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wkn 920232
Universal Express -USXP- Expands Relationship with Q Comm International -QMM-
BusinessWire, Monday, August 04, 2003 at 10:10
NEW YORK--(BUSINESS WIRE)--Aug. 4, 2003--Universal Express, Inc.
(OTC BB:USXP) announced today that its subsidiary Universal Express
Capital Corp., through its Universal Cash Express division, is
expanding its agreement with Q Comm International, Inc. (AMEX:QMM), to
include the activation of Universal Cash Express` floral GiftCard. Q
Comm is a business services company focusing on the electronic
distribution of prepaid wireless airtime, on-the-spot prepaid
MasterCards, and other prepaid services.
The Universal Cash Express floral GiftCard program, for which
Universal is the exclusive provider, is a natural tie-in with Q Comm,
as it provides a new and unique pre-paid product with tremendous
revenue potential.
"While we have been excited about our relationship with Q Comm
from the very beginning, the synergy that our floral GiftCard program
brings to the table is extremely powerful. We are in the process of
launching our Q Comm Point-of Sale Activation (POSA) terminal reseller
program as a low-cost, high-revenue business opportunity, and now, in
addition to the many financial services that our resellers are already
able to offer the storeowner, they can now offer floral products as
well, while maintaining no floral inventory, " stated Mr. Brett Hudson
of Universal Cash Express.
Through another Universal Express, Inc., subsidiary, WorldPost
Network, an association that offers revenue generating products and
services to a network of thousands of private postal stores, Q Comm
also finds a built-in market for this new product
"We were already preparing to offer the Q Comm product to the
private postal stores. Now, whether through a reseller or sold
directly, the Q Comm POSA has greater value than ever to the private
postal storeowner and, therefore, to the reseller. About 150 to 300
people visit each of the private postal stores every day," adds Bruce
Turiansky of WorldPost. "That`s a great deal of exposure for Q Comm,
Cash Express and the other financial products included in this robust
program."
"We are pleased to be working with Q Comm," said Richard A.
Altomare, Chairman and CEO of Universal Express. "The Universal Cash
Express floral GiftCard program attached to the Q Comm expanding
library of prepaid products provides significant innovation in the POS
card industry. We look forward to more innovative developments within
the Cash Express division and a mutually prosperous relationship with
Q Comm."
Universal Express, Inc. owns and operates several subsidiaries
including Universal Express Capital, Universal Express Logistics
(including VirtualBellhop, WorldPost and Luggage Express) and
WorldPost, The Private Postal Network. These subsidiaries provide the
private postal industry and consumers with value-added services and
products, logistical services, equipment leasing, and cost-effective
delivery of goods worldwide.
More information and website locations are available at
www.usxp.com
.
ABOUT Q COMM INTERNATIONAL:
Established in 1992, Q Comm International provides proprietary
prepaid transaction processing and information management systems that
facilitate electronic recharge or distribution of prepaid products
from service providers or their distributors to retail points of sale.
Q Comm`s solutions replace traditional hard cards (also known as
scratch cards or vouchers) that are costly to distribute, and provide
more comprehensive reporting and inventory management among other
benefits. In concert with its proprietary data center platform, Q
Comm`s point-of-sale terminal, Qxpress 200(TM), is currently used by
wireless carriers or mobile operators, telecom distributors, and
various retailers to sell a wide range of prepaid products and
services including prepaid wireless or prepaid mobile, prepaid phone
cards, prepaid dial tone and prepaid bank cards, such as prepaid
MasterCard. Visit
www.qcomm.com
for more information.
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.
CONTACT: Equitilink
Ron Garner, 877-788-1940
SOURCE: Universal Express, Inc.
Companies or Securities discussed in this article:
Symbol Name
BB:USXP Universal Express (BB)
Universal Express -USXP- Expands Relationship with Q Comm International -QMM-
BusinessWire, Monday, August 04, 2003 at 10:10
NEW YORK--(BUSINESS WIRE)--Aug. 4, 2003--Universal Express, Inc.
(OTC BB:USXP) announced today that its subsidiary Universal Express
Capital Corp., through its Universal Cash Express division, is
expanding its agreement with Q Comm International, Inc. (AMEX:QMM), to
include the activation of Universal Cash Express` floral GiftCard. Q
Comm is a business services company focusing on the electronic
distribution of prepaid wireless airtime, on-the-spot prepaid
MasterCards, and other prepaid services.
The Universal Cash Express floral GiftCard program, for which
Universal is the exclusive provider, is a natural tie-in with Q Comm,
as it provides a new and unique pre-paid product with tremendous
revenue potential.
"While we have been excited about our relationship with Q Comm
from the very beginning, the synergy that our floral GiftCard program
brings to the table is extremely powerful. We are in the process of
launching our Q Comm Point-of Sale Activation (POSA) terminal reseller
program as a low-cost, high-revenue business opportunity, and now, in
addition to the many financial services that our resellers are already
able to offer the storeowner, they can now offer floral products as
well, while maintaining no floral inventory, " stated Mr. Brett Hudson
of Universal Cash Express.
Through another Universal Express, Inc., subsidiary, WorldPost
Network, an association that offers revenue generating products and
services to a network of thousands of private postal stores, Q Comm
also finds a built-in market for this new product
"We were already preparing to offer the Q Comm product to the
private postal stores. Now, whether through a reseller or sold
directly, the Q Comm POSA has greater value than ever to the private
postal storeowner and, therefore, to the reseller. About 150 to 300
people visit each of the private postal stores every day," adds Bruce
Turiansky of WorldPost. "That`s a great deal of exposure for Q Comm,
Cash Express and the other financial products included in this robust
program."
"We are pleased to be working with Q Comm," said Richard A.
Altomare, Chairman and CEO of Universal Express. "The Universal Cash
Express floral GiftCard program attached to the Q Comm expanding
library of prepaid products provides significant innovation in the POS
card industry. We look forward to more innovative developments within
the Cash Express division and a mutually prosperous relationship with
Q Comm."
Universal Express, Inc. owns and operates several subsidiaries
including Universal Express Capital, Universal Express Logistics
(including VirtualBellhop, WorldPost and Luggage Express) and
WorldPost, The Private Postal Network. These subsidiaries provide the
private postal industry and consumers with value-added services and
products, logistical services, equipment leasing, and cost-effective
delivery of goods worldwide.
More information and website locations are available at
www.usxp.com
.
ABOUT Q COMM INTERNATIONAL:
Established in 1992, Q Comm International provides proprietary
prepaid transaction processing and information management systems that
facilitate electronic recharge or distribution of prepaid products
from service providers or their distributors to retail points of sale.
Q Comm`s solutions replace traditional hard cards (also known as
scratch cards or vouchers) that are costly to distribute, and provide
more comprehensive reporting and inventory management among other
benefits. In concert with its proprietary data center platform, Q
Comm`s point-of-sale terminal, Qxpress 200(TM), is currently used by
wireless carriers or mobile operators, telecom distributors, and
various retailers to sell a wide range of prepaid products and
services including prepaid wireless or prepaid mobile, prepaid phone
cards, prepaid dial tone and prepaid bank cards, such as prepaid
MasterCard. Visit
www.qcomm.com
for more information.
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.
CONTACT: Equitilink
Ron Garner, 877-788-1940
SOURCE: Universal Express, Inc.
Companies or Securities discussed in this article:
Symbol Name
BB:USXP Universal Express (BB)
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