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Universal Express, Inc. (USXP)
Postal Services for $7 Billion Private Postal Industry

 

Key Facts
Business: International service provider to expansive private postal industry
Listed: OTCBB
Symbol: USXP
Price at time of Profile (9/4/01): .138
Shares Out: 32 million shares
Approx. Float: 12 million shares
Market Cap: $2.8 million

 


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Highlights of Growth and Gains
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•   USXP’s International courier clients includes well known companies, HBO, Microsoft, Intel and Panasonic.

•   USXP’s revenues increased 216% for nine-month period ending May 31, 2000 above last year.

•   USXP’s Third Quarter Profitability increases 25% over third quarter 1999.

•   USXP’s Skynet Worldwide Miami sales exceed $1.3 mil and 35% gross profit.

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Market Strategy
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Universal Express has established the Postal Business Center Network (PBC Network.com), similar in theory to the successful FTD floral network. The Company provides quality postal products and network communication services in a $7 billion private postal industry with 20,000 franchise and privately owned operations and their customer base of over 300 customers per week for each location The Company complements various communication and support services to the US Postal Service, FedEx and UPS.

The competition of Universal Express, Inc. is non-existent in the fact that competitors do not offer the full breadth of services offered by the PBC Network. With such opportunities, the Company continuously positions itself as an industry leader for the promotion of growth in postal services, postal shipping outlet choices and residential pick-up capabilities for e-commerce national fulfillment contracts

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The Company
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Universal Express, Inc. is an integrated postal service conglomerate that operates courier, logistic and marketing services for its retail outlets in addition to providing a networking communications edge to other private postal service owners. The company employs up to 140 personnel.

The growing team of wholly owned subsidiaries, which include, Skynet Worldwide Express, PBC Network.com and Manhattan Concierge have most notably contributed to Universal Express, Inc.’s growing success. The Company continues to seek expanding this current postal service network via acquisitions and joint ventures with strategic partners.

The immediate and future value added services provided by Universal Express, Inc. and its subsidiaries include savings on international shipping, centralized billing, prepaid accounts, professional theme coordinated advertising programs, members network and health/dental insurance.

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Suitability
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•   U.S. Postal Service mail volume increased 40% from 1980 to 1996 despite growth in package delivery industry from United Parcel Service, Federal Express, American Airlines Cargo and others.

•   U.S. Postal Service branch stations decease from 30,326 to 26,210 between 1980 to 1996.

•    Current postal and package delivery industry is splintered lacking greater communications network to satisfy postal delivery growth and current consumers.

 

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Key Subsidiaries and Services
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WorldPost, a division of Universal Express, Inc. is the exclusive North American Territory Reseller of the SkyNet Worldwide Express Network. SkyNet Worldwide Express has been a leader in the International Shipping Industry for the past 25 years. SkyNet is presently the 5th largest Express Courier in the World, Servicing 230 Countries with over 320 worldwide affiliate stations. Currently, this Network delivers over 400,000 packages per month worldwide. SkyNet Worldwide Express of Miami, Florida is part of an international shipping network that specializes in corporate pricing discounts for its customers and currently possesses an annual revenue of $6 million. SkyNet has an excellent reputation in international shipping. The higher profile clients of SkyNet include HBO, Walt Disney, Panasonic and the Weather Channel to name a few.

PBC Network.com targets the $7 billion private postal industry with numerous services as a neighborhood business assistance center. These combine the traditional personalized service of the old style general store with the sophistication of digital technology. The PBC Network as provided on www.pbcnetwork.com cares about customer needs and is continuously upgrading service provisions. The PBC Network utilizes service vendors such as American Airlines, Alamo Rent-a Car and E-Stamp for their benefit of their respective members.

Luggage Express™ has identified a significant niche in the travel industry – the transportation of passenger’s luggage to and from airports. According to the Port Authority, the airports in the greater New York area (JFK, LaGuardia and Newark) processed 84 million passengers in 1997 (a number that is increasing yearly) with 148,680,000 items of check-in luggage (an average of 1.77 pieces per passenger).

Manhattan Concierge has become a profitable subsidiary specializing in international access for theatre, concerts, sporting, party planning, tours, restaurants and special events in the New York Metropolitan area. These events also include Broadway and non-Broadway productions. Travelers or residents interested in attending any respective functions may obtain ticketing via www.manhattanconcierge.com.

Other Immediate and Future Services Provisions offered by Universal Express and its wholly owned subsidiaries to association members include:

•    PBC Network health/dental insurance
•    PBC Network shipping insurance
•    Shipping hotline and tracking system
•    Affordable legal representation
•    Discount vehicle and equipment leases
•    Discount international courier rates (SkyNet)

 

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Management
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Richard Altomare, CEO and President of Universal Express, Inc. founded USXP in 1996. Mr. Altomare served as President and CEO of Amerivest Banking between 1988 and 1990. He is currently earning his Doctorate Degree from Oxford University having already earned a BA and MA. Mr. Altomare has previously been nominated for congressional office, owned professional sports teams and served in the United States Marine Corps. Mr. Altomare has over 20 years of "Turn-Around Corporate Experience" and served on numerous corporate boards.

Albert Hernandez serves as President of SkyNet Miami. Mr. Hernandez has over 33 years of experience in the international transportation community, including 19 years as Vice President of Choice Courier Systems, Inc. In 1988, he founded SkyNet Worldwide Courier Network where he served as President and CEO.

Mark Falk serves as Manager of the Postal Business Center Network. Mr. Falk possesses a strong background in corporate quality assurance. He previously provided MIS and communications service support to USXP and its subsidiaries.

Kemmy Cohen serves as Manager of Manhattan Concierge. Mr. Cohen has been a licensed ticket broker for twenty-five years. He previously owned and operated Front and Center that serves noteworthy clients such as Bear Stearns and Duane Reade.

Chris Gunderson is the company’s General Council for the past seven years. He previously served as Assistant General Council for Amstar Corporation (American Sugar). Prior to working with Amstar, Mr. Gunderson practiced at the private law firm of Thatcher Proffitt & Wood, which is today USXP’s corporate counsel.

Barbara Halpern serves as Vice President of Administration for USXP. She was previously employed as Regional Manager for NutriSystems and as National Sale Training Supervisor for Weight Watchers, Inc. Ms. Halpern runs the Human Resources Department of USXP.

 

Company Releases for Universal Express Inc.

10:30am 08/31/01
Universal Express' President & CEO Follow-up Appearance On Television Program of Emerging Company Report - BusinessWire

10:00am 08/31/01
Emerging Company Report: 250th Show Profiles Direct Marketing; Gold Success in a Low Price Market - PRNewswire

1:10pm 08/30/01
Universal Express to Join American Airlines, Canon Film -USA- and Anheuser Busch as Sponsors for Richard Dent/Venetian Resort Hotel and Casino Celebrity Golf Invitational - BusinessWire

11:19am 08/30/01
Universal Express, Inc. --USXP-- Announces New Corporate Web Site - BusinessWire

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