Universal Express, Inc. -USXP- To Change Its Name To
Universal Holdings, Inc.
NEW YORK--(BUSINESS WIRE)--Aug. 21, 2001--Universal Express, Inc. (OTC:USXP - news) today announced its intention to change its
name to Universal Holdings, Inc., effective Sept. 1, 2001.
``This new holding company will facilitate our future programs for acquisitions, financings and strategic alliances,'' said Richard A. Altomare,
Chairman of USXP.
Universal Holdings will be headquartered at offices in Rockefeller Center, N.Y.
A new operating subsidiary to be named ``Universal Express, Inc.'' will be based at administrative offices in Boca Raton, Fla. Other operating
subsidiaries in the private postal, logistics, shipping and transportation businesses will become subsidiaries and divisions of Universal Express, with
operating and administrative offices in Boca Raton and Centereach, N.Y.
Universal (USXP) operates several other subsidiaries in logistics (Luggage Express(TM)) and International shipping (WorldPost). Its association
of private postal stores (PBC) provides various support services and numerous other programs to its members.
Visit Universal Express and its subsidiaries on the web at 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 or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the
Securities and Exchange Commission. |
