Universal Express Signs Agreement with GE Fleet Services
NEW YORK--Aug. 9, 2005--Universal Express Inc. (OTCBB: USXP), today announced that it has signed an agreement with GE Fleet Services to offer Ford Motor's Vehicle Leasing to private postal stores and courier companies.Ford Motor's aggressive offer announced on August 1, 2005 will be offered through Universal Express Logistics, and financed through GE Fleet Services. Universal Express Logistics will be targeting approximately 13,000 private postal stores, couriers and other entities in its initial stages. (for Ford Motor's Press release go to www.usxp.com/companies/universal/pr/prid.asp?id=319).
"With our current incentives from Ford Motor and leasing options being provided through GE Fleet Services, store owners and couriers will have a unique opportunity not often provided to smaller businesses. Pricing and lease options of this caliber, in most cases, are only available to larger couriers with existing fleets. We now give these small businesses the power and tools they need to expand by offering vehicles at reduced rates, with a variety of options. We're pleased to have GE Fleet Services on board, and believe a Ford product and GE Fleet Service combination will help brand and expand our business, as well as those of our customers", said Richard Altomare, CEO and Chairman of Universal Express, Inc.
About Universal Express
Universal Express, Inc. is a 22 year old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit 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, 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.