To: Stock Watcher who wrote (3980 ) 3/10/1999 11:40:00 AM From: Jeffrey L. Henken Read Replies (1) | Respond to of 52051
Letter of Intent Signed by RDI Marketing, Inc. For E-Commerce and Cross Marketing Support to Universal Express, Inc. BLOOMFIELD, Conn.--(BUSINESS WIRE)--March 10, 1999--A letter of intent to develop several cross marketing opportunities has been issued between RDI Marketing, Inc. of Bloomfield, CT. (OTCBB:RDIM - news) and Universal Express, Inc. (OTCBB:USXP - news). RDIM has commenced its operational phase and is continuing to broaden its consumer reach. The Company completed another acquisition of a profitable operating entity, PCS, in Atlanta and Birmingham. Additional resources and relationships are being negotiated to extend the range of the services that are offered by the Company to its membership. Universal Express, Inc., is a reporting public Company located in Plainview, New York, with projected revenues in 1999 of $17 million. The Company brings several important assets to the relationship, according to Richard Altomare, President. One of the holdings of USXP is a trade association known as The Association of Packagers and Carriers, Inc., or APAC. This association represents almost 7000 independent and franchised postal service centers nationwide. This group can be very helpful in reducing the costs associated with package shipments. We also see the introduction of the RDIM e-commerce technology as an additional profit center for these units. Our websites, at USXP.com and APAC.com, further explain some of the synergies represented by the Companies. Manhattan Concierge. Com (a subsidiary of USXP and well-known provider of tickets to sporting event, the Broadway theatre, restaurants, and other venues nationally) is yet another holding of USXP. The Companies are excited about ways of expanding the fulfillment of this profitable subsidiary. There is also a possibility that the services of Manhattan Concierge.com will offer additional content to the RDIM website of member services. RDI Marketing, Inc. is preparing to launch a destination website that will be the cornerstone of ''new commerce'' initiatives. By providing a direct link from manufacturers to consumers, the Company expects to be part of the next wave of early adapters that facilitate large volumes of consumer purchase transactions on the web. With physical service center locations, the Company will be in position to handle training and other face to face issues that increase consumer awareness, brand loyalty and increased purchase transactions. It is important to broaden the physical footprint of the Company, which will allow consumers broader access to our services, says John Folger, President of RDIM. Management feels that the discount buying services of the Company will be enhanced from as many physical locations as possible. The use of packaging and delivery services nationally for the benefit of RDIM members; the potential use of the USXP international shipping network as required; and the introduction of new electronic Concierge services by RDIM to the USXP postal network are sufficient reason to expect that this relationship will be profitable for both Companies. RDIM was organized to become the largest private wholesale consumer-buying network in the United States. Through its world class management staff, RDIM strives to transform an industry comprised of fragmented single unit operations. Through its state-of-the-art e-commerce technology, RDIM's plans will revolutionize the existing industry. RDIM takes advantage of the combined power of the Internet, demographic and psychographic customer profiling, and sophisticated database marketing to expand membership and solidify membership loyalty. RDIM's e-commerce service will allow members to comparison shop among multiple manufacturers and suppliers. Additionally, the site will have live links for updated and current catalogue information. The site will also offer live audio and video product presentations sponsored by the vendors. 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. Contact: Fortune Marketing & Capital Consultants, Inc. Investor/Media Relations: Art Martin, 407/696-2221 biz.yahoo.com RDIM is finally moving up. I am glad to see a good reaction to good news today. Regards, Jeff