Universal Express Requests FAA Policy Change.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), today requested that the FAA begin to limit the weight in the tail compartments of private charter aircraft. "Since the invention of wheels on suitcases, travelers fail to realize the combined excess weights of multiple suitcases in the tail compartments of smaller aircraft with shorter runways," said Mr. 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. "Weight distribution has always been a challenge for airlines and pilots and our request is one of safety and education." "As the parent company of Universal Jet and Luggage Express, our daily awareness of both issues necessitates our request of the FAA." "Today's horrific plane tragedy in Teterboro may have been the result of numerous other events. However, we simply are asking the FAA to become aware of the possibilities of excess luggage excess luggage or baggage Noun luggage that is more in weight or number of pieces than an airline etc., will carry free weight for ten or twelve travelers added to the other aspects of their investigation and future policies including the limiting or elimination of luggage as we have done on Universal Jet flights," 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), UniversalPost Network and Universal Jet Aviation. 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 go to 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 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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