OK just for clarity there was a release on the July 27thth for Skynet Miami ONLY wasn't there? I can't find it if someone can please paste. That one would not be past the 30 days. This one is, is the other one the same?
Packaging Plus Services Announces Letter of Intent to Purchase SKYNET WORLDWIDE EXPRESS
PLAINVIEW, N.Y.--(BUSINESS WIRE)--June 29, 1998--Packaging Plus Services Inc. (OTC BB:PKGP - news) announced today it had signed a Letter of Intent to purchase SKYWORLD INTERNATIONAL COURIER, d/b/a/ SKYNET WORLDWIDE EXPRESS, of Miami, Florida and its related companies (''SKYNET MIAMI'').
SKYNET MIAMI is part of an international shipping network specializing in corporate discount pricing to its customers; it currently has annual revenues in excess of $8,000,000.
Nick DeLeone, president of PKGP's subsidiary, THE ASSOCIATION OF PACKAGERS AND CARRIERS (APAC) stated: ''We have created a private postal association and enhanced it with items such as custom corrugated services and shipping. Private postal stores have never had their own International Shipping service. Now, with the proposed addition of SKYNET MIAMI, APAC members can receive the greatest discount through our own provider.'' DeLeone concluded, ''With an estimated volume of $700 million of International Shipping currently generated through the private postal stores, our discount rates should help generate noticeable market share penetration. APAC is continually expanding profitable opportunities for its members which will further assure its position as a serious contender in the vast postal and shipping industry as we head into the 21st Century.''
''We are very proud to have signed a Letter of Intent to acquire SKYNET MIAMI with its excellent reputation in International Shipping. Not only will it add yet another level of service to our APAC subsidiary, it reflects our long-term strategy for growth under our new corporate identity, UNIVERSAL EXPRESS,'' stated Richard A. Altomare, chairman of the Board and CEO.
PKGP owns and operates several subsidiaries in the packaging and shipping businesses including THE ASSOCIATION OF PACKAGERS AND CARRIERS (APAC), a nationwide association of independent postal/business service centers. The Association provides access to business services and logistically convenient and cost effective delivery of goods worldwide. PKGP's other subsidiaries are engaged in corrugated container manufacturing, advertising and other support services for APAC.
The company previously announced it will officially change its name to UNIVERSAL EXPRESS INC. and its stock will trade under the Symbol USXP beginning June 30, 1998.
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Contact:
Barbara Halpern, 516/349-1300
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To: +FP. (1904 )
From: +BBennett (Trial Member) Wednesday, Jul 29 1998 5:28PM ET
Reply # of 1940
While I was looking for the post on SI about the shares being sold in the last half hour I came upon post #32 by ZByte which states the phone number for Skynet Miami so I decided to call the number. Here's what happened.........
Receptionist: Hello,Skynet
Me: May I speak to someone regarding mergers and acquisitions?
Receptionist: Purchases and acquisitions?
Me: No, Mergers and acquisitions.
Receptionist:Hold please
(At this point I'm thinking that the dead end is in sight)
Person:Hello, this is Gabriella how may I help you.
Me: Hello, Gabriella my name is Brian B and I am calling from New Jersey in reference to a press release that my agency has come into possession of. This press release states that Skynet Miami is presently in negotiations to be purchased or enter into a reverse merger with Universal Express in New York, is this a fact based release?
Gabriella: The only thing I know about that is that we signed a letter of intent with Universal Express on Friday the 27 of July.
Me: Is it safe to say that the two companies are presently in negotiations at this point
Gabriella: yes they definitely are
Me: Thank you for your time Gabriella
This post is also a fact based document please feel free to verify. I do not know if this deal will ever be complete but it makes me feel better that the other company is actually aware of the acquisition.
Good Luck
Brian
Anyone have that release?
TIA
FP |
