Universal Express, Inc., subsidiary Universal Express Capital Corp. announced the appointment of Mr. Brett Hudson as Director of the USXP Cash Express division.
“The addition of Mr. Hudson to the Universal Express Capital management team provides clear focus and valued expertise for the implementation of the USXP Cash Express(TM) card. This division envelops one of the hottest new financial trends, ‘stored value cards’, which have a myriad of applications in place of currency or conventional credit cards” stated David Russell, President of Universal Express Capital. He concludes, “Mr. Hudson’s depth in knowledge and experience within the electronic prepaid card industry will vault USXP Cash Express(TM) to the forefront of this exciting business”
“We continue to advance our visions and corporate objectives with such a talented management addition. Mr. Hudson will have a significant impact on the growth strategies of our USXP Cash Express(TM) division and the integration of these products complimenting our Swiss American product line within the spectrum of companies under the Universal Express umbrella” said Richard Altomare, Chairman and CEO of Universal Express.
“The significant distribution channel provided by the neighborhood retailers that make up the Private Postal Network presents a marketing infrastructure that will clearly impact this huge industry” said Brett Hudson, Director of USXP Cash Express(TM). He continues “Our product offerings are exciting and include ATM Debit Cards, stored value Visa(R) cards, international and domestic money transfers, and electronic payroll alternatives. As USXP Cash Express(TM), these items can be embraced by consumers nationwide and provide valuable revenue sources for USXP Capital as well as the PPN members. The money transfer arena alone is estimated to grow to be a $177 billion annual market by 2006, fueled mostly by residents transferring money back home while working abroad, and the PPN network of over 8,000 locations provides the perfect platform to establish an entity that should give the globally recognized money transfer service companies a run for their ‘money’,” concluded Mr. Hudson.
Mr. Michael Gilbert, President of USXP’s subsidiary Swiss American Financial Corporation, stated “While we presently are concentrating our distribution development around the ethnic retail marketplace in the tri-state area, developing the PPN outlet is a strong complement to our efforts to further our joint product success.”
Universal Express, Inc. owns and operates several subsidiaries including Universal Express Capital, Universal Express Logistics (including VirtualBellhop, WorldPost and Luggage Express) and the Private Postal Network. These subsidiaries provide the private postal industry and consumers with value-added services and products, logistical services, equipment leasing and cost-effective delivery of goods worldwide. More information and website locations are available at [www.usxp.com].