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NEW YORK--(BUSINESS WIRE)--May 8, 2006--Universal Express, Inc. (OTCBB: USXP - News), announced today that its financials for its fiscal nine-month period ending March 31, 2006, have substantially improved over the nine months ending March 31, 2005.
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The overall market capitalization of the Company increased to $111,738,167 for the March quarter compared to $2,973,105 for the December, 2005 quarter.
Revenues from the Company's logistics and international shipping businesses increased 222% for the nine-month period ended March 31, 2006 compared with the 2005 period.
Total stockholders' equity increased $1,613,537 for the period from the stockholders' equity for the 2005 period.
Total assets increased by $1,560,919 for the 2006 nine-month period compared to the 2005 period.
"We are pleased with the development and growth of all of our businesses. Revenues from our logistics and international shipping business have almost doubled in each of the last seven fiscal quarters compared with corresponding quarters. We anticipate similar increases this year and in the years to come", said Richard Altomare, Chairman and CEO of Universal Express.
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
