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Twice each month at Noon EST on Sunday, Stockprowler will bring you his latest hot stock pick...free on the Web! Stockprowler uses state of the art technology to look under the rocks and find those little stocks with the potential to make the BIG moves. Stockprowler screens NASDAQ, NYSE, AMEX, and OTC Bulletin Board stocks trading around $3 or under. These stocks offer considerable leverage at minimal cost. It is not uncommon for these stocks to make moves of 30%, 50%, or more. Please read our disclaimer before trading in any stocks mentioned on this Web site. So are you ready? Here's the Stockprowler report for the week of Sunday July 29, 2001: |
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Stockprowler’s
pick this week... The PBC Network is an association formed to create a long overdue and needed profitable partnership between packaging store owners and carriers, similar in theory to FTD. The PBC Network provides storeowners with a variety of cost-effective services and products to increase their profitability, while they still maintain their local identities or franchise loyalties. The PBC Network's goal it to provide consumers nationwide with a feeling of quality assurance when they frequent a PBC Network location. The PBC Network has been formed to create a value-added association among packaging and shipping centers as well as the actual carriers of freight worldwide. Richard A. Altomare, CEO of USXP, stated, “We have positioned Universal Express at the center of an innovative business providing products and services to the private postal industry, serving over 15,000 stores in communities all over America.” PBC Network members are connected to other members and the PBC Network Headquarters via the PBC Web Site (PBCNetwork.com). The PBC Web Site is utilized not only by members but also will be used by the general public. Only one PBC Network store per Zip Code will be accepted, thus creating internal quality control standards.
The Postal Business Center Network.com business model is similar to the successful FTD Florists Network. Universal Express provides quality postal products and network communication services in a $7 billion private postal industry. The company complements various communication and support services to the US Postal Service, FedEx and UPS. Universal Express, Inc. has little competition due to the fact that competitors do not offer the full breadth of services offered by the PBC Network. Universal’s international courier clients include well-known companies like HBO, Microsoft, Intel and Panasonic.
Key to the company’s growth are expansion to packaging, logistics and residential locations. United Parcel Service, Federal Express, American Airlines Cargo and all other carriers, are primarily in the shipping business, and are not concentrating on packaging, business support services, and consumer outlets. A nationwide organized inexpensive packaging network can become a powerful niche player in the global economy. Universal Express has positioned itself to be a player in this lucrative market. Control of the outlets' shipping choices and residential pick-up capability increases company presence and importance.
U.S. Postal Service mail volume has increased over 50% since 1980. During the same period, the U.S. Postmaster General reports that the number of U.S. Post Offices, branches and stations registered a decline. Due to high labor costs of staffing additional facilities and the continuing pressure on the U.S. Congress to reduce government subsidies, such as those provided to the U.S. Postal Service, Universal Express believes it is unlikely that the number of U.S. Post Offices, branches and stations will increase substantially in the foreseeable future. PBC Network stores could contract their services to the Post Office or any International carrier. The company believes that long waiting lines and limited shipping options are commonplace in most U.S. Post Offices, and that in many areas there is a shortage of post office boxes.
In addition, PBC Network Service Centers offer individuals and business customers a variety of personal, business and communications services and merchandise. PBC Network provides store owners with a variety of cost-effective services and products to increase their profitability, while they still maintain their local identities or franchise loyalties. In return for a low monthly membership fee, PBC Network offers an attractive combination of value-added services.
WorldPostNetwork.com, a division of Universal Express, Inc. is the exclusive North American Territory Reseller of the SkyNet Worldwide Express Network. SkyNet Worldwide Express has been a leader in the international shipping industry for the past 25 years. SkyNet is presently the 5th largest express courier in the world, servicing 230 Countries with over 320 worldwide affiliate stations. Currently, this network delivers over 400,000 packages per month worldwide.
On July 26, 2001, Univeral Express, Inc.announced that a jury in the Circuit Court, Dade County, Florida, has awarded USXP a damage verdict after trial of $389 million dollars ($389,000,000) against Select Capital, Ronald G. Williams and Walter S. Kolker for fraud and conversion for failure to honor previous funding commitments and stock manipulation. “We are very grateful to the Dade County jury for vindicating our rights and recognizing the substantial scope and value of our company,” stated Richard A. Altomare, President and CEO of USXP.
“This judgment is final and non-appealable. The company's trial counsel, Arthur W. Tifford, a prominent Miami attorney, will now take the necessary steps toward collection. Tifford has collected judgment monies against these defendants in a number of other cases,” said Chris Gunderson, General Counsel for the company.
“On one level, it is gratifying to
have a judicial system validate what we have been saying since 1998. On
another level, collectibility is huge and now we are able to introduce
professionals to trace the paper trail for collusion, damage culpability
and offshore accounts. This might bring some compliance officers and
insurance companies into this issue of collectibility. We will now allow
the professionals to collect. We have done what we said we would do in
1998 and more.”
Recently, CEO Richard A.
Altomare was interviewed by CEOcast.com, a leading on-line financial
forum. Topics of the discussion included Universal Express's
subsidiaries, PBC Network, and WorldPost.com, the future of Universal
Express, Inc. and their financial and marketing strategies. The audio
replay of the interview with Richard Altomare is currently available at:
http://www.ceocast.com/company.cfm?cid=7234
USXP closed Friday at 4.2 cents on 36,471,300 shares traded. The explosive volume was due to the excellent news regarding the companies recent successful litigation against Select Capital. The jury award, depending on how much is collectable, could give USXP a massive capital infusion that could cause a quantum jump in USXP’s stock price in the coming weeks as news of the windfall spreads on Wall Street. It appeared to us that market makers were heavily shorting selling shares of USXP on Friday with the intention of creating a panic sell on the part of weak hands. When the market makers have the shares they need and are ready to let this go, we could conceivably see a huge run... a 10 bagger is not out of the realm of possibility. Stockprowler Readers are encouraged to visit the Universal Express web site for further information. http://www.usxp.com/Companies/usxp/usxp2.htm.
Stockprowler.com did not receive compensation of any kind from the
company or third parties for writing this report. Readers are urged to
read the company SEC filings and do their own due diligence before
investing in this or any other stock. |
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