Universal Express -USXP- to Acquire Target Market Corporation.Business Editors NEW YORK--(BUSINESS WIRE)--March 25, 2002 Universal Express, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: USXP) today announced the signing of a letter of intent to purchase a profitable direct marketing company for predominantly cash. Target Market Corporation is a direct marketing company that specializes in mail processing and list brokerage. "With profitable offices in the Midwest and Pacific Northwest, Target Market has been in business since 1990 and has completed hundreds of direct mail campaigns for customers throughout 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 Mary Benson, President of Target Market. "The acquisition of Target Market, which is the only nationwide mail processing facility that guarantees three-day turnaround on all projects, enhances Universal Express' position as a leading provider of value-added services to its Private Postal Network," said Lisa Olson Lisa Olson (born circa 1964) is an American sportswriter for the New York Daily News. In 1990, while working at the Boston Herald, she was sexually harassed by New England Patriots football players in the team's locker room. , Target Market's Production Manager. "Because Target Market is skilled in rapid turnaround and creative implementation of all aspects of standard rate direct mail, members of the Private Postal Network will now be able to integrate Target Market as a resource to their own customer base, which is traditionally comprised of small business customers," said Mark Falk of the Postal Network Business Center. "This fit is particularly appropriate in light of the recently announced increases in First Class postage. The largest cost component for most direct mail campaigns is postage. Through the usage of Target Market to process direct mail at standard postal rates, members of the Private Postal Network and others will be able to greatly assist their small business customer base with lowering their direct mail costs," continued Mark Falk. "Now that our corporate infrastructure has been formed and our foundation appears to be handling the growth of that infrastructure, Target Market will be able to integrate direct mail services along with our other 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. programs that we presently offer to postal stores, outside customers and now our other subsidiaries. When we saw the hundreds of contented retailers presently working with Target Market, we knew that USXP's sales implementation would be far better off with an experienced in-house marketing and retail organization that generates over $200,000 a year in profits and can offer exposure for those programs while Target Market continues growing their own profitability with other retail customers," said Richard A. Altomare, President and 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 USXP. ABOUT UNIVERSAL EXPRESS Universal Express, Inc. (USXP) owns and operates several subsidiaries including Universal Express Capital, Universal Express Logistics (including VirtualBellhop) and Private Postal Network (PPN PPN - Project-Programmer Number. A user-ID under TOPS-10 and its various mutant progeny at SAIL, BBN, CompuServe and elsewhere. Old-time hackers from the PDP-10 era sometimes use this to refer to user IDs on other systems as well. ). These subsidiaries provide the private postal industry and consumers with value-added services and products, logistical services, equipment leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
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 or products delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. |
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