wow your right I was up to late and working to hard on doing my dd work sometimes It's best to stop and take a nap or go to bed and start fresh the next day i was very tired last night I apologize and I am sorry for making that mistake to the entire IHUB Board. usxp news reff: put out same news last thursday. i got an email from usxp announcing the same news on sunday 09 24 2006. and i post it.
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From: StockAlerts@scottrade.com View Contact Details Add Mobile Alert To: tgambinokearney@yahoo.com Subject: 'USXP' News -- Universal Express Resolves To Complete Universal J... Date: Sun, 24 Sep 2006 22:53:16 -0400
This email is compliments of Scottrade.com If you would like to remove/change your subscription, please login to Scottrade.com and choose "Stock Alerts" from the left menu. Then click on "Manage Alerts" to alter your current settings News for 'USXP' - (Universal Express Resolves To Complete Universal Jet Acquisition)
Sep 25, 2006 (financialwire.net via COMTEX) -- September 25, 2006 (FinancialWire) Universal Express Inc. (OTCBB: USXP) has begun the second and final phase of the capitalization of its ownership of Universal Jet Aviation.
Universal Jet is Universal Express' general aviation acquisition and is located at Boca Aviation in Boca Raton, Florida.
"From Universal Jet's president, management, piloting staff and maintenance crew, we have patiently struggled to make the many necessary changes to effect growth and profitability," said Richard A. Altomare, chairman and CEO of Universal Express. "This past year and a half has been a roller coaster ride; always fun, at times breathtaking, but we have arrived safely at the end of this final phase."
The changes made during the past year and a half include a reconfiguration and downsizing of the company-owned fleet while simultaneously greatly increasing the company's managed aircraft and growth revenues.
"Having turned the corner, we now see that, with Universal Express' counsel and steady hand, we have created and implemented a sound business model to further the expansion of our alliance with Universal Express," said Michael McCauley, president of Universal Jet Aviation.
The new round of capitalization will include new maintenance facility, expanded captain and copilot staff, and a highly-rarefied internal accounting department.
"This alliance should indicate Universal Express' tenacious resolve, no matter how difficult the task, to complete whatever synergistic acquisitions it pursues aggressively for the benefit of USXP and its stockholders," continued Altomare.
Universal Express terminated its coverage in Investrend Research's unique and pioneering professional analyst program, which facilitates independent analysts to provide financial coverage for shareholders and investors in companies that otherwise would have little or no analyst following. Enrollment in standards-based research is an important measure of a company's commitment to transparency and good governance.
The company's research is now stale.
Enrollment fees for Institutional coverage were $23,400 per annum, and the fees were paid by the company for two years.
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Buyside Magazine has stated that Investrend Research "remains in the vanguard of both standards and independence." ODwyerPR has cited Investrend Research as "exceeding the standards of CFAI-NIRI." The CFA Magazine has cited Investrend and its affiliates as having "strict rules about compensation and full disclosure," which "should go a long way towards ensuring objectivity." Some 70.9% said in a survey at InvestoPedia that a company that enrolls for "legitimate fee-based research is making a positive statement about its investment potential." A survey at Charles Schwab & Co. revealed that 78% of active shareholders now "value research from independent firms over analysts by Wall Street firms with financial ties to the companies they are rating."
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The SEC Advisory Committee on Smaller Public Companies, in its recent final report endorsing company-sponsored research at http://www.sec.gov/info/smallbus/acspc/acspc-finalreport_d.pdf, stated: "the trading markets for public companies are assisted in great measure by the dissemination of quality investment research," noting "a lack of coverage by independent analysts limits shareholders' and prospective shareholders' ability to obtain an informed outsider's perspective on identifying strengths and weaknesses and areas for improvement."
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"Maintain policies that allow company-sponsored research to occur with full disclosure by the research provider as to the nature of the relationship with the company being covered.
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"A lack of coverage by independent analysts limits shareholders' and prospective shareholders' ability to obtain an informed outsider's perspective on identifying strengths and weaknesses and areas for improvement;
"The lack of coverage lessens the entire "mix of information" made available to investment bankers, fund managers and individual investors, which makes markets less efficient; and
"Because analyst reports trigger the buying and selling of shares, the lack of such reports frustrates the formation of a robust trading market."
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