Press Release Source: Universal Express Inc.
Universal Express Reports Revenue Growth
Wednesday January 17, 12:24 pm ET
NEW YORK--(BUSINESS WIRE)--Universal Express Inc. (OTCBB: USXP - News), announced today that three of its subsidiaries, Luggage Express Found, Universal Jet and Luggage Express have reported extraordinary earnings growth numbers prior to its formal quarterly report.
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"Luggage Express Found reports its monthly revenues have increased 80% and its January 2007 revenues are increasing 90% over its January 2006 revenues. Its overall profitability has increased 50%," said Mariano Guerrero, General Manager of Luggage Express Found.
"Universal Jet has increased its monthly revenues from $655,000 to $1,000,000, an increase of approximately 40%," said Michael McCauley, President of Universal Jet.
"Luggage Express remarkably has increased its monthly sales 100% but its profitability has increased 1582%. Yes, that's one thousand five hundred and eighty two percent," said Sabine Wehder, Director of Luggage Express Customer Service.
Pending our quarterly report, and as our subsidiaries grow and our fundamentals improve; Universal Express and its financial partners poise for 2007 to be a year for our shareholders to observe our growth and corporate maturation," concluded Richard A. Altomare, Chairman and CEO of Universal Express, Inc.
About Universal Express
Universal Express, Inc. is a 23 year old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit 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, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Contact:
Universal Express, Inc.
Mark Falk, 561-367-6177
publicrelations@usxp.com
Source: Universal Express Inc.