Universal Express Subsidiary USXP Capital Announces Finance Partnership With PeopleFirst.com

    NEW YORK--Sept. 23, 2002--Universal Express, Inc. (OTC BB:USXP) announced today that its subsidiary USXP Capital has engaged an on-line vehicle finance partnership program with PeopleFirst.com, Americas' largest provider of online lending for new/used automobiles and motorcycles and pioneer of the BlankCheck(registered) loan product.
    "This partnership program expands our reach in competitive, low-rate loans for new or used cars & motorcycles on a national platform with a premier service provider. The customers, associates, and affiliates of USXP Capital, as well as those of Universal Express and its' subsidiaries, will now have direct access to the nations' most innovative and rate competitive funding for vehicle loans, financing of lease buyouts, or refinancing existing loans" stated David Russell, President of USXP Capital. "When choosing a partner for such a program, PeopleFirst stood out as the preferred online auto lender with their BlankCheck(registered) lending plan, fast automated approval process, and "$100 Loan Experience Guarantee" placing them clearly above the rest" Russell concluded.
    "Universal Express continues to develop and mature its core competencies while unlocking the strengths of strategic partners within our corporate vision" Richard A. Altomare, Chairman and CEO of Universal Express said. " We will continue to offer quality value added products to our customers while supporting organizational objectives."
    "We will be launching this immediately and initially establishing links through the various Universal Express subsidiaries websites recognizing the product offering "said Michael Buccellato, Vice President of USXP Capital. "As the program is accepted, we will develop enhanced marketing strategies in conjunction with PeopleFirst to maximize the potential of this lending solution."
    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.
    Universal Express, Inc. owns and operates several subsidiaries including Universal Express Capital, Universal Express Logistics (including VirtualBellhop, WorldPost and Luggage Express) and the Private Postal Network. 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.

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