| Press Release | Source: Universal Express, Inc. |
Transportation Security White Paper Generates $16bil: Universal Express -USXP- Proposal Enhances Security Favoring Taxpayers, Travelers, Airlines
Monday October 20, 12:45 pm ET NEW YORK--(BUSINESS WIRE)--Oct. 20, 2003--Transportation logistics company, Universal Express, Inc. (OTCBB:USXP - News), has prepared a Transportation White Paper for members of the House and Senate and Congressional staff, Department of Commerce, and Transportation Security Administration staff. The White Paper "More Security, Less Hassle for American Travelers: A Private Sector Solution for the Airline Industry" proposes enhancements to Homeland Security. It is expected to generate $16 billion annually transporting luggage for travelers and saving $1.4 billion in baggage screening and $4 billion in labor costs. Universal Express CEO Richard Altomare will personally disseminate his White Paper on Capitol Hill Tuesday October 21. The White Paper plan resolves shortfalls in the Aviation and Transportation Security Act. It specifically addresses the costs of moving airline passengers' luggage and the inherent major security problems associated with transporting baggage. "The airline industry transports nearly three times more bags than passengers. Clearly identifiable cost savings occur when a traveler arrives at the airport with luggage and another traveler sends his luggage ahead using a separate carrier. The White Paper that I am presenting tomorrow reveals detailed plans involving the supplemental and unique utilization of functioning organizations and operations. Implementation of our proposal will save money for taxpayers, Homeland Security, travelers and the travel industry," states Mr. Altomare. Altomare will present his plan on Capitol Hill Tuesday October 21.
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