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Microcap & Penny Stocks : Emerging Company Report TV Program -- Ignore unavailable to you. Want to Upgrade?

To: dbmedia who wrote (373)	8/22/2001 10:16:36 AM
From: dbmedia	Read Replies (1) \| Respond to of 526

Universal Express, Inc. to Repurchase Some of Its Outstanding Common Stock NEW YORK--(BUSINESS WIRE)--Aug. 21, 2001--Universal Express, Inc. (OTC:USXP - news) today announced that USXP's Management intends to commence a repurchase program in the open market for some of its outstanding Common Stock from growing funding sources. ``Management of our Company expects this capital management of share re-purchasing strategy to have a positive effect on the earnings per share of the Common Shares of the Company,'' said Richard A. Altomare, CEO and Chairman. Future details and amounts will be announced at a later date. Universal (USXP) operates several other subsidiaries in logistics (Luggage Express(TM)) and International shipping (WorldPost). Its association of private postal stores(PBC) provides various support services and numerous other programs to its members. Visit Universal Express and its subsidiaries on the web at usxp.com Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are foward-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.