SOURCE: Universal Express, Inc.

July 03, 2007 12:00 ET

Universal Express CEO Forecasts Strong July 4 Holiday Demand for "Luggage Delivery" Services

Restrictive Air Travel Is Growing Our Luggage Service Revenues, Says USXP Spokesman

NEW YORK, NY--(Marketwire - July 3, 2007) - Universal Express, Inc. (OTCBB: USXP) -- Richard A. Altomare, Chairman and Chief Executive of Universal Express, Inc., a New York and Boca Raton, Fla.-based logistics and transportation company, forecasts the demand among air travelers over the July 4th holiday and summer months for luggage shipping services from its subsidiaries, Luggage Express and Virtual BellHop, will continue to grow up to 30 percent monthly because the appeal of traveling "luggage free" is more affordable, less stressful, time efficient, and more secure than checking bags with the airlines.

"Our luggage shipping businesses are doing extremely well at a growth rate of 20 to 30 percent per month with a 70 percent rate of return among customers using our services. We expect the demand to grow significantly over the July 4 holiday and summer months for our brands, as well as for the other four companies providing 'door-to-door' baggage delivery for air travelers," said Mr. Altomare. "The cost of shipping a bag ahead has become more affordable and travelers can bypass the airlines altogether, many of which are charging fees of $50 to $80 for overweight checked bags and each additional checked bag." Comparatively, for example, his company's Luggage Express charges a $305 rate for round-trip overnight delivery of a 50-pound suitcase from New York to Los Angeles and three-day delivery is about $50.

"With a greater volume of air travelers, our nation's airports are handling 3.1 billion suitcases this year, which is up from 2.7 billion bags in 2006," he said. "As travel becomes more difficult and restrictive, like certain liquids can't be carried onto the flights, our delivery services are becoming more popular. People like shipping their bags ahead because it makes traveling stress-free and hassle-free." There's no lugging a suitcase through the airport, no waiting at crowded luggage carousels, and little risk of lost or misdirected luggage. The Bureau of Transportation Statistics reported 8.02 incidents of American airlines' mishandled luggage per 1,000 passengers in the first quarter 2007, which is up from 6.24 incidents in the period in 2006. "Luggage Express and Virtual BellHop have moved 31 million suitcases and never lost one," he said. Both services provide luggage protection against possible loss or damage by insurance on contents up to a specified amount at no additional charge.

"Shipping bags in advance of a trip is more than a self-convenience, it's a security issue too," he said. "A decline in passenger baggage reduces the prospect of infiltration of terrorist devices in airports or onboard airplanes."

Mr. Altomare's baggage shipping subsidiaries and other companies in the business operate similarly. Their services for pick up and delivery can be booked by phone or online and the baggage is shipped via United Parcel Service, Federal Express or its other freight forwarders. The bags are then tracked and confirmation is provided upon arrival at the traveler's destination.

As the Founder and Chairman of the Coalition for Luggage Security, Mr. Altomare has been urging government officials and the airline industry to discuss alternate means of baggage delivery to vastly reduce the amount of luggage being lost, cut fuel consumption, and eliminate the threat of a luggage bomb destroying an airport.

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:
    Mark Falk
    Universal Express, Inc.
    516-367-6177
    Email Contact