Universal Express' Subsidiary Private Postal Network Changes its Name to WorldPost
Universal Express, Inc. (OTC BB:USXP) announced today that effective
>August 30, 2003, its subsidiary, Private Postal Network, Inc., will be
>known as WorldPost(TM). The WorldPost Network of over 9,000 independently
>owned and operated private postal stores will continue its mission of
>improving cash flows and building national recognition for members of its
>private postal system. "Through the introduction of a new web-based CRM
>software system, we will be better able to provide new products and
>services to the postal stores, resulting in new revenue streams and
>increased control of expenses. We continue to help individual store owners
>realize a greater return on their investments of time, energy and money. We
>are pleased to contribute to the rightful and long sought after recognition
>the individual store owners deserve for the important services they
>provide", said Richard A. Altomare, President & CEO of USXP. "These
>services are also expected to generate considerable revenue per store for
>our own company. Even at a weekly average gross revenue of only $20 per
>unit, we will realize more than $9,000,000 annually in new revenue", said
>Tom Chernoff, WorldPost Director. "Our growing international penetration
>will be further highlighted by our new ad campaign, 'WorldPost – Around the
>Corner, Around the World'", stated Bruce Turiansky, WorldPost's Marketing
>Director. "As the private postal industry matures and cooperative programs
>continue to be introduced, including our proposed same-day airport
>counter-to-counter service, we chose this time to announce our long planned
>name change to coincide with soon to be announced programs that will be of
>great value to our retailers", added Mr. Turiansky. "Universal Express
>continues to offer, through the independent storeowners, our stress-free
>travel-without-luggage service subsidiary, Luggage Express, and our
>WorldPost International discounted delivery service. With six billion
>dollars of shipping and billions of suitcases being carried by
>over-regulated travelers, WorldPost's market share will continue to
>steadily grow and every 1% of the market we acquire may represent
>$60,000,000 in new revenue", added Mr. Chernoff. "With many more programs
>to come, make no mistake about it – a private postal system here in America
>is on the horizon. Effective August 30, 2003, our WorldPost decals,
>WorldPost envelopes and our re-branded WorldPost website,
>www.WorldPostNetwork.com
>continues the process", concluded Mr. Altomare Universal Express, Inc.
>today owns and operates several subsidiaries including Universal Express
>Capital, Universal Express Logistics (including Virtual Bellhop and Luggage
>Express) and the WorldPost Network. 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 web site locations are available at
>www.usxp.com
>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.
>Contact: EquitilinkMr. Ron Garner, 877/788-1940
