USXP...Universal Express -USXP CEO Lobbies for Luggage Security Measures on Capitol Hill Today; Plan Saves Taxpayers $550 Million to $1.4 Bil Yearly in Baggage Screening Costs
Business Wire - October 21, 2003 08:00
NEW YORK--(BUSINESS WIRE)--Oct. 21, 2003--Universal Express, Inc. (OTCBB:USXP) CEO Richard Altomare is lobbying for luggage security measures on Capitol Hill today. He is personally meeting within members of the House and Senate and Congressional staff, Department of Commerce, and Transportation Security Administration staff to discuss measures contained in his White Paper "More Security, Less Hassle for American Travelers: A Private Sector Solution for the Airline Industry".
The White Paper proposes resolutions to the shortfalls in the Aviation and Transportation Security Act. By offering enhancements to Homeland Security and savings to taxpayers, it stimulates the financial health of the airlines restoring confidence and security to the travel industry.
Homeland Security
-- A reduction in on-board passenger luggage correlates to a
direct reduction in the ability for terrorists to bring
threatening devices onboard aircraft, buses and trains
therefore reducing the possibility of future attacks.
-- Without advance notice regarding the transportation mode of
pre-shipped luggage, the likelihood of attacks on Americans is
further reduced.
-- The plan provides resources for assigning security guards at
Amtrak train stations and bus terminals, which currently
present wide-open targets for terrorists.
Financial
-- The USXP plan saves taxpayers from $550 million to $1.4
billion per year in costs associated with baggage screening.
-- Airlines will save between $1.6 billion and $4 billion in
labor costs due to the reduced need for baggage handlers,
processing damage claims and tracing of lost baggage.
-- Numerous supplementary jobs will be realized at major parcel
carriers as a result of increased demand for services.
-- Airlines will generate about $16 billion in additional revenue
from the transporting of bags for passengers, which can be
used to restore financial health for the industry and reduce
passenger airfares encouraging more affordable travel.
Travelers
-- Passengers will have greater confidence in the overall
security of the travel industry.
-- Travelers will not endure long lines and the unpleasant
experience of security guards going through their luggage.
-- Passengers will waste less time moving through America's
airports. The economic cost associated to saving an hour of
time per traveler per trip exceeds $52 billion annually.
Transportation Industry
-- With the creation of a new $22 billion industry segment,
parcel carriers will enhance revenues, generate 250k new jobs
and establish a hassle free, safer way for Americans to
travel.
Mr. Altomare noted, "I am initiating a lobbying campaign on Capitol Hill today. In meetings with members of the Congress and their staff, I will be addressing the major security problems and costs associated with transporting baggage by the airlines. The White Paper I am disseminating today has been prepared by USXP. We have extensive airline transportation industry knowledge built on years of strategic relationships and operating experience. We endorse the proposals in our White Paper and encourage its adoption."
For a copy of the White Paper contact Mr. Ron Garner/Equitilink 877-788-1940
Universal Express, Inc. owns and operates several subsidiaries including Universal Express Capital Corp. (USXP Cash Express division), Universal Express Logistics, Inc. (The Virtual Bellhop, LLC and Luggage Express) and the WorldPost(TM) Private Postal Network, Inc. These subsidiaries and divisions provide the private postal industry and customers with value-added services and products, logistical services, equipment leasing, and cost-effective delivery of goods worldwide.
More information and website locations are available at 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.
CONTACT: Equitilink
Ron Garner, 877-788-1940
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