NEW YORK–LAWFUEL – Corporate Law US –Universal Express Inc. (OTCBB: USXP), today announced its support, and congratulates Overstock.com and its Chairman, Dr. Patrick Byrne on the filing of its $3.5 billion lawsuit in California against 10 major U.S. Brokerages.
“Universal Express would like to extend its congratulations to Overstock.com and Chairman Dr. Patrick Byrne on its ‘Naked Shorting’ suit. Universal has received judgments in Florida courts of over $700 million against Naked Shorters, and is also contemplating further lawsuits,” said Richard A. Altomare, Chairman and CEO of Universal Express, Inc.
Reference: http://www.forbes.com/business/2007/02/02/naked-short-suit-overstock- biz-cx_lm_0202naked.html
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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.