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Microcap & Penny Stocks : Emerging Company Report TV Program

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To: dbmedia who wrote (367)	8/22/2001 10:12:22 AM
From: dbmedia	Read Replies (1) of 526

Universal Express, Inc. -USXP- Pays-off Previous Debt NEW YORK--(BUSINESS WIRE)--Aug. 22, 2001--Universal Express, Inc. (OTC:USXP - news) today announced that it has paid-off all of its previous debt and commitments, in excess of $1,300,000. ``The elimination of our debt enhances shareholder value and allows us room for substantial growth both in our Company and in our stock valuation,'' said Richard A Altomare, Chairman of USXP. 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.

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