SOURCE: Universal Express, Inc.

August 29, 2007 10:19 ET

Universal Express Sues Florida Landlord for Damages Over $1,400,000

NEW YORK, NY--(Marketwire - August 29, 2007) - Universal Express Inc. (OTCBB: USXP) today filed a lawsuit against one of its Florida landlords for loss of basic services, overcharging of maintenance expenses, damage to its corporate signage, loss of the sign's advertising benefits, believed overcharging of rentable square footage and failure to perform landlord responsibilities under the lease.

"This lawsuit is a direct result to an improperly written news article and hastily filed and then withdrawn landlord lawsuit. Our company, which has been regularly inconvenienced during the past year of landlord construction, had not missed its monthly rents for over 6 years of our lease. That one day landlord lawsuit was mean spirited and untruthful, but it was an attempt to ingratiate the landlord with interfering and meddling SEC agents," stated Richard A. Altomare, Chairman and CEO of Universal Express, Inc.

"The SEC overstepped once again its role by attempting to interfere with the Company's business activities, as it has many times in the past. The Company's whistle blower posture on the national scandal of naked shorting seems to be causing the SEC undo concern," stated Mr. Chris Gunderson, Universal Express General Counsel.

"Universal Express is involved in a historical Naked Short Selling constitutional legal issue against the SEC. Any further SEC corporate interference will be met rigorously and presented to the appellate court, as well as the United States Court of Claims," concluded Mr. Gunderson.

"Universal Express has not interfered in the hasty departures, early retirements and denials of the naked shorting scandal by SEC employees during our courageous stand against the SEC. The SEC has repeatedly attempted to interfere with acquisitions and the day to day operation of our Company. This recent tortuous interference with our landlord speaks volumes regarding the SEC's concerns at our obtaining our constitutionally guaranteed jury trial on naked shorting. Our immediate corporate efforts will concentrate on confronting the SEC's claims against our Company which are a smokescreen to the real issues of this case. We remain confident that an objective appellate court will allow the issue of naked short selling and the SEC's unchecked abuse of power to be tried by a Jury of American Citizens," concluded Mr. Altomare.

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.
    561-367-6177
    Email Contact