During the quarter ended September 30, 2004 the Company issued 110,128,571 shares of common stock. Of such shares issued, 103,928,571 shares were issued for deferred services, and 6,200,000 for advisory services
On October 11, 2004, the Company announced plans to
purchase Alpine Airline pursuant to a stock purchase agreement dated October 8, 2004. The acquisition cost is approximately $22,000,000, including the assumption of debt.
On October 28, 2004, the Company announced the
sale of its subsidiary Universal Express Capital Corp. to Capitalliance pursuant to a stock purchase agreement dated October 27, 2004. Among other considerations, Capitalliance agreed to provide funding for the Alpine acquisition and for the equipment trust certificates
On November 1, 2004, the Company announced plans to increase its assets through the purchase of credits of insurance financial services from an affiliate of Capitalliance by prepaying with the issuance of stock of the Company, pursuant to an agreement dated October 28, 2004
During the three months ended September 30,2004
operating revenues increased $448,292 from $183,049, an increase of approximately 144%. This increase is due mainly to increased sales in our logistics and leasing departments.
The net proceeds from investments in the Company was approximately $450,000. Approximately $501,542 was used in its operating activities.
Until the UniversalPost Network, Universal Express Capital, UniversalPost International Delivery and the Company's other businesses, are fully operational and integrated the Company will continue to rely on equity and debt raised to fund its operations. Management is continuing efforts to raise cash by arranging lines of credit, and obtaining additional equity capital. The Company's future business operations will require additional capital.
Richard Altomare, our Chief Executive Officer and Chief Financial Officer, performed an evaluation of the Company's disclosure controls and procedures within 90 days prior to the filing date of this report.
hat sich da irgendwas an der Firmenphilosophie geändert? Altomare macht noch immer vollmundig seine eigenen Reports selber,die Aktienanzahl wird erhöht für Zukäufe,trotz der angeblich hohen Anzahl von Poststationen etc beträgt der Umsatz noch nicht mal ne halbe Million!Aber jede Woche ne neue Adhoc.Und der Chart ist der einer Zockeraktie ,die zum Traden geeignet ist,mehr nicht.Naja jetzt hat er ja 40 Millionen von den Saudis in Aussicht....aber die Knete von den gewonnenen Prozessen ist noch immer nicht in Sicht,wird wohl auch nicht mehr kommen und der Prozess gegen die SEC bzw SEC gegen USXP wegen naked Shorting ist noch nicht entschieden,(wobei er m.E. sicher nicht unschuldig ist an dem Naked Shorting,wer soviele Aktien rausgibt....)
hättst mich besser nicht fragen sollen...