Corporate Profile for U-Ship, Inc., dated Nov. 6, 1998.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Nov. 6, 1998
Company Name: U-Ship
Address: 5583 West 78th Street
Edina, MN 55439
Main Telephone
Number: 612/941-4080
800-433-1066
Internet Home
Page Address
(URL): (Active 12/15/98) www.uship.com
Chief Executive
Officer: Peter Lytle
Chief Financial
Officer: Tim Becker
Investor Relations
Contact: Terry Johnson
Business number: 612-941-4080 ext.100
Home number: 612-873-2318
e-mail address: n/a
Public Relations
Contact: Joan Knight
Business number: 612-593-1508
Home number: n/a
e-mail address: n/a
Trading Symbol/
Exchange: Nasdaq/USHP
Industry: Shipping/Courier & Kiosk Manufacturing
Market Makers: n/a
Company description: U-Ship Inc., Doing Business As: United Shipping and Technology, Nasdaq listing (USHP USHP Utah Society of Health-System Pharmacists ). The company has two divisions: The Intelligent Kiosk kiosk Originally, in Islamic architecture, an open circular pavilion consisting of a roof supported by pillars. The word has been applied to a Turkish summer garden pavilion and a type of early Persian mosque. Company (IQK IQK Iniciativa Qytetare e Kosovës (Citizens Initiative of Kosovo) ) and Advanced Courier Services, Inc. (ACS (Asynchronous Communications Server) See network access server. ). IQK is the company's technology arm. It produces state-of-the-art, automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. package shipping kiosks for major shippers, couriers, mailrooms and ACS as well as kiosks for non-shipping clients utilized for retail sales, training and information management. IQK also develops software and hardware for the courier industry. The world kiosk market is growing at a 30% to 40% annual rate. Sales are projected to reach $3 billion by 2002. ACS is the company's courier division. It is in the process of creating a value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. consolidation of the courier industry. ACS is acquiring mid size couriers and consolidating them in metro markets in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The company's IQ(k) technology is being employed to provide ACS with significant barrier to entry by the competition. The company plans to franchise its brand name and technology and is seeking to become a dominant player in the industry. Market sizes for the industry range from 7 to 15 billion dollars depending on category and is growing at a rate of 4% to %5 per year. |
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