USXP Good things still to come.
Wednesday, February 22, 2006 14:32 ET
Universal Express Inc. (USXP) has signed a new investment and advisory contract with Navstar for the creation of a joint venture and a new Mideastern publicly traded company utilizing Luggage Express services throughout the Gulf and surrounding countries. "This unique partnership in the Middle East involves multiple influential leaders and supporters in the region," said Richard Altomare, CEO and Chairman of Universal Express, Inc. "Today we have signed a $40M guarantee with an expected $200M initial investment into our joint venture company," continued Mr. Altomare.