USXP.016 news earlier.Universal Express Announces Partnership with IBM Southeast Employees' Federal Credit Union
Tuesday June 22, 11:05 am ET
NEW YORK--(BUSINESS WIRE)--June 22, 2004--Universal Express, Inc. (OTCBB:USXP - News), announced its subsidiary UniversalPost, is now offering the benefit of Credit Union Membership to its postal member stores. Member store employees, as well as immediate family members are eligible to join the IBM Southeast Employees Federal Credit Union (EFCU) with this partnership program.
Established in 1969, IBM Southeast EFCU is one of the nations largest Credit Unions with $600 million in assets and 60,000 members across the country.
"Credit Union Membership adds new value to the benefit packages already in place from UniversalPost. Stores can take full advantage of banking and financial products and services offered through IBM Southeast (EFCU) online program, accessible 24/7. It is as much a priority for us to offer our member stores group benefits as it is to introduce them to revenue producing programs. We want to save them money as much as help them make money," said Linda Jacobucci, newly appointed President of UniversalPost.
"IBM Southeast EFCU is excited to partner with UniversalPost. Their member stores will benefit from the value, accessibility, products and services, REWARDS program and unique personalized service that only IBM Southeast EFCU can offer", states Marilyn Joyce, Member Development Director, IBM Southeast EFCU.
"Our leasing division is prepared to work directly with member stores to assist them in obtaining loans for vehicles and business equipment. A 4 billion dollar industry attracts our interest" said Michael Buccellato, President of Universal Express Capital Corp.
"The management of our private postal trade association continues to search and work for programs and services that may better strengthen this essential but fragmented industry of over 10,000 retail locations. Affording them a 35 year old additional credit facility adds even more value to UniversalPost members and financial opportunities for all involved," concluded, Richard A. Altomare, Chairman & CEO of Universal Express, Inc.
About Universal Express
Universal Express, Inc. owns and operates several subsidiaries including Universal Express Capital Corp. (USXP Cash Express & Leasing Division), and Universal Express Logistics (Luggage Express and the Virtual Bellhop). These subsidiaries and divisions provide the private postal industry, (Universal Post) 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. |
