Universal Express (920232) STRONG BUY!
New York, Mar 29, 2004 (M2 PRESSWIRE via COMTEX) -- AXcess News (www.axcessnews.com) Universal Express, Inc. (OTCBB: USXP) was not pleased to be receiving subpoenas from the SEC. Imagine how angry the Company must be now that the SEC has charged it with spreading false information as part of a stock scheme.
The Company has been at the center of a broiling controversy involving claims of naked short selling of shares of obscure over-the-counter companies.
Universal Express claims it has been victimized by these short sellers. The SEC says otherwise.
Universal Express, which provides private postal and delivery services, is reported to have filed a lawsuit against the SEC in a Florida federal court, claiming that it was being harassed by the Commission in connection with an investigation into claims that the Company had been victimized by illegal naked short selling. The Company maintains that the SEC "spooked" potential investors and business partners by issuing a series of investigative subpoenas.
Universal has sought and maintained a high profile by issuing dozens of press releases, announcing new ventures including a now-aborted plan to acquire North American Airlines. At the time it declared its plan to acquire the airline .
Go to AXcess News to read the rest of the story: http://www.axcessnews.com
THURSDAY , APRIL 01, 2004 08:30 AM
NEW YORK, Apr 1, 2004 /PRNewswire-FirstCall via COMTEX/ -- Universal Express, Inc. (OTC Bulletin Board: USXP) President & CEO, Richard A. Altomare, stated, "It's a classic David vs. Goliath case. We have respectfully waited without response from the SEC to the lawsuit we first filed against it for unconstitutional abuse of the powers given to it by Congress. In the meantime, the SEC resorts to negative publicity by attacking us in the press, rather than using the federal court system to determine the merits of our complaints. It also resorts to the highly unusual, if not improper, action of filing its own lawsuit against us in New York, rather than in the same federal court where we filed our lawsuit first.
"The SEC's accusations against our Company, its Chairman, its General Counsel, and numerous outside consultants that courageously helped to build this fine Company during naked short selling attacks, are unfounded. The SEC seems intent on maligning the messengers and assisting the naked short sellers by creating negative press on our Company more than defending against our accusations filed in the Miami federal court.
"This case will be heard in a courtroom, not in the media. Unlike the SEC, Universal Express has not inappropriately resorted to news releases detailing our complaints of rogue agent interference, collusion, SEC improper behavior and unconstitutional conduct, nor will we. We will keep faith with our judicial system and prove the misconduct in our lawsuit, rather than pontificate to the press.
"When we filed the initial lawsuit, USXP had presented over 50 formal quarterly and annual reports, and hundreds of press releases without review, question or comment by the SEC. We went without even a letter of reprimand or phone call for 14 years. We ask the public and our supporters: don't you think it untoward that, only days after our lawsuit against the SEC is filed and made public, USXP was accused retroactively for press releases, fundings and quarterly contents, and whatever else the SEC hopes will deter others from questioning its unregulated authority and joining in on our fight to outlaw and ban the naked short selling of publicly traded stocks?
"We stand behind our lawsuit. Despite the SEC's inappropriate accusations, improper behavior and inappropriate and unfounded response against one of the smaller developing public companies, we will wait until the case is heard," Mr. Altomare added. "According to the SEC, billions of shares of this company's stock have traded. If that trading happened because of one or more press releases or funding, as the SEC alleges, where are the certificates, we rhetorically ask," posed Mr. Altomare. "When all is said and done and all of the SEC documents to be produced are disclosed, the truth, not character attacks, will be told.
"Seemingly undefeatable adversaries are often defeated by their own actions. Our trading system relies on the professionalism and consistent objectivity of its regulators. When did our regulators become participants in the scandalous process of naked short selling by endeavoring to intimidate its critics by resorting to verbal hostility, unfair utilization of the press and invoking fear?
"Universal Express is a popular and innovative developing company that would have benefited from the on-going regulatory guidance of the Security and Exchange Commission during our growth. Whenever we called the SEC for assistance against naked short sellers, we were ignored. After our two consecutive successes in court against naked short selling schemes tied to other fraudulent conduct -- totaling over $526,000,000 -- we became an SEC target. All the SEC power and legal strength will not drown out the overdue voices of American shareholders and developing companies, trying to create American jobs, while being hurt by a regulatory trading system that is not protecting its developing companies. This time, a court of law will hear words of those victimized by the scandalous schemes and the even more scandalous ignoring of those schemes by the SEC. That's the case. Plain and simple," concluded, Richard A. Altomare.
About Universal Express
Universal Express, Inc. owns and operates several subsidiaries, including Universal Express Capital Corp. (USXP Cash Express & Leasing Division), Universal Express Logistics (Luggage Express and the Virtual Bellhop), and SCI, our courier industry insurance company. These subsidiaries and divisions provide the private postal industry, customers, and couriers with value-added services and products, logistical services, equipment leasing, and cost-effective delivery of goods and luggage worldwide. For more information 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.
CONTACT: Glen Calder, +1-561-750-9800, ext. 16, for Universal Express
URL: http://www.usxp.com
http://www.prnewswire.com
möge die macht mit euch sein, tafkar
Optionen
| Boardmail an "tafkar" |
Wertpapier: UNIVERSAL EXPRESS INC |
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Thursday April 1, 8:30 am ET
NEW YORK, April 1 /PRNewswire-FirstCall/ -- Universal Express, Inc. (OTC Bulletin Board: USXP - News) President & CEO, Richard A. Altomare, stated, "It's a classic David vs. Goliath case. We have respectfully waited without response from the SEC to the lawsuit we first filed against it for unconstitutional abuse of the powers given to it by Congress. In the meantime, the SEC resorts to negative publicity by attacking us in the press, rather than using the federal court system to determine the merits of our complaints. It also resorts to the highly unusual, if not improper, action of filing its own lawsuit against us in New York, rather than in the same federal court where we filed our lawsuit first.
ADVERTISEMENT
"The SEC's accusations against our Company, its Chairman, its General Counsel, and numerous outside consultants that courageously helped to build this fine Company during naked short selling attacks, are unfounded. The SEC seems intent on maligning the messengers and assisting the naked short sellers by creating negative press on our Company more than defending against our accusations filed in the Miami federal court.
"This case will be heard in a courtroom, not in the media. Unlike the SEC, Universal Express has not inappropriately resorted to news releases detailing our complaints of rogue agent interference, collusion, SEC improper behavior and unconstitutional conduct, nor will we. We will keep faith with our judicial system and prove the misconduct in our lawsuit, rather than pontificate to the press.
"When we filed the initial lawsuit, USXP had presented over 50 formal quarterly and annual reports, and hundreds of press releases without review, question or comment by the SEC. We went without even a letter of reprimand or phone call for 14 years. We ask the public and our supporters: don't you think it untoward that, only days after our lawsuit against the SEC is filed and made public, USXP was accused retroactively for press releases, fundings and quarterly contents, and whatever else the SEC hopes will deter others from questioning its unregulated authority and joining in on our fight to outlaw and ban the naked short selling of publicly traded stocks?
"We stand behind our lawsuit. Despite the SEC's inappropriate accusations, improper behavior and inappropriate and unfounded response against one of the smaller developing public companies, we will wait until the case is heard," Mr. Altomare added. "According to the SEC, billions of shares of this company's stock have traded. If that trading happened because of one or more press releases or funding, as the SEC alleges, where are the certificates, we rhetorically ask," posed Mr. Altomare. "When all is said and done and all of the SEC documents to be produced are disclosed, the truth, not character attacks, will be told.
"Seemingly undefeatable adversaries are often defeated by their own actions. Our trading system relies on the professionalism and consistent objectivity of its regulators. When did our regulators become participants in the scandalous process of naked short selling by endeavoring to intimidate its critics by resorting to verbal hostility, unfair utilization of the press and invoking fear?
"Universal Express is a popular and innovative developing company that would have benefited from the on-going regulatory guidance of the Security and Exchange Commission during our growth. Whenever we called the SEC for assistance against naked short sellers, we were ignored. After our two consecutive successes in court against naked short selling schemes tied to other fraudulent conduct -- totaling over $526,000,000 -- we became an SEC target. All the SEC power and legal strength will not drown out the overdue voices of American shareholders and developing companies, trying to create American jobs, while being hurt by a regulatory trading system that is not protecting its developing companies. This time, a court of law will hear words of those victimized by the scandalous schemes and the even more scandalous ignoring of those schemes by the SEC. That's the case. Plain and simple," concluded, Richard A. Altomare.
About Universal Express
Universal Express, Inc. owns and operates several subsidiaries, including Universal Express Capital Corp. (USXP Cash Express & Leasing Division), Universal Express Logistics (Luggage Express and the Virtual Bellhop), and SCI, our courier industry insurance company. These subsidiaries and divisions provide the private postal industry, customers, and couriers with value-added services and products, logistical services, equipment leasing, and cost-effective delivery of goods and luggage worldwide. For more information 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.
Kurs in USA 12:12 0,0315
Gruß: peter
UNIVERSAL EXPRES (OTC BB:USXP.OB) Quote data by Reuters
Last Trade: 0.033
Trade Time: 3:27PM ET
Change: 0.0055 (20.00%)
Prev Close: 0.0275
Open: 0.0295
Bid: 0.031 x 5000
Ask: 0.033 x 5000
1y Target Est: N/A
Day's Range: 0.021 - 0.034
52wk Range: 0.0067 - 0.131
Volume: 14,546,438
Avg Vol (3m): 8,647,545
Market Cap: 18.26M
P/E (ttm): N/A
EPS (ttm): -0.016
Div & Yield: N/A (N/A)
Friday April 2, 10:00 am ET
LOS ANGELES, CA--(MARKET WIRE)--Apr 2, 2004 -- MoneyTV is the nationally syndicated television program all about money and what makes it happen, (http://www.moneytv.net), featuring informative interviews with CEOs, insights into their operations and outlooks for their futures.
Free information packages from the featured companies can be requested by sending an email to info@moneytv.net.
The television program can also be viewed online immediately at www.moneytv.net.
Featured companies on this week's show include:
Global Prospecting Ventures, Inc. (Other OTC:GPVI.PK - News) Director Judy Tayler said that Canada accounts for 15% of the world's diamond production and detailed the company's Canadian diamond properties.
PracticeXpert, Inc. (OTC BB:PXPT.OB - News) CFO Michael Manahan announced a recent acquisition in Texas and outlined the company's "growth by acquisition" strategy.
Universal Express, Inc., (OTC BB:USXP.OB - News), CEO Richard Altomare answered charges recently brought against the company by the SEC.
Stockdiagnostics.com Director of Research Michael Markowski explained the positive outlook his company has for Looksmart (LOOK).
Longbow Mining, Inc. (OTC BB:LBWM.OB - News) PR representative Matt Lothian spoke of the company's growth into China and its profitability.
Friday April 2, 3:30 pm ET
NEW YORK--(BUSINESS WIRE)--April 2, 2004--Universal Express, Inc. (OTCBB:USXP - News), today announced the selling of Bags To Go, its airport luggage subsidiary back to the former ownership to reduce long-term debt of $3,200,000 and enhance corporate cash flow through payments.
"Most importantly, our Luggage Express delivery service will continue to still strategically be offered as a service through Bags To Go. This decision also reduces our long-term debt and enables us to concentrate our time and assets on our more profitable and potentially larger growing core business companies and continued acquisition targets."
"We leave the door open to re-visit additional airport programs or locations with Bags To Go should those opportunities become a viable joint economic opportunity in the future," said, Richard A. Altomare, President & CEO.
"Bags To Go and Universal Express looks forward to many years of joint luggage business," concluded Mr. Altomare.
Was meint Ihr dazu?
http://www.sec.gov/litigation/complaints/comp18636.htm
oder
http://ragingbull.lycos.com/mboard/boards.cgi?board=USXP&read=406265
Smoky
Im Juni 2000 hatten sie 19 Millione Aktien,Ende 2003 hatten sie 650 Millionen Aktien,in Verletzung der Vorschriften gabe sie immer wieder neue Aktien gegen Geld an die Widerverkäufer aus und Gunderson bereitete die gefälschten Dokumente vor,um den Character der Transactione zu verschleiern.Weder die Ausgabe der Aktien noch die anschliessende Verteilung wurden bei der SEC angemeldet.....
ich denke die gehören alle in den Knast!
ist deine Wohnung von außen verschlossen ?
das machen alle kleinen , nur manche werden erwischt .
Gruß
leo
Wenn RA und seine Familie und Partner 500 Mios Shares unter die Leute gebracht haben und diese nicht bekannt gegeben haben und ein Freafloat von 650 Mios Shares besteht...dann sag mir doch mal bitteschön wo sind denn diese 500 Mios Shares?
Siehste, das kannst du nicht beantworten, auch nicht die SEC, und diese Behörde hat sich mit dieser Gegenklage sehr weit aus dem Fenster gelehnt und wird aus diesem fallen, wenn es vor den Oberstaatsanwalt der US geht, glaub es oder glaub es nicht.
Auf jeden Fall solltest du dich beim nächsten Posting besser vorbereiten bevor du so eine gequirlte Kacke von dir gibst...
natürlich all imo
greetz Jovi
Aber das wird dich nicht abhalten,hier zu versuchen sie zu pushen,ich weiss....
(aus dem Artikel bei der SEC: This matter involves violations by VDMS of its basic obligation to serve public customer orders over its own proprietary interests. As a specialist firm on the NYSE, VDMS had a general duty to match executable public customer or "agency" buy and sell orders and not to fill customer orders through trades from the firm's own account when those customer orders could be matched with other customer orders. Through various forms of improper conduct, VDMS violated this obligation by filling orders through proprietary trades rather than through other customer orders, thereby causing customer orders to be disadvantaged by approximately $34.9 million from 1999 through 2003.)
Mein Eindruck ist, dass die Vorwürfe der SEC gegen Universal überhaupt nicht identisch sind mit naked shorting und was USXP hier abzieht ist ein Ablenkungsmanöver,denn wenn da nur die Hälfte stimmt ,fliegen sie mit Sicherheit aus dem OTC BB
zum ersten: dir Firma heißt USXP und nicht USCX (oh wie peinlich)
zum zweiten: warum die Übernahme von NAA nicht vollzogen wurde werden die Richter klären und nicht du oder deine ach so schönen Interpretationen
zum dritten: ich meine ich bin der einglischen und vor allem der"Beamten- und Rechtssprache" mächtig (du anscheinend nicht)
Es wurden Firmen wegen zu heissem Kaffee verurteilt aber so etwas kann natürlich eine so hoch versierte Person wie du nicht wissen, du beschränkst dein Börsenleben lieber auf kopieren und Dummlaber....
Versuch doch erstmal ordentlich mit jemanden zu reden und ..bitte.. bereite dich besser vor, sonst hat es keinen Sinn meine Zeit mit dir zu veschwenden!
Gruß
Jovi
PS: an deinem Posting 1938 kann ich die Uhrzeit entschuldigen und den wahrscheinlichen Alco-Blutgehalt....
auf good Trades..
Es freut mich das du unsere kleine Firma mit den Grossen vergleichst..echt lustig (und zeugt von deiner Unwissenheit)
es tut mir leid aber der Verdacht verdichtet sich das du keinen blassen Schimmer hast worum es geht!
Und wenn du schon wusstest das der Deal mit NAA ein Fake war, dann hast du bestimmt viel viel Geld in USA mit USXP verdient indem du geshortet hast, oh sorry, falls du überhaupt weißt was das ist aber so eine tolle Börsenpersönlichtkiet weiß das natürlich......
According to the SEC lawsuit filed in New York, Universal Express concealed a deal in which it provided stock at hefty discounts to resellers who sold it at market prices.
Universal Express identified the resellers as consultants paid in stock, but only registered 50 million shares, not 500 million, the SEC said. It charged the company's in-house lawyer, Chris Gunderson, of Queens, N.Y., produced bogus documents to disguise the alleged scheme. The resellers, including a New York race car driver and an investment advisory firm employee, also were charged.
Universal Express had 650 million shares outstanding by the end of 2003, up from about 19 million before the alleged scheme began, according to the SEC. Resellers paid about $9 million to Universal from April 2001 through 2003, and Altomare diverted about $1 million into his personal accounts, the SEC claimed.
In addition, "the company issued a series of false and misleading press releases," said Katherine Addleman, assistant regional director of enforcement at the SEC's Denver office, which brought the lawsuit. She said the company vastly inflated claims to have an extensive private postal network of up to 9, 000 members.
The SEC also cited an April 2003, deal with Coach USA, saying Universal Express announced it even though Coach USA hadn't committed to it. Universal Express stock nearly tripled on the report and three of its resellers sold about 18 million shares, the SEC said.
A deal with North American Airlines, which Universal announced last October, also prompted resellers to sell as the stock price rose, the SEC claimed. It said the release was misleading.
A preliminary hearing is set for April 5.
Allenfalls könnte RA als CEO abdanken müssen aber das ändert nichts an der Firma USXP und deren zu erwartende Umsätze (mind 40 Mios im Quater).
Zum anderen könnte mittlerweile ein neuer CEO neuen Wind und neue Erträge ins Haus bringen und die Firma USXP wieder im richtigen Licht erscheinen lassen.
cost investors billions, the American public demanded action.
Congress responded with the Sarbanes Oxley bill which,
among its numerous provisions, imposed criminal liabilities
on corporate officers who file false financial statements.
Sarbanes-Oxley also holds chief executives and chief financial officers directly responsible for the accuracy of financial statements. Penalties run up to $5 million in fines, a 20-year jail term or both. The law seeks to rule out conflicts that would make securities analysts less than objective and gives board audit committees--rather than CEOs or chief financial officers--full control of auditors.
kein Wunder,dass Altomare sich so windet (more balls than brains schrieb jemand bei siliconinvestor dazu)
Schuster bleib bei deinen Leisten , nicht die Vorgehensweise bei einer Aktie um die 10 Dollar in eine Aktie wie diese kopieren um den Kursverlauf zu prognostizieren !!
hier gelten ganz andere Gesetze bezüglich der Kursentwicklung - aber muß ich dir das erklären ?
Das hab ich dir aber schon zich mal gesagt , das geht nicht !
Gruß
leo