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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?

To: StocksDATsoar who wrote (7958)	7/21/2000 10:50:32 AM
From: Wayne Rumball	Read Replies (1) \| Respond to of 11130

NEW YORK--(BUSINESS WIRE)--July 21 2000--Universal Express, Inc.'s (OTC:USXP) subsidiary The Postal Business Center Network.com (www.pbcnetwork.com) announced today a joint venture with eCheck2000.com. eCheck2000.com is an electronic check processing and automatic debiting service that allows businesses to accept checks from any U.S. bank. SCI, Inc. processes this settlement service through the Federal Reserve. The PBC Network, eCheck2000.com (www.echeck2000.com) joint venture, will provide PBC Network Members with the opportunity to verify a customer's check for both validity and money-availability, in real-time and deposit the money electronically within 48 hours. PBC Network members will also have the opportunity to make out-going payments such as monthly bills and payroll through the eCheck2000.com service. "I believe this will benefit our national network through the time and cost savings the automation service brings," said Mark Falk, PBC Network's Managing Director. He went on to say, "PBC Network Members can increase the speed in which money settles into their account while decreasing the costs associated with revenue collection." "Our goal has been to help stores increase revenue and decrease overhead through programs that will aid in their day to day business. eCheck2000.com's check processing and out-going payment service will provide stores with the opportunity to run their business more cost effectively," said Sarah Cepale, PBC Network's Vendor Relations Manager. SCI, Inc. is the actual processor of the checks and has partnered with eCheck2000.com to bring this service to PBC Network members. Founded in 1986, SCI is the only non-bank, third party check processor granted a Federal Reserve ABA number. SCI holds a seat on the Governing Board of NACHA. SCI is an industry leader in third party processing and electronic transactions and maintains relationships with Deluxe Payment Protection Systems, SCAN, the Federal Reserve, NACHA, VISAnet, and banks nationwide. Universal Express, Inc. (USXP) owns and operates several subsidiaries in the packaging and shipping business including Skynet Worldwide Express and the Private Postal Network.com (PPN) which provides logistical services and cost-effective delivery of goods worldwide. USXP's other subsidiaries are engaged in entertainment (Manhattan Concierge) and additional support services, UniqueNet.com, WorldPost Network.com and the Postal Business Center Network (PBC Network.com). Universal Express's web site address is usxp.com Investor Relations, call Jordan Ness at 212-764-3125 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 or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. --30--rc/ny* CONTACT: Universal Express, Inc. Jordan Ness, 212/764-3125