SEC corruption

[emit]

By: jcline
13 Feb 2007, 09:55 AM EST
Msg. 337553 of 337559
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Universal Express’ Response to First Call
NEW YORK--(BUSINESS WIRE)--Universal Express Inc. (OTCBB: USXP), today responded to First Call’s removal of a posted and announced recommendation and target price from its report on USXP.

“The depth of corruption insidious in this naked short selling scandal has just exposed itself once again. Are market makers, brokers or hedge funds short this stock in excess of 20 times its outstanding shares now afraid of free speech and free analyst opinions? Why a removal without an explanation? Damages and malfeasance towards our Company and its shareholders will always be defended by our Company,” stated Richard A. Altomare, President and CEO of Universal Express, Inc.

“The facts remain simple. An analyst report summary appears from First Call on its website. We verify and we announce. Then two days later the recommendation and target price mysteriously disappears from the report with the cryptic comment ‘No analyst consensus’,” continued Mr. Altomare.

“Who couldn’t afford or allow to have Universal Express’ future stock price evaluated and grow? Was it selected brokers, market makers and other Wall Street interests who wallow their gluttony through the naked shorting scandal at the expense of ordinary investors? Was it conflicted persons at a regulatory agency? Was it related to our long-term public position on the naked short selling scandal and against those responsible for naked short selling, being permitted in America to rob the middle class of the value of their investments while ruining thousands of public companies for more than ten years?” concluded Mr. Altomare.

“Universal Express will meet with its attorneys to commence appropriate litigation against First Call,” stated Chris G. Gunderson, General Counsel of Universal Express.

“There appears to have been a great wrong perpetrated against our Company ranging from the gross and reckless negligence of First Call to a possible deliberate attempt to harm our Company by insidious interests.”

“Universal Express has received more than $700 Million in jury awards against naked shorters and is not afraid to defend its rights and the interests of its shareholders. I am confident that our litigation against First Call and our ultimate success will right these wrongs with a judgment of appropriate valuation,” concluded Mr. Gunderson.

About Universal Express

Universal Express, Inc. is a 23 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.

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