Universal Express Signs Agreement With Cyphermint, Inc.
Wednesday March 9, 1:05 pm ET
NEW YORK--(BUSINESS WIRE)--March 9, 2005--Universal Express (OTCBB:USXP - News) announced today that its division, Universal Cash Express has partnered with kiosk software developer Cyphermint, Inc. for deployment of their PayCash OneStop® financial kiosk terminal to UniversalPost's network of postal stores.
"Besides being able to offer bill payments, the financial kiosk may offer when appropriate, payday advance, check cashing, money transfer, wireless, long distance, and over 100 gift cards including our newest luggage express gift card. (
www.866shipbags.com/giftcard) The kiosk also allows the merchant to upload, in real-time, funds to the Universal Cash Express Visa Gift Card, empowering the merchants with access to the prepaid debit and transfer card market worth millions of dollars annually," said Brett Hudson, President of Universal Cash Express.
The future of the kiosk industry is now. Companies are finally learning to build the business case for self-service, and deployments are growing as a result. Next steps will be the incorporation of leading-edge technologies like Wi-Fi, RFID, biometrics and electronic advertising.
"This growing and evolving partnership revolutionizes the capabilities of the pre-paid industry. Universal Cash Express fast and easy impulse purchases over a touch screen terminal can generate substantial profits," said Richard A. Altomare.
"Our PayCash OneStop kiosk will enable eCommerce and financial services for merchants who want unparalleled security, scalability and management through self-service and full service applications" said Joe Barboza, President and CEO of Cyphermint."
About Cyphermint
Cyphermint is a provider of Global Electronic Cash Payment and e-commerce infrastructure and integration solutions. Our core technology, PayCash(TM) is used in three major areas: (1) Internet Cash Payment Systems, for secure e-commerce services for the un-banked and emerging consumer market. (2) The PayCash Now(TM) Visa® Debit Prepaid Card. (3) Kiosk Solutions - Cyphermint's kiosk software solutions provide retailers with secure end-to-end integration to kiosk networks and provides existing networks with eCommerce capabilities. Cyphermint's core technology provides consumer's access to financial services such as Internet shopping, bill payment, and check cashing. Cyphermint provides turnkey solutions that deliver secure transactional, financial self-service and merchandising services.
www.cyphermint.comAbout Universal Express
Universal Express, Inc. owns and operates several subsidiaries including Universal Express Capital Corp., (including its USXP Cash Express division) Universal Express Logistics, Inc. (including Virtual Bellhop, LLC and Luggage Express, Universal Express Courier Association) and UniversalPost Network. These subsidiaries and divisions provide the private postal industry and consumers with value-added services and products, logistical services, equipment leasing, and cost-effective delivery of goods and people worldwide.
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.
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