SOURCE: Universal Express, Inc.

May 21, 2007 10:15 ET

Michael Jackson and Universal Express Reach Settlement

Auction to Proceed as Scheduled

NEW YORK, NY -- (MARKET WIRE) -- May 21, 2007 -- Universal Express, Inc. (OTCBB: USXP) today announces Michael Jackson and Universal Express have completed a confidential resolution to the action disputing title to the items being auctioned at the Hard Rock Hotel and Casino in Las Vegas on May 30 and 31, 2007, or by logging on to www.liveauctioneers.com.

"Mr. Jackson is satisfied with the negotiated settlement," stated Raymone K. Bain, Jackson Spokesperson, "and is pleased that some of the proceeds from the auction will be donated to certain charities. As this is a confidential agreement, we will be making no further comments."

"Although the road to auction has been long, we look forward to being able to introduce to the world the glory of the Jackson family and take great pride in the five charities that will benefit from the sale's proceeds," stated Richard A. Altomare, Chairman and CEO of Universal Express.

Items belonging to Mr. Jackson, included in the auction, will be accompanied by written authentication.

About Universal Express

Universal Express, Inc. is a 23-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.

Contact Information

  • Contact Info:

    Mark Falk
    Universal Express, Inc.
    561-367-6177
    Email Contact