Press Release from this afternoon..
Looks pretty good. I think this should fit in quite nicely...very nicely!
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Friday March 19, 12:42 pm Eastern Time
Company Press Release
Universal Express Inc. to Access Internet Advisory Corporation's World Class Technology
PLAINVIEW, N.Y.--(BUSINESS WIRE)--March 19, 1999--Universal Express, Inc. (OTC BB:USXP) and The Internet Advisory Corp. (OTC BB:PUNK) have formed an alliance to begin offering a total Internet service package, and the sharing of valuable Internet technology, for the benefit of Universal Express's 7000+ member APAC network. This unique technology will allow Universal Express (USXP) the means to greatly enhance the electronic commerce capability of their APAC stores in promoting and expanding communications service for their customers. Currently, the 7000+ APAC stores are doing annualized sales of approximately $2.5 billion.
Richard Altomare, President and CEO of USXP, commented, ''PUNK's Internet system, especially their e-commerce service, is extremely sophisticated and will allow our members access to major growth possibilities that had previously not been available to them. PUNK will make even our most remote member location a state-of-the-art center with regard to Internet communications technology. Our alliance with PUNK will greatly increase the collective strength of our APAC network and will significantly augment our overall growth strategy.''
The Internet Advisory Corp. (OTC BB:PUNK) recently announced that their high speed data center infrastructure would be completed this month. Also, on March 8, 1999, Punk announced that, based on new contracts, Lucent Technologies (NYSE: LU - news) would be the primary provider for their state-of-the-art telecommunication system.
Universal Express's web site may be visited at usxp.com and The Internet Advisory's site is located at punk.st
The Wall Street Research Group, a company that features undervalued stocks in emerging growth markets, has recently listed USXP as a ''recommended buy''. For further information, see wallstreetresearch.net
Investor Contact: James Stock, President of STOCK ENTERPRISES (702) 614-0003
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the Company's domestic and international operations, imprecision in estimating product reserves and the Company's ability to replace and expand its holdings.
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Contact:
Investor Contact:
James Stock, President of STOCK ENTERPRISES
702/614-0003 |
