Coalition Leader and Universal Express, Inc. CEO Says ``Luggage Bomb'' Threat Should Be The Priority Issue of '05.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Universal Express, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : USXP), Richard A. Altomare, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Universal Express, Inc. and Chairman of The Coalition for Luggage Security, says that a federal plan to install a missile defense system Noun 1. missile defense system - naval weaponry providing a defense system missile defence system naval weaponry - weaponry for warships on commercial airplanes is well-intentioned but misdirected and that the U.S. Congress should initially be focused on testing new solutions to the greater threat of luggage bombs on commercial planes. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Altomare, "Luggage security on airlines (and buses and trains) is a time bomb that's just waiting to go off. The White House, Congress and the Department of Homeland Security Noun 1. Department of Homeland Security - the federal department that administers all matters relating to homeland security Homeland Security executive department - a federal department in the executive branch of the government of the United States need to start thinking of new, more creative security solutions to the luggage bomb threat. A federally-funded pilot study to assess the security effectiveness of shipping passenger luggage separately from passenger flights is one such idea whose time has come." Altomare is the author of a new Luggage Security policy paper entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: "More Safety, Less Hassle for American Travelers: A Private Sector Solution for the Airline Industry". The Coalition is a voluntary partnership of transportation and logistics business leaders who are advocating new solutions to enhance passenger and travel luggage security. "While I agree that a Shoulder-fired missile threat is a serious issue, I strongly believe that a luggage bomb threat is a much greater one and deserves more congressional scrutiny and financial research support," said Mr. Altomare. "The Coalition for Luggage Security and Universal Express, Inc. are asking Congress to test a plan where airline passengers would ship their luggage in advance of their respective flights through a private courier service, such as Federal Express, UPS or Universal Express. Passengers would be offered a framework of choices to either ship their luggage in advance at a lower price than the airline charges, or continue to carry their bags to the airport and pay a higher price. Doing so would relieve the commercial airline industry from having to screen millions of bags for potential weapons, and increase airline security because fewer bags would be aboard planes." "The Coalition's luggage security idea could save the federal government $1.4 billion in luggage screening costs and up to $6 billion in labor costs, while generating billions of dollars in new revenues for the private freight industry overall and potentially a few hundred thousand new JOBS to our economy," said Mr. Altomare. "Why not test a luggage security plan that could increase aviation security and possibly save the airline industry billions of dollars?" concluded Mr. Altomare. About Universal Express Universal Express, Inc. is a 22 year old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements contained herein, which are not historical, are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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. |
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