Universal Express Inc – Introduces cargo buses
Universal Express, Inc. obtained exclusive North American rights to develop and market the patented Neoplan Intermodal Coach with up to 22,000 LBS. of cargo capability each.
Universal Express has secured the exclusive North American rights to a new "over the road" bus vehicle designed to carry both passengers and express freight, and also has plans to sell and lease at least 3,000 of such vehicles over the next 10 years. "This approximately $400,000 motorcoach captures a second stream of revenue by adding to the already active bus passenger business. Prior to this patent, buses simply haven't had the cargo carrying space to move more than limited express packages", said Cecilia Vesnesky of Universal Express, Inc.
"Our prototype has been on the road since January 2001. It can be viewed at www.usxp.com/companies/usxp/photos/neoplan.htm. It adds increased profitability to the economic potential of every bus mile", said James Gaspard of Neoplan USA. "In essence, buses have already covered their overhead – so they can price to win", continued Mr. Gaspard.
This intermodal concept now enables others to re-think and re-budget and it opens up a 140 billion dollar time sensitive and 400 billion dollar freight market to us", said Richard Altomare, USXP's CEO.
The basic Expeditor Cargo vehicle still seats up to 35 passengers, but it is equipped with a 20 foot standardized container in the rear. The same container one sees on ships, trains or planes.
"This patent right, coupled with our growing corporate infrastructure energizes and should make Universal Express and other expeditors more independent of traditional and more expensive methods of shipping", continued Mr. Altomare.
Currently American buses carry over 860,000,000 passengers a year, and inter-city Bus routes have simply not been able to take advantage of the opportunity that now lies before them.
"With American fuel, insurance, labor and other costs increasing, Universal Express and its affiliates have simply achieved a less expensive form of movement of luggage packages and mail", continued Mr. Altomare.
This new transportation paradigm may also have global impact and the barriers to entry for competition with Universal Express will be extremely costly to overcome", continued Mr. Gaspard.
"We look forward to building with Universal Express as they have over the past decade thought out a creative and potentially unbelievably profitable transportation paradigm. Over the years I have had ongoing discussions with numerous transportation executives regarding the potential of this vehicle and the industry. Mr. Altomare has impressed us as a man of unusual vision and courageous action and it seems that Universal Express has effectively beat the larger companies to the punch on this Intermodal Bus concept and other new cost-effective postal stores and shipping ideas. With this exclusive arrangement, Universal Express and its financing subsidiaries should become a formidable cash generator to rival any existing transportation company. The American Dream of innovation, persistence and a refusal to accept the status quo has just created, in our opinion, America's newest and most exciting company to watch – Universal Express. From nowhere, Universal Express has out-flanked, out-positioned and out-thought most transportation companies. What a pleasure to be part of and to watch an industry re-thinking itself", concluded Mr. Gaspard.
ABOUT UNIVERSAL EXPRESS
Universal Express, Inc. (USXP) owns and operates several subsidiaries including Universal Express Capital, Universal Express Logistics (including VirtualBellhop, WorldPost and Luggage Express) and the Private Postal Network (PPN). These subsidiaries provide the private postal industry and consumers with value-added services and products, logistical services, equipment leasing, and cost-effective delivery of goods worldwide. More information and website locations are available at: www.usxp.com
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.
