Universal Express Adds FAQ to Website.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), will be introducing this morning 22 Frequently Asked Questions and Answers (FAQ (Frequently Asked Questions) A group of commonly asked questions about a subject along with the answers. Vendors often display them on their Web sites for use as troubleshooting guidelines. ) on USXP.com (www.usxp.com/companies/universal/faq/) for the benefit of its shareholders and other interested individuals. "These questions address the mission statement, the subsidiaries, and naked short selling Naked short selling, or naked shorting refers to the practice of selling a stock short without first borrowing the shares or making an "affirmative determination" that the shares can be borrowed. and, in general, all that is already contained in our formal filings," said Richard A. Altomare, Chairman & 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. "As USXP prepares for the next few months of announcements, corporate developments and new shareholders, I felt that information and clarification would be of interest to many long-term followers and numerous newcomers," concluded Mr. Altomare. About Universal Express Universal Express, Inc. owns and operates several subsidiaries including Universal Express Capital Corp., (including its USXP Cash Express division) Universal Express Logistics, Inc. (including Virtual Bellhop, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and Luggage Express, Universal Express Courier Association), and UniversalPost Network. These subsidiaries and divisions provide the private postal industry and consumers with value-added services and products, logistical services, equipment leasing, and cost-effective delivery of goods and people worldwide. For more information please visit www.usxp.com. Safe Harbor 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 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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