Universal Express Announces Partnership with IBM Southeast Employees' Federal Credit Union.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), announced its subsidiary UniversalPost, is now offering the benefit of Credit Union Membership to its postal member stores. Member store employees, as well as immediate family members are eligible to join the IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Southeast Employees Federal Credit Union (EFCU EFCU Employees Federal Credit Union ) with this partnership program. Established in 1969, IBM Southeast EFCU is one of the nations largest Credit Unions with $600 million in assets and 60,000 members across the country. "Credit Union Membership adds new value to the benefit packages already in place from UniversalPost. Stores can take full advantage of banking and financial products and services offered through IBM Southeast (EFCU) online program, accessible 24/7. It is as much a priority for us to offer our member stores group benefits as it is to introduce them to revenue producing programs. We want to save them money as much as help them make money," said Linda Jacobucci, newly appointed President of UniversalPost. "IBM Southeast EFCU is excited to partner with UniversalPost. Their member stores will benefit from the value, accessibility, products and services, REWARDS program and unique personalized service that only IBM Southeast EFCU can offer", states Marilyn Joyce, Member Development Director, IBM Southeast EFCU. "Our leasing division is prepared to work directly with member stores to assist them in obtaining loans for vehicles and business equipment. A 4 billion dollar industry attracts our interest" said Michael Buccellato, President of Universal Express Capital Corp. "The management of our private postal trade association continues to search and work for programs and services that may better strengthen this essential but fragmented industry of over 10,000 retail locations. Affording them a 35 year old additional credit facility adds even more value to UniversalPost members and financial opportunities for all involved," concluded, 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, Inc. About Universal Express Universal Express, Inc. owns and operates several subsidiaries including Universal Express Capital Corp. (USXP Cash Express & Leasing Division), and Universal Express Logistics (Luggage Express and the Virtual Bellhop). These subsidiaries and divisions provide the private postal industry, (Universal Post) customers, and couriers 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, 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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