"Try this as a pilot program in a few airports in the country. Then I think you'd find many saying, 'OK, I'll ship it ahead.' Actually, it's good for a lot of jobs through the Postal Service, FedEx or UPS or others. And when one looks at the amount of money, and the time and cost of checking luggage, that's a big cost in your airline flight and obviously a lot of security at the airport," stated Virginia Senator George Allen. The plan could save the government $1.4 billion in baggage screening costs and up to $6 billion in labor costs, while generating billions of dollars in new revenue for the freight industry overall and potentially a few hundred thousand new jobs."
THE KONLIN LETTER
5 Water Rd., Rocky Point, NY 11778.
Monthly, 1 year, $95.
Universal Express, Inc. continues
very aggressive acquisition program
Konrad Kuhn: "Recommended in July and once again as the SOM in November, Universal Express, Inc. (OTC BB: USXP, $0.65) owns and operates several subsidiaries, including Universal Express Capital, Universal Express Logistics (including Virtual BellHop, WorldPost, and Luggage Express) and the Private Postal Network. These subsidiaries provide the private postal industry and consumers with value-added services and products, logistical services, equipment leasing and cost-effective delivery of goods worldwide. USXP recently acquired a portfolio of seasoned and performing commercial lease receivables valued in excess of $3 million gross with servicing provided by one of the top 50 banks in the U.S. USXP now has in place a foundation for booking transactions with leading national banks. The company will be able to book these transactions in the future as an asset, which will strengthen the balance sheet and improve operating cash flow, giving them access to potential customers for future lease/financing volume.
USXP also announced that its subsidiary, The Virtual Bellhop, a pioneer in baggage-free travel through sophisticated baggage movement systems and software that arranges to pick-up luggage and any bags that can be checked onto a flight and delivered to its end destination or port, expanded its luggage free travel services to the cruise industry. Crystal Cruises (parent company NYK of Japan - the largest shipping company in the world), a multiple award winner for the "World's Best Large Ship Cruise Line," includes the only Caesars Palace at Sea casino afloat and the popular Computer University@Sea, offering 24-hour Internet access. No matter where in the world the cruise begins, the Virtual Bellhop service will pick up luggage for those leaving on cruises and deliver it directly to the ship. In addition, USXP acquired the successful and profitable BagsToGo, Inc. (anticipates $4 million in annual revenues), a diversified logistics provider in South Florida that also provides lost luggage delivery services for major airlines and has experience dealing with the intricacies of security concerns by the Transportation Security Administration and the logistical concerns of airport operations, which strengthens and greatly complements USXP's (Luggage Express - after a decade of experience they have not lost any baggage, not a single bag!) luggage delivery business that advocates going to the airport carrying nothing.
"Isn't there a better way?" As Congressman John Mica (R-FL) Chmn. Of the House Subcommittee on Aviation muses does "TSA" (Transportation Security Agency) really stand for "thousands standing around?" Chmn/CEO Richard Altomare shows true entrepreneurialship when he proposes revolutionizing how airline baggage is handled and shipped. He is lobbying congressmen to make the change by separating airline passengers and their luggage, enabling passengers to affordably ship their luggage and bags ahead of time to their final destination, as one way to cut down on the threat of terror in the skies. "Try this as a pilot program in a few airports in the country. Then I think you'd find many saying, 'OK, I'll ship it ahead.' Actually, it's good for a lot of jobs through the Postal Service, FedEx or UPS or others. And when one looks at the amount of money, and the time and cost of checking luggage, that's a big cost in your airline flight and obviously a lot of security at the airport," stated Virginia Senator George Allen. The plan could save the government $1.4 billion in baggage screening costs and up to $6 billion in labor costs, while generating billions of dollars in new revenue for the freight industry overall and potentially a few hundred thousand new jobs.
Recently, subsidiary Universal Cash Express entered into a strategic partnership agreement with Blackstone, a pioneer and leading provider of electronic prepaid products and services. Universal Cash Express products have an excellent reputation in the marketplace and will be offered through thousands of points of presence that Blackstone has in place with retail merchants worldwide. Additionally, USXP will introduce co-branded Blackstone terminals to thousands of private postal stores within the Universal Express WorldPost network of merchants, with products offered from the terminals, which will include a floral gift card from a major floral association and the Universal Express Platinum Prepaid MasterCard/Debit Card program.
USXP continues its very aggressive acquisition program (one agreement could increase '04 revenues to approx. $200 million) and is in ongoing negotiations with two air courier services and also a strategic acquisition that could double the size of newly acquired SCI (anticipates $160 million in revenue). USXP is making headway in tracing of funds with regard to the $500+ million judgment and other assets. Meanwhile, the stock after hitting .13 for 300%+ gains has since pulled back into strong support in the .065 area where it is establishing a new base to launch its next up-leg from. Our targets remain the same and once the stock closes above .13 and starts to chew up resistance at the .16 level we can expect a run to the .27 area. From there we could see an explosive upsurge to .65 or better.
Since the stock had an explosive upsurge through its five-year downtrend line last year, the shorts were screaming that it was just a short-term aberration. With strong entrepreneurial leadership and an aggressive strategic acquisition program, you can understand the comment we made in our last report that instead of betting on the horse at the racetrack we will bet on the jockey. The shorts are having a rough time, and if we are correct, they will be totally defeated."
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