Universal Express Inc fka USXP

[jking1999]

RA continues to falsly claim that the lawsuits he won were against naked shorters and RICO cases. Here is the story told by USXP originally after the first award:

http://findarticles.com/p/articles/mi_m0EIN/is_2001_July_26/ai_76772112

$389 Million Dollar Jury Award to Universal Express — USXP —
Business Wire, July 26, 2001
Business Editors

NEW YORK--(BUSINESS WIRE)--July 26, 2001

Univeral Express, Inc. (OTC:USXP), announced that a jury in the Circuit Court, Dade County, Florida, yesterday awarded USXP a damage verdict after trial of $389 million dollars ($389,000,000) against Select Capital, Ronald G. Williams and Walter S. Kolker for fraud and conversion for failure to honor previous funding commitments and stock manipulation.

"We are very grateful to the Dade County jury for vindicating our rights and recognizing the substantial scope and value of our company," stated Richard A. Altomare, President and CEO of USXP.

"This judgment is final and non-appealable. The company's trial counsel, Arthur W. Tifford, a prominent Miami attorney, will now take the necessary steps toward collection. Tifford has collected judgment monies against these defendants in a number of other cases," said Chris Gunderson, General Counsel of the company.

"On one level, it is gratifying to have a judicial system validate what we have been saying since 1998. On another level, collectibility is huge and now we are able to introduce professionals to trace the paper trail for collusion, damage culpability and offshore accounts. This might bring some compliance officers and insurance companies into this issue of collectibility. We will now allow the professionals to collect. We have done what we said we would do in 1998 and more," concluded Altomare.

It could be argued that the "stock manipulation" was referring to NSS, but it cannot be argued that the case had anything to do with RICO charges of any kind.

USXP may have a chance to survive on its own without RA, and it will have its chance to try to do that soon enough. Until then, RA will continue to lie about everything under the sun.