Universal Express (920232) STRONG BUY!
Universal Express Sells Capital Subsidiary
NEW YORK, NY – October 28, 2004 - Universal Express Inc. (OTCBB: USXP), today sold 75% of Universal Express Capital Corp. its former subsidiary, to Capitalliance, a $350,000,000 insurance and funding operation. USXP will retain 10% of the shares of the new Company and 15% of the shares of the Company will be distributed to USXP shareholders.
After the new Universal Express Capital is approved as a public entity, shareholders of USXP will be notified of the distributions of shares to them.
In addition, the new Universal Express Capital run by Capitalliance will now serve as a lead funding source for future USXP acquisitions and investments.
“Most importantly, USXP will receive a preferred lending rate and Capitalliance is initially capitalizing Universal Express Capital with $22,500,000 of assets. Capitalliance receives and develops an active trading company, USXP receives a funding partner and 10% of a $22,500,000 capitalized company with bonding relationships worldwide. Our shareholders will receive stock distributions of Universal Express Capital and, in addition we have received from Capitalliance a funding lead commitment of $22,000,000 for Alpine Airlines financing and $225,000,000 for our Equipment Trust Certificates Program,” said Richard A. Altomare, Chairman & CEO of Universal Express.
About Universal Express
Universal Express, Inc. owns and operates several subsidiaries including Universal Express Capital Corp., (including its USXP Cash Express division) Universal Express Logistics, Inc. (including Virtual Bellhop, LLC and Luggage Express), and the UniversalPost Network. These subsidiaries and divisions provide the private postal industry and consumers with value-added services and products, logistical services, equipment leasing, and cost-effective delivery of goods worldwide.
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.
Media Contact:
Glen Calder
TransMedia Group
(561) 750-9800
mfg kram
ps:neddes + so far;)
"Kaum haben sie ein Erdbeben überstanden, schon rennen sie ins nächste Epizentrum."
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Wertpapier: UNIVERSAL EXPRESS INC |
High
0.203
sah dennoch funny aus,kursplus von ueber 1.1k%*g*
kram
ps:da waer ich ja satt im geld gewesen;D
Bei den Berliner HotStocks waren Werte gefragt, die zum Teil schon gestern im Blickpunkt standen. Zu erwähnen sind Universal Comm. Systems (WKN: 917 633). Bereits im Frühjahr 2004 hatte es Einschätzungen und Berichte zu diesem Unternehmen gegeben. Darin hieß es u. a, dass Universal Comm. System eine Holding ist, die mit jeweils 100 % an den Unternehmen Airwater Corp. sowie Millenium Electric beteilgt ist. Airwater hat Geräte entwickelt, die Wasser aus der Luft gewinnen, ohne die Umwelt zu belasten. Nach der Gewinnung des Wassers wird es automatisch gefiltert und gereinigt. Bereits gestern berichteten wir darüber, dass es auf dem Parkett hieß, dass Airwater Corp. 20 Wasseraufbereitungsanlagen nach Sri Lanka liefern soll. Der Kurs von Universal Comm. Systems zog heute auf 0,06 Euro (nach 0,052 Euro) an.
schau mal die letzten monate der aktie an, immer das gleiche bild. die aktie versucht auszubrechen und alle die zu 0,01XXX eingekauft verkaufen mit 50-100% gewinn. Setzten womöglich gleich wieder einen BUY auf 0,010 Dollar und dann geht das selbe spiel nach 4-8 wochen von vorne los. es ist nur für die leute bescheiden die nicht bei 0,01XX kaufen... ;o)
so long...
jm
wer das wohl sein kann & was für interessen dahinter stecken??
was soll dahinter stecken? gar nichts - ist eine zockeraktie eben...
jm
"First, the spin-off and funding of USXP Capital has not yet occurred, no formal documents have been filed by Capitalliance with the proper regulatory agencies and our shareholders deserve more professional treatment," said Mr. Richard A. Altomare, Chairman & CEO of Universal Express.
"Second, despite having issued almost 300,000,000 legended and restricted shares, which could be cancelled at any time for failure to perform, Universal Express and its subsidiaries have yet to receive one cent of the five million dollars of insurance credits contracted." Those shares have now been cancelled and returned to Treasury.
"Finally, the $1,500,000 bond offered by Capitalliance has not been approved for the funding and development of Universal Jet or any other source," continued Mr. Altomare.
"Universal Express has previously given Capitalliance adequate notice to substantially progress or to complete their contractual obligations, and it has failed to perform these obligations," said Mr. Chris Gunderson, General Counsel.
"These original contracts were signed and co-announced in October of 2004. It's now approaching March 2005 and we simply can't continue to wait. We may also exercise other options available to us," concluded Richard A. Altomare.