Universal Express
03-Jan-07 • NASDAQ OTC-Bulletin Board Symbol USXP
Universal Express' Division MadPackers Signs Letter of Intent to Purchase Smart Movers (Story 1 of 58)
Business Editors/Logistics & Transportation Writers
NEW YORK--(BUSINESS WIRE)--Jan. 3, 2007--Universal Express Inc. (OTCBB: USXP), division MadPackers announced today the signing of a letter of intent to purchase Smart Movers, a leader in the college shipping and storage industry. Based in the Boston area, Smart Movers has been in operation for over 11 years and services over 23 schools across the northeast. Smart Movers, through its 11-year tenure, has averaged over 3,500 students per year for its shipping and storage services.
"We are all very excited to team up with an established player in the college services industry and gain 11 years of experience in one year. It is a great opportunity for our young company to continue its aggressive expansion and growth across the country," stated Brian Altomare, President of MadPackers.
The merger between Smart Movers and MadPackers will form one of the largest college shipping and storage companies in the country. MadPackers plans to retain the services and experience of Smart Movers management to continue and assist in the growth of MadPackers.
"With the experience of Universal Express' customer service, logistics, and operations behind us, I am very confidant that SmartMovers will be able to expand MadPackers business and help it become the leader in this fragmented college shipping and storage industry," said Larry Byron, President of Smart Movers.
"With this industry still in its formative phase, the combination of Universal Express' many companies and operation capacities, along with Smart Movers 11 years experience on the front lines of campuses across the country, we will build the foundation and set the tone for the entire college services industry," noted Byron.
"The acquisition of Smart Movers will give MadPackers additional offices in Massachusetts, expanding its already existing operations in Florida and New York City. We will now have local presence in one of the largest concentrated areas for colleges and students anywhere in the United States," said Chris Adamo, Director of Business Development for MadPackers.
"This is a great way for MadPackers to end its first year of operation and bring in the New Year," concluded Chris Adamo.
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.
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