الجنوبي
29-09-2006, Fri 5:01 PM
خبر زين ..
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Universal Express Announces Fiscal Year 2006 Improvements
Friday September 29, 7:30 am ET
NEW YORK--(BUSINESS WIRE)--Universal Express Inc. (OTCBB: USXP - News), announced today that its financial reports for its fiscal year ending June 30, 2006, have substantially improved over its June 30, 2005 fiscal year
The overall market capitalization of the Company increased to $89,794,717 for the 2006 fiscal year from $4,693,239 for the 2005 fiscal year.
Total stockholders' equity increased to $4,423,112 for the 2006 fiscal year from $856,865 for the 2005 fiscal year, an increase of $3,566,247, or over 500%.
The Company's working capital equity for fiscal 2006 was $1,312,543 compared with a deficiency of $2,200,428 in fiscal 2005.
Total assets increased to $6,022,150 for the 2006 year from $3,359,292 for the 2005 year, an increase of 180%. Total liabilities decreased by $903,389.
Revenues from the Company's logistics and international shipping businesses increased approximately 100% for the 2006 year compared with the 2005 year.
"We are pleased with the development and growth of all of our businesses. Revenues from our logistics and international shipping business have almost doubled this year compared with last year, as they have in the previous four years, and we anticipate an exponential increase this year and in future years," said Richard Altomare, Chairman and CEO of Universal Express.
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Universal Express Announces Fiscal Year 2006 Improvements
Friday September 29, 7:30 am ET
NEW YORK--(BUSINESS WIRE)--Universal Express Inc. (OTCBB: USXP - News), announced today that its financial reports for its fiscal year ending June 30, 2006, have substantially improved over its June 30, 2005 fiscal year
The overall market capitalization of the Company increased to $89,794,717 for the 2006 fiscal year from $4,693,239 for the 2005 fiscal year.
Total stockholders' equity increased to $4,423,112 for the 2006 fiscal year from $856,865 for the 2005 fiscal year, an increase of $3,566,247, or over 500%.
The Company's working capital equity for fiscal 2006 was $1,312,543 compared with a deficiency of $2,200,428 in fiscal 2005.
Total assets increased to $6,022,150 for the 2006 year from $3,359,292 for the 2005 year, an increase of 180%. Total liabilities decreased by $903,389.
Revenues from the Company's logistics and international shipping businesses increased approximately 100% for the 2006 year compared with the 2005 year.
"We are pleased with the development and growth of all of our businesses. Revenues from our logistics and international shipping business have almost doubled this year compared with last year, as they have in the previous four years, and we anticipate an exponential increase this year and in future years," said Richard Altomare, Chairman and CEO of Universal Express.
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