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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.

--30--eb/ny*

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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Aug-01-2001 12:06 GMT
Symbols:
US;USXP
Source BW Business Wire
Categories:
MST/R/US/NY MST/I/LAW MST/I/TRQ