Universal Express Capital Signs Master License and Revenue Share Agreement with ForeclosureFreeSearch.com Tuesday , November 04, 2003 08:33 ET NEW YORK, Nov 4, 2003 (BUSINESS WIRE) -- Universal Express, Inc. (OTCBB:USXP) announced today that its subsidiary USXP Capital Corp. and the Universal Cash Express division have executed a definitive agreement with ForeclosureFreeSearch, Inc. (www.foreclosurefreesearch.com) to jointly market, promote and share revenue on internet credit and real estate products to be sold through the new Universal Cash Express (www.universalcashexpress.com) debit card. The parties plan to bundle monthly subscription fees, credit reports, and other value added products with the USXP Capital Cash Express card.
"We plan to introduce value to this growing card market and provide a unique all-in-one package to help consumers understand and improve their credit while being able to purchase goods and services with the USXP card product" stated Brett Hudson of Universal Cash Express. With the strength of the real estate market at peak levels, investors can use these tools to look for and evaluate foreclosure properties on www.foreclosurefreesearch.com., the industry leader in providing information on foreclosure properties. This site is in the top slots for web traffic for its' respective products.
Bradford R. Geisen, the President and CEO of Digital e, parent of ForeclosureFreeSearch, Inc., said "The combination of the credit products and valuation search engine presents a "natural synergy". Consumers can find information on foreclosures which may result in purchasing a property at a substantial discount. Having the USXP card will allow consumers admission to these valuable products at special pricing or with a special access portal on the web."
"One need only look at the web traffic and current sales of the Digital e related entities to note that there is a good opportunity to generate sales as part of our agreement" stated Richard Altomare, Chairman and CEO of Universal Express. The parties expect to begin marketing efforts and other web development shortly.
Universal Express, Inc. owns and operates several subsidiaries including Universal Express Capital Corp. (USXP Cash Express division), Universal Express Logistics, Inc. (The Virtual Bellhop, LLC and Luggage Express) and the WorldPost(TM) Private Postal Network, Inc. These subsidiaries and divisions provide the private postal industry and customers with value-added services and products, logistical services, equipment leasing, and cost-effective delivery of goods worldwide.
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 or products delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
SOURCE: Universal Express, Inc.
CONTACT: Equitilink Ron Garner, 877-788-1940
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KEYWORD: NEW YORK FLORIDA INDUSTRY KEYWORD: BUILDING/CONSTRUCTION REAL ESTATE TRANSPORTATION E-COMMERCE INTERNET MARKETING AGREEMENTS
STOCK SYMBOLS: [(usxp)]
Public Companies Associated with this story: UNIVERSAL EXPRESS INC (OTCBB: USXP)
Knobias Subject Codes Associated with this story: Major Agreements
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