NEW YORK--(BUSINESS WIRE)--Nov. 2, 2005--Universal Express Inc. (OTCBB: USXP - News), today announced it will increase the Luggage Express Associate Program (LEAP) pricing. Increased pricing will take affect as of November 15, 2005 with a potential for increase of pricing again in January 2006.
"Despite a South Florida hurricane and 5 day loss of corporate electricity, over 33 requests to purchase LEAP territories (http://www.usxp.com/companies/universal/pr/prid.asp?id=359) for $250,000 have been received. We will honor those initial 33 applications if they close on their requested territories prior to November 15, 2005," said Keith Miller, LEAP Director.
"After November 15th and based on anticipated future national contract programs we will be increasing the territory costs to $325,000. Our next price increase is scheduled to be in January 2006, but may occur sooner," continued Robert Weiner, Director of Business Development.
"The LEAP program certainly has the potential of benefiting our initial 33 applicants beyond our software infrastructure, creative advertising, customer satisfaction, exceptional customer service, on-going training, and product expansion and development. On paper, their territory value has increased over $75,000 in less than 10 business day's average with or without electricity. That's a 'leap' no matter how one looks at it. The following states have had at least one territory requested; Texas (4 to date), Arizona, California, Connecticut, Florida, Illinois, Massachusetts, Missouri, Mississippi, North Carolina, New Jersey, New York, Pennsylvania, South Carolina, Tennessee and Wisconsin," said Richard Altomare, CEO and Chairman of Universal Express, Inc.
"We're looking forward to the national development of Luggage Express through this innovative program. Imagine the value of a territory when all Americans consider separating themselves from their luggage and traveling without the burden of suitcases," concluded Cecilia Vesnesky, newly promoted Chief Operating Officer.
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.
-------------------------------------------------------------------------------- Contact: Universal Express, Inc. Investor Relations Keith Miller, 561-367-6177 kmiller@usxp.com
-------------------------------------------------------------------------------- Source: Universal Express Inc.
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