USXP (.0007) Announces Jackson Auction Dividend
Market Wire "US Press Releases "
NEW YORK, NY -- (MARKET WIRE) -- 05/22/07 -- Universal Express Inc. (OTCBB: USXP), today insured the Jackson Family Memorabilia Collection's movement, and it has "left the building" to Las Vegas. We have previously valued the auction estimates from $30,000,000 to $200,000,000.
No one can predict the outcome of this auction, but I thought it prudent to inform our shareholders of the percentages we have budgeted for them. We have estimated a cash dividend of at least 20% of the net proceeds to our shareholders and we have estimated at least 15% of our net proceeds to a buy back of Universal Express' stock on the open market.
There are many factors and collectors which will determine the final results. Yet, at the request of many I thought these percentages needed to be memorialized.
The Charities that will also benefit from this auction are as follows:
St. Jude Children's Research Hospital
Make A Wish Foundation
Boys and Girls Clubs of America
Ronald McDonald House
Save the Children
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.
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For Investor Relations Call:
Mark Falk
Universal Express, Inc.
561-367-6177
Email Contact
Source:
http://biz.yahoo.com/iw/070522/0256216.html
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