Universal Express -- USXP -- Commences Execution Steps on $389 Million Judgement
Business Editors
NEW YORK--(BUSINESS WIRE)--Aug. 1, 2001--Universal Express, Inc.'s (OTC:USXP) General Counsel, Chris Gunderson, announced today that the Company's attorney Arthur Tifford, has filed executions in Florida to cover any assets of the defendants in that state covered by the $389 million judgement received by the Company. "This is the first step in a series of steps which will be taken toward collection efforts on the judgement," stated Mr. Gunderson. Universal (USXP) operates several other subsidiaries in logistics (Luggage Express(TM)) and International shipping (WorldPost). Its association of private postal stores (PBC) provides various support services and numerous other programs to its members. Visit Universal Express and its subsidiaries on the web at http://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.
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CONTACT: Universal Express, Inc. Chris Gunderson, 917/639-4157
KEYWORD: NEW YORK INDUSTRY KEYWORD: LEGAL/LAW TRANSPORTATION SOURCE: Universal Express, Inc.
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