Editor's Corner - April 11, 2007 - Printable Version
- USXP CEO Richard Altomare to appear on The Faulking Truth Show on CFRN
by Mark Faulk Universal Express (OTCBB: USXP) CEO Richard Altomare will be Mark Faulk's special guest on The Faulking Truth on CFRN.net on Friday, April 13, at 10:00 AM EST. Altomare has been an outspoken advocate of stock market reform for several years, and his company is a pioneer in the luggage shipping industry, based on the belief that shipping passengers' luggage separately increases safety in the airline industry, and makes traveling faster and easier. According to Altomare, the advantages include "creating separate lines for 'no luggage' travelers so they can arrive 25 minutes before a flight; different ticket prices for those with suitcases and those having none. Separating passengers from their luggage would unclutter our airports, save taxpayers money, reduce governmental expenses, shorten lines, and eliminate the creation of unnecessary fear into the hearts of Americans - and inevitably it will save lives."
Altomare has also lobbied Congress about what he perceives as rampant fraud in our financial markets, and has sparked both strong support and criticism for his efforts. In a company press release yesterday, which was sent to every member of Congress and others in positions of power in Washington, Altomare details what he calls a "trillion dollar tax fraud" problem perpetrated by naked short selling in the stock market. Here is Altomare's press release in its entirety:
Universal Express Exposes Trillion Dollar Tax Scam
NEW YORK, NY - April 10, 2007 - Universal Express Inc. (OTCBB: USXP) CEO, Richard A. Altomare, today presents estimated tax losses to the United States Treasury of over $1 Trillion Dollars due to naked short selling.
"The facts are simple. Sell a stock you do not own. Push the share price down. Force the Company to fail. The failed stock never has to be purchased, and since there is no mandated buy-in after a company fails; almost everyone loses, the employees, the shareholders and now the Federal Government. It's a tax free way of making money," said Richard A. Altomare, Chairman and CEO of Universal Express, Inc.
"To be more specific, this loophole benefits market makers, hedge funds and maybe even the funding of terrorist cells. Our national debt and the Iraqi war could have been paid for with the elimination of naked short selling or a mandated stock buy-in after shorting."
"Once again I call upon our elected officials to address the problem prior to the SEC's efforts to pretend they're fixing a broken system. As they attempt to silence those of us who speak the truth, I ask you to examine the profits, the bonuses and the salaries of those stealing not only from individual companies, but from every hard working American taxpayer," continued Mr. Altomare.
"With all those in Congress looking for an issue worth supporting, how about documented tax fraud in the trillions?"
"Courage is required and our Country and American investors have been stolen from far too long. Where are those real leaders worth following?"
"I'm tired of hearing how much money a candidate raises. Let's rally behind one who shines a light on a practice that is raising our National Debt, raising our taxes, and raising our cost of living," concluded Mr. Altomare.
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
To listen to this Friday's Faulking Truth show at 10:00 AM EST with Mark Faulk and guest Richard Altomare, go to www.cfrn.net, or to downlad the show afterwards, go to www.streetiq.com
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