Post by USXP Shareholder on Dec 15, 2005 15:23:19 GMT -5
Universal Express to Purchase 100 MM Euro Contract
12/08/2005 08:30
Universal Express Inc. (OTCBB: USXP), announced today it has come to an agreement with Astro Datensysteme AG (www.astro.de), and Astro's United States sister company Security IT Vision, Inc. (SECITV) located in California and Germany to the joint development of an existing Astro technology. One of these projects will be located in the United States and one will be internationally based, with numerous additional locations being considered. The international project will have a contract guaranteeing over 100,000,000 Euro. Universal Express will be licensed to use the Astro Datensysteme AG identification system for use overseas and in the United States. These two projects alone should gross over 240 million in equivalent euro dollar revenues.
Additional contracts with foreign governments are expected to follow, along with various exclusive contracts and governmental guarantees. SECITV has also embarked on an exclusive fingerprint, identification and cutting edge BioSmart card technology product for Luggage Express and Universal Express's postal association members in North America.
"Initially, we approached Astro Datensysteme AG to differentiate and augment the security of our Luggage Express business. By contracting with them, our goal was to enhance their identification business, generate an American presence and to assist Universal Express in its profitability and International awareness; making it a win-win for all involved," said Richard Altomare, CEO and Chairman of Universal Express, Inc.
"Universal Express will initially invest 5.5 MM Euro over time to realize the rights to this overseas contract, and based on governmental guarantees will have access to 100% of the cash flow and to a majority of the profits of both projects from SECITV. Obviously, the technological, financial and administrative advantages of this alliance should add to our ability to qualify for larger acquisitions 'and in time' another potential trading venue," concluded Mr. Altomare.
Balmoral Financial Services Companies, with headquarters in Ohio, has and is continuing to assist Universal Express in this transaction.
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
About SECITV
Security IT Vision, Inc. a Nevada corporation. (www.secitv.com) is a sister company of Astro Datensysteme AG (www.astro.de) which is a major International accredited Biometrics technology provider. Astro was the first company in the market which brought biometrics security to a commercial success. Their partner list includes fortune 100 companies worldwide.
About Balmoral
Balmoral is a niche financial services company which has been in operation since 1986. Balmoral provides private entrepreneurs and public companies M & A, Bank Guarantees, Documentary Credit, International Promissory Notes, and PIPE financing. Balmoral works in 20 countries with five satellite offices with financial institutions in Emerging Markets like Eastern Europe and the Former Soviet Union (FSU) and places these transactions with American Companies. (www.balmoralfinancial.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.
www.usxp.com/companies/universal/pr/
12/08/2005 08:30
Universal Express Inc. (OTCBB: USXP), announced today it has come to an agreement with Astro Datensysteme AG (www.astro.de), and Astro's United States sister company Security IT Vision, Inc. (SECITV) located in California and Germany to the joint development of an existing Astro technology. One of these projects will be located in the United States and one will be internationally based, with numerous additional locations being considered. The international project will have a contract guaranteeing over 100,000,000 Euro. Universal Express will be licensed to use the Astro Datensysteme AG identification system for use overseas and in the United States. These two projects alone should gross over 240 million in equivalent euro dollar revenues.
Additional contracts with foreign governments are expected to follow, along with various exclusive contracts and governmental guarantees. SECITV has also embarked on an exclusive fingerprint, identification and cutting edge BioSmart card technology product for Luggage Express and Universal Express's postal association members in North America.
"Initially, we approached Astro Datensysteme AG to differentiate and augment the security of our Luggage Express business. By contracting with them, our goal was to enhance their identification business, generate an American presence and to assist Universal Express in its profitability and International awareness; making it a win-win for all involved," said Richard Altomare, CEO and Chairman of Universal Express, Inc.
"Universal Express will initially invest 5.5 MM Euro over time to realize the rights to this overseas contract, and based on governmental guarantees will have access to 100% of the cash flow and to a majority of the profits of both projects from SECITV. Obviously, the technological, financial and administrative advantages of this alliance should add to our ability to qualify for larger acquisitions 'and in time' another potential trading venue," concluded Mr. Altomare.
Balmoral Financial Services Companies, with headquarters in Ohio, has and is continuing to assist Universal Express in this transaction.
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
About SECITV
Security IT Vision, Inc. a Nevada corporation. (www.secitv.com) is a sister company of Astro Datensysteme AG (www.astro.de) which is a major International accredited Biometrics technology provider. Astro was the first company in the market which brought biometrics security to a commercial success. Their partner list includes fortune 100 companies worldwide.
About Balmoral
Balmoral is a niche financial services company which has been in operation since 1986. Balmoral provides private entrepreneurs and public companies M & A, Bank Guarantees, Documentary Credit, International Promissory Notes, and PIPE financing. Balmoral works in 20 countries with five satellite offices with financial institutions in Emerging Markets like Eastern Europe and the Former Soviet Union (FSU) and places these transactions with American Companies. (www.balmoralfinancial.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.
www.usxp.com/companies/universal/pr/