Universal Express' Division MadPackers Signs Letter of Intent to Purchase Smart Movers.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), division MadPackers announced today the signing of a letter of intent to purchase Smart Movers, a leader in the college shipping and storage industry. Based in the Boston area, Smart Movers has been in operation for over 11 years and services over 23 schools across the northeast. Smart Movers, through its 11-year tenure, has averaged over 3,500 students per year for its shipping and storage services. "We are all very excited to team up with an established player in the college services industry and gain 11 years of experience in one year. It is a great opportunity for our young company to continue its aggressive expansion and growth across the country," stated Brian Altomare, President of MadPackers. The merger between Smart Movers and MadPackers will form one of the largest college shipping and storage companies in the country. MadPackers plans to retain the services and experience of Smart Movers management to continue and assist in the growth of MadPackers. "With the experience of Universal Express' customer service, logistics, and operations behind us, I am very confidant that SmartMovers will be able to expand MadPackers business and help it become the leader in this fragmented college shipping and storage industry," said Larry Byron, President of Smart Movers. "With this industry still in its formative formative /for·ma·tive/ (for´mah-tiv) concerned in the origination and development of an organism, part, or tissue. phase, the combination of Universal Express' many companies and operation capacities, along with Smart Movers 11 years experience on the front lines of campuses across the country, we will build the foundation and set the tone for the entire college services industry," noted Byron. "The acquisition of Smart Movers will give MadPackers additional offices in Massachusetts, expanding its already existing operations in Florida and New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . We will now have local presence in one of the largest concentrated areas for colleges and students anywhere 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. ," said Chris Adamo, Director of Business Development for MadPackers. "This is a great way for MadPackers to end its first year of operation and bring in the New Year," concluded Chris Adamo. About Universal Express Universal Express, Inc. is a 22 year old logistics and transportation conglomerate conglomerate, in business conglomerate, corporation whose asset growth, often very rapid, comes largely through the acquisition of, or merger with, other firms whose products are largely unrelated to each other or to that of the parent company. 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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