Universal Express' -USXP- Announces Consumer Financing Program

    NEW YORK--March 19, 2002--Universal Express, Inc. (OTC BB: USXP) announced today that its' subsidiary USXP Capital has established a non-recourse lending relationship with Capital One Auto Finance, AmeriCredit, Summit Acceptance, and various other leading national non-prime consumer auto lenders.
    This alliance will enable USXP Capital to arrange direct access to quality consumer and commercial auto loans for those clients' experiencing difficulties securing credit. Those "non-prime"customers who need to access capital for business or personal vehicles is a burgeoning share of nationwide loan volume and can provide a valuable source of complimentary revenue for USXP Capital.
    "To further our diversification of financial products and capital access for our customers, USXP Capital has established alliances with the leading quality providers of non-prime auto financing in the country today. This ever expanding market is a natural compliment to our existing line of financing tools," stated David Russell, President of USXP Capital. He continued, "With this newly formed component, we can add to our revenue stream while providing a valuable and required service to our USXP Capital customer family".
    "Universal Express is pleased with the continued development and diversification exhibited by David Russell and his USXP Capital team. By further creating and implementing a full spectrum of financial products to serve its customers', USXP Capital is establishing a solid business foundation for a successful long term operation," concluded Richard A. Altomare, President and CEO of Universal Express.
    USXP Capital provides a wide spectrum of financial products including, business auto loans & leases, consumer loans & leases, business installment loans, business mortgages, premium credit lines, business equipment leasing & loans, aviation financing & leasing, and access to SBA loans.

    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). These subsidiaries provide the private postal industry and consumers with value-added services and products, logistical services, equipment leasing, and cost-effective delivery of goods worldwide. More information and website locations are available at: www.usxp.com

    Safe Harbor Statement under the Private securities Litigation Reform Act 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 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.