Universal Express ''Blackouts'' Judgment Discussion
NEW YORK, May 12, 2005 (BUSINESS WIRE) -- Universal Express, Inc. (OTCBB: USXP) at the request of the company's counsel, has now entered into a "blackout period" on any press information regarding collection efforts on its judgment against specific naked short sellers. Those efforts have been ongoing since the July 2001 judgment was entered by the Florida court.
"I must respect their advices. Deciding today that collection efforts require a 'blackout' period is, in the long run, the professional's decision. I will honor their request for the next ninety days unless it is lifted sooner," said Mr. Richard A. Altomare, Chairman & CEO of Universal Express.
About Universal Express
Universal Express, Inc. is a 22 year old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please 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
SOURCE: Universal Express, Inc.
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