackers Reports Updates Friday August 10, 2:12 pm ET
NEW YORK, NY--(MARKET WIRE)--Aug 10, 2007 -- Universal Express, Inc. (OTC BB:USXP.OB - News) -- "Universal Express' subsidiary MadPackers, through various and creative marketing and advertising initiatives, continues on its path to becoming a household college brand with students and parents," said Richard A. Altomare, Chairman and CEO of Universal Express, Inc.
"From its humble beginning last year, MadPackers now services students from over 100 colleges, has increased sales over 1600% from last years initial sales, and plans for additional schools and additional growth. As we adapt and adjust to the uniqueness of each University's needs, we continue our penetration into creating a trusted and secure national college shipping, storage and future college services company from coast to coast," stated Eric Veleker, MadPackers' Director of Business Development.
"I'm not sure if it has been our regular 800,000 student direct mailer, our college tours, our advertising, our extraordinary word of mouth referrals or our strategic retail partners; but our initial receptivity by Universities has been encouraging," said Dave Thompson, MadPackers' Operations Manager.
"Our market of 17,000,000 college students and even more high school seniors have generated responsive results to our website (www.madpackers.com), and our other creative avenues of exposure," said Brian Altomare, MadPackers' President.
"Although a seasonal business in our initial years, we are adapting to the long term creating of other college student businesses. Our initial emphasis at this time, however, will remain in shipping and storage," concluded Brian Altomare.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
This thing can not be bought at .0002 . I'v been trying for weeks .
So I will have to re due-orders to buy at .0003 . Got to get my stand by shares before shorties have to cover .
Posts: 388 | From: redlands | Registered: Jul 2006
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Universal Express Announces Luggage Express Results Monday August 13, 10:18 am ET
NEW YORK, NY--(MARKET WIRE)--Aug 13, 2007 -- Universal Express, Inc. (OTC BB:USXP.OB - News) -- "Universal Express' subsidiary Luggage Express Found announced its un-audited comparisons from June quarters 2006 and June 2007. Luggage Express Found 3-month numbers improved 100% from $435,492 to $891,478. Our Luggage Express door to door service has increased 80% in shipped suitcases from last years numbers," said Richard A. Altomare, Chairman and CEO of Universal Express, Inc.
"Our growth continues in both subsidiaries and as more strategic partners and more airlines join our network, future progress is anticipated," said Mr. Altomare.
"Universal Express continues to grow. Divisions such as Luggage Express and Luggage Express Found are prime examples of not only growth, but growth in an industry changing the way people travel. We anticipate other divisions such as MadPackers and LEAP (Luggage Express Associate Program) to continue their growth as well. LEAP, our newly formed franchise opportunities that is now being licensed and registered throughout the United States, will help develop and help increase Luggage Express' exposure and make traveling with luggage a thing of the past," concluded Mr. Altomare.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
Huge volume today. Already 282M, but mostly at the Bid. Could be dilution or big time dumping.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
Universal Express Announces Grandfather Clause Removal Tuesday August 14, 2:17 pm ET
NEW YORK, NY--(MARKET WIRE)--Aug 14, 2007 -- Universal Express, Inc. (OTC BB:USXP.OB - News) announced today that through the efforts of many concerned public companies and investors, the long awaited removal of the hastily created and illegally announced REG SHO "Grandfather Clause" has today been officially posted in the Federal Register for removal. http://a257.g.akamaitech.net/7/257/2422/01jan20071800/edocket.access.gpo.gov/200 7/E7-15708.htm
"Although the SEC was prevented by public pressure from continuing its illegal exemption intended to forgive decades of counterfeit public company stock trading, we men of integrity are elated at this return to an equitable trading system with vigorous enforcement," said Richard Altomare, Chairman and CEO of Universal Express, Inc.
"On October 15th, all 'naked short' positions in public companies must be covered. If the SEC intends to enforce this action those companies' stock valuation should improve and return to normal levels," continued Mr. Altomare.
"Let's now see if the SEC acts to enforce this new rule, and inform our elected officials if this law is not enforced. This will hopefully satisfy our long awaited desire for those who were empowered to regulate fairly, to finally do so, and to regulate actual certificates and not counterfeit ones," concluded Mr. Altomare.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
Universal Express CEO Richard Altomare Interviewed by MoneyTV Friday August 17, 10:35 am ET
NEW YORK, NY--(MARKET WIRE)--Aug 17, 2007 -- Universal Express, Inc. (OTC BB:USXP.OB - News) today announced its CEO, Richard A. Altomare, provided in-depth information on a range of current topics during an interview with MoneyTV. ADVERTISEMENT
Mr. Altomare's interview includes various topics concerning the company and status of ongoing announcements.
----------------------------------------------- It appears that moneytv has a new format and it don't allow you to fast forward, so you have to watch the whole video. Not good since USXP is second (12 minutes in).
posted
The Coalition for Luggage Security Reports on $420 Billion Risk of Airport Terror Attack Wednesday August 22, 1:19 pm ET
NEW YORK, NY--(MARKET WIRE)--Aug 22, 2007 -- The Coalition for Luggage Security today reported on the economic impact of another terrorist attack on the United States. Scientific Journal "Risk Analysis" says that if another attack were to happen on the U.S. it could cause up to $420 Billion in damages. This report is based on an attack that would shut down the entire aviation system. http://biz.yahoo.com/bw/070821/20070821005113.html?.v=1
"The economic ramifications of another terrorist attack might likely cause irreparable damage to our already sluggish economy and a crushing blow to a struggling aviation industry. We need to find a better solution to our airport security flaws before rather than after an incident," said Josh Holm, Director of The Coalition For Luggage Security.
"Let's simply remember that baggage in an airport ticket line is an open invitation to such an incident. One unchecked bag on a plane could cause the same 420 billion dollar liability. Is our present luggage delivery system so efficient that Americans won't examine a new method? If there were no bags in the airport the efforts of thousands of TSA officers could be redirected to passenger screening, checkpoint security, and even border detection," said Richard A. Altomare, President and Founder of the Coalition for Luggage Security and CEO of Universal Express, Inc. (OTC BB:USXP.OB - News).
The Coalition for Luggage Security has been urging Government officials and the airline industry to discuss alternate means of baggage delivery to eliminate threats that result from the presence of luggage in airports and on passenger flights. Passenger luggage should not be shipped on passenger flights, and we propose passengers should be given a choice to ship their bags by services in the private sector in advance of their trip to reach their destination before they arrive. This action would dramatically reduce the number of bags on airplanes and in airports. A decline in passenger baggage reduces the prospect of infiltration of terrorist devices in airports or onboard airplanes.
posted
You will have to admit, Richard is one funny guy, I mean this guy can and does say some great stuff...to get the masses fired up.
Press Release Source: Coalition for Luggage Security
The Coalition for Luggage Security President and Founder Supports Congressman Filner Thursday August 23, 12:55 pm ET
NEW YORK, NY--(MARKET WIRE)--Aug 23, 2007 -- The Coalition for Luggage Security today supported Congressman Filner's position during an altercation he recently had at Dulles International Airport with a baggage claim worker when his luggage was misplaced. For the full story, go to http://www.foxnews.com/story/0,2933,293834,00.html. "Congressman Filner had finally had enough of the broken luggage system in America, and he did what thousands of travelers want to do -- he spoke up and refused to be treated like a child by an unconcerned, uninformed, and perceived all-powerful airline employee," said Richard A. Altomare, President and Founder of the Coalition for Luggage Security and CEO of Universal Express, Inc. (OTC BB:USXP.OB - News).
ADVERTISEMENT
"The 64-year-old Congressman, who was on his way to visit troops in Iraq, obviously remembered when airports were less restrictive and terrorist fears weren't supposed to be transferred to uniformed security personnel. His behavior is one of a frustrated leader and is understandable under the circumstances. He should not be legally reprimanded for the incompetence and arrogance of specific luggage workers in that airport.
"In a politically correct world, many may criticize the good Congressman for not refusing to step away when improperly ordered to do so by the same airline which lost his luggage in the first place. Violation of rights goes both ways and most travelers are exactly at that stage of frustration as they wait in lines, have their luggage lost regularly (57 every minute), and are having their right of free speech eliminated by our governmentally created, over-reactive fear, of terrorists in airports today.
"Bravo for Congressman Filner's remembrance of what it means to be a proactive American. Expect more and then improve upon it. That's why our Coalition and its 40 members support and understand his act of frustration on the part of every abused traveler who is without his political position.
"The Coalition does not necessarily condone walking into secured areas, or putting their hands on someone, but we do understand the frustration of travelers, particularly frequent travelers who are constantly manhandled, verbally abused by security and other workers, and who have their important items lost or misplaced. The system needs to change or unfortunately, the current system will see more and more of these types of situations, that quite frankly, it provokes," concluded Mr. Altomare.
-------------------- Slave to the Sub-Penny Posts: 1 | From: RI | Registered: Jul 2007
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Yes ... And thats why I must always make sure to have shares of this one . When you least expect it ... BOOM !
Boom Boom Booooom . Stock price up . He is like a mystical magical stock price wizard ..... He has taken the stock price from flaming lows to skyrocketing highs several times so far in the years I have been watching it . I think there is a more than good chance his amazing turn around magic will accur again . There is no one else like this guy . In the past he took this stock { with huge bashing and negatives on all boards } from less than it is worth now ... to being worth more than 44 thousand dollars for each million shares .
I SAW IT HAPPEN ..... I was in it then and ever since . And several over unthinkable and unexpected runs have happened to it .
I said this before ...... This is one of the most watched and talked about penny stalks I have ever seen . Posts: 388 | From: redlands | Registered: Jul 2006
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posted
I believe it will run again also. It just need a kick start to get things going. I think the Jackson auction was a big set back and scared away a few, but they might come back if Richard can continue to hold things together and get the SEC off his back. A share buyback would also help.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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Actually, if the o/s wasn't in the mega billions, the charts look not bad on this.
-------------------- Opinions are not facts. Never, ever, ever, fall in love with a stock. Posts: 146 | From: canada | Registered: Aug 2007
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posted
Do tell. I'm almost embarrassed for you, seeing as how you have yet to make even one winning pick.
-------------------- Opinions are not facts. Never, ever, ever, fall in love with a stock. Posts: 146 | From: canada | Registered: Aug 2007
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Search the Juni thread . You will see I bought it . Price then was .004 & .0045 when I bought . Sold in last three weeks for .0008 . Then I bought more at .0025 & sold at .003 . And then I just bought at .0012 & sold at .0025 this week .
I'm still selling USXP I bought at .0002 . Sold most at .0003 and selling others at .0004 which should go thru any day .
Then theres DCBI which I bought when it went down to .06 cents a share . I sold at .14 cents , .16.5 cents and at .21 cents . Now I am buying more as it it under priced again .
Your beginning to sound weird . I state the facts . I made money on PAIM too .Right after the buy back . I kept calling my broker to slam my orders in when trading restarted . It went up I cashed out . Have no paim at this time and may stay way from it untill next year when I expect they will do another mandatory buyback .
Posts: 388 | From: redlands | Registered: Jul 2006
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posted
Universal Express CEO Richard Altomare Announces Upcoming Interview With Wallst.net Tuesday August 28, 10:28 am ET
NEW YORK, NY--(MARKET WIRE)--Aug 28, 2007 -- Universal Express Inc. (OTC BB:USXP.OB - News) today announced its CEO, Richard A. Altomare, will be featured in an exclusive interview by Wallst.net (www.wallst.net) on Thursday, August 30, 2007 at 10:30pm EDT. The interview will be conducted by Wallst.net Senior Reporter, Mike Chiavetta. This interview will be posted at www.wallst.net, on Friday, August 31st at 8pm EDT.
Mr. Altomare's interview includes various topics concerning the company and status of ongoing announcements.
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.comPosts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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I don't refer do it as a good stock . I describe it as a circus stock . If you want a good stock by coke .
This is one of the most all time talked about pennies I have ever seen . Alwys made some money on this one .
Posts: 388 | From: redlands | Registered: Jul 2006
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posted
Go Richard, don't let'em kick you around, hit in the pocket book where it hurts. -------------------------------------- Universal Express Sues Florida Landlord for Damages Over $1,400,000 Wednesday August 29, 10:19 am ET
NEW YORK, NY--(MARKET WIRE)--Aug 29, 2007 -- Universal Express Inc. (OTC BB:USXP.OB - News) today filed a lawsuit against one of its Florida landlords for loss of basic services, overcharging of maintenance expenses, damage to its corporate signage, loss of the sign's advertising benefits, believed overcharging of rentable square footage and failure to perform landlord responsibilities under the lease.
"This lawsuit is a direct result to an improperly written news article and hastily filed and then withdrawn landlord lawsuit. Our company, which has been regularly inconvenienced during the past year of landlord construction, had not missed its monthly rents for over 6 years of our lease. That one day landlord lawsuit was mean spirited and untruthful, but it was an attempt to ingratiate the landlord with interfering and meddling SEC agents," stated Richard A. Altomare, Chairman and CEO of Universal Express, Inc.
"The SEC overstepped once again its role by attempting to interfere with the Company's business activities, as it has many times in the past. The Company's whistle blower posture on the national scandal of naked shorting seems to be causing the SEC undo concern," stated Mr. Chris Gunderson, Universal Express General Counsel.
"Universal Express is involved in a historical Naked Short Selling constitutional legal issue against the SEC. Any further SEC corporate interference will be met rigorously and presented to the appellate court, as well as the United States Court of Claims," concluded Mr. Gunderson.
"Universal Express has not interfered in the hasty departures, early retirements and denials of the naked shorting scandal by SEC employees during our courageous stand against the SEC. The SEC has repeatedly attempted to interfere with acquisitions and the day to day operation of our Company. This recent tortuous interference with our landlord speaks volumes regarding the SEC's concerns at our obtaining our constitutionally guaranteed jury trial on naked shorting. Our immediate corporate efforts will concentrate on confronting the SEC's claims against our Company which are a smokescreen to the real issues of this case. We remain confident that an objective appellate court will allow the issue of naked short selling and the SEC's unchecked abuse of power to be tried by a Jury of American Citizens," concluded Mr. Altomare.
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: Contact:
Mark Falk Universal Express, Inc. 561-367-6177 Email Contact
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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Barnum & baily has nothing on this circus . And was it not the SEC that actually said naked shorting does not exist . LOL .... Bozos beyond words .
I called the SEC many times . They are retarded when it comes to stocks . To this day they refuse to do ANYTHING about " Raven Ripoff Moon " other then tell me ..... Yeah ... thats pretty bad what they do .
The SEC chose to have conversations with the landlord of USXP that seem obvious in nature .... Now the SEC has to deal with a senator from congress on SEC's stupid as hell statement of " naked shorts don't exist " .
The SEC is so angry , fustrated and pissed off at USXP and RA that they are making to many mistakes to get them .
Posts: 388 | From: redlands | Registered: Jul 2006
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posted
Universal Express Comments on SEC Chief Economist Removal Thursday August 30, 11:05 am ET
NEW YORK, NY--(MARKET WIRE)--Aug 30, 2007 -- Universal Express Inc. (OTC BB:USXP.OB - News) today commented on the "most recent" resignation or unplanned early retirement of yet another of the 6 SEC Senior Managers and Official members recently ordered off or retired from the Security and Exchange Executive Board.
"Obviously, someone has finally begun examining and acknowledging the naked short selling scandal. The SEC tactics and methods used to perpetuate this counterfeiting fraud are at the core of our abuse of power case to be submitted to the Appellate Court," stated Chris Gunderson, Universal Express General Counsel.
"Chester Spatt, the SEC Chief Economist and today's departee, had been responsible for a series of flawed studies justifying naked shorting in the public markets. His reports were allegedly deemed incompetent and filled with fundamental flaws since they lacked control groups. That means they didn't include companies publicly traded which were not permitted to be nakedly shorted," continued Mr. Gunderson.
"It's unfortunate that we couldn't have used the over 10,000 failed Bulletin Board companies and their hundreds of thousands of unemployed Americans and shareholders to serve as paid control groups. Their hungry families could have used a small percentage of the fees and fines previously earned by the SEC and the DTCC as they have allowed the counterfeiting of shares and then hid behind the economic opinions of today's removed economist. A regulatory agency that has failed to support that many companies needs more resignations, more overhaul, and more Congressional examination," stated Richard A. Altomare, Chairman and CEO of Universal Express, Inc.
"Universal Express continues to clearly present the critical issues facing the American trading system. Each one of these appointed and now removed SEC Board Members and Advisors will become solving pieces of the naked short selling puzzle. This economic scandal perpetuated on the trading public needs to be exposed and understood. Our company's soon to be mandated jury trial will crystallize the situation that the SEC has now attempted through these dismissals to either correct or cover up," stated Mr. Gunderson.
"Multiple resignations compiled with alleged ongoing Justice Department inquiries should add some very interesting testimony when our $700,000,000 USD existing judgments for naked short selling finally goes before a jury of American citizens," concluded Mr. Gunderson.
"In conclusion, I attach a chronological document recently submitted by our General Counsel highlighting our Company's tragic nine year abuse perpetuated by many of those SEC members asked to step down. Hopefully, our journey will be recognized exactly for what it has become -- a courageous one. We don't want to become Company 10,001. Company 10,001 refuses to cease functioning so that our short position does not have to be covered. Company 10,001 refuses to disappoint its shareholders and employees, and most importantly Company 10,001 has developed creative ideas and new industries which are needed in America."
"Read Mr. Gunderson's chronological history of our company's story and many may wonder why anyone remains on that regulatory board," concluded Mr. Altomare (http://www.usxp.com/recitation_of_facts.pdf).
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
Universal Express to File Stay in Appellate Court Tuesday September 4, 1:54 pm ET
NEW YORK, NY--(MARKET WIRE)--Sep 4, 2007 -- Universal Express Inc. (OTC BB:USXP.OB - News) Chairman and CEO, Richard A. Altomare, today said, "Universal Express' case against the SEC last Friday took another historic and remarkable twist. The same Judge who disregarded the Company's request for an initial jury trial to present the facts of this case, today decided, in direct contrast to the judicial rules that he would now even attempt to prevent the Company's Appellate review."
"I remain confident that I live in a country with a judicial system that permits its citizenry, especially those of us who have served in its armed forces, to be permitted to plead the merits of any legal issue before a jury of our peers," stated Mr. Altomare.
"This ramrodded legal debacle has simply been of a regulatory agency over-reacting to a civil interpretation of the bankruptcy code to silence a company which was awarded $700,000,000 for naked short selling. Attempting to silence the truth is quite different than trying to get to the bottom of that truth.
"Is the Judge concerned that Appellate Judges will overturn his summary pro-SEC ruling? Why is the Judge unnecessarily anxious to silence this Company? Has the Judge ever met anyone from this 23-year-old Company? Does the Court even understand the Company's businesses?
"Universal Express will file a stay in the Appellate Court, and will hold the actions of the Court responsible for any adverse reactions.
"The entire basis of this retaliatory case brought by the SEC was to silence the Company's historical Naked Short Selling constitutional legal issue, a documented cover-up by the SEC that has already destroyed over 10,000 small public companies.
"The unfortunate and capricious actions of the Judge indicate an almost 'movie-quality' need to silence the truth in this case. The actual legal merits of this case do not necessitate this draconian action. It will be the responsibility of a full hearing, not one misinformed appointee, to determine the future of our 23-year-old Company. Can therefore any American business be silenced without a requested hearing simply because that business may be entitled to governmental damages?
"Realistically how can an American businessman's first day in Court be the day he is ordered in for contempt? I'm sure there's the testimony day, the cross-examination day and the decision day. Obviously, Judge Lynch believes that might makes right, while this former Marine and founder of this Company still believes in 'due process' and democratic justice," stated Mr. Altomare
"A full judicial hearing will also be requested for the inappropriate actions of this Court," concluded Mr. Altomare.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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