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Description of Business
3 Months Ended
Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Description of Business

NOTE 1 - Description of Business

 

We are an Emerging Growth Company with revenue generating operations. We were formed on June 23, 2017.

 

United Express operates as a general company of transportation and logistics - to deliver merchandises and other items for companies and individuals across the United States. As such, it is difficult to determine the average customer of the Company as the business has the freedom and the ability to effectively arrange for the transportation of any type of merchandise. The Company receives orders for service from companies seeking to move merchandise, as well as, people relocating to different areas. A primary concern for the Company is its ability to quickly respond to customer requests, provide affordable prices for the services, from pick up to drop off. Fluctuations in oil prices have caused the freight and logistic industries costs to increase during last 3 months. In the event of a significant increase in the price of fuel, we will also reasonably increase prices (at a standardized rate of markup) to ensure the profitability of the business. We also provide dispatch services. This involves the Company doing search for transportation providers and connect them to cargo owners based upon delivery requirements, transportation routes, type of shipment, equipment requirements, cargo size, delivery time and price.

 

We also own assets acquired from Jebour Two Limited and its wholly owned subsidiary, Fighting Leagues TV (“Fighting Leagues”), on September 21, 2023, in exchange for 12,380,951 shares of our common stock issued to shareholders of Jebour Two Limited. The acquired assets include a Nevada State Athletic Commission Professional Promoter license, which will allow us to produce live kickboxing, boxing, and mixed martial arts events in the State of Nevada, perpetual and worldwide media rights for 40 previously produced shows, and certain production and staging equipment to be used in producing similar events going forward.

 

The acquisition of the assets of Fighting Leagues, specifically including the promotor’s license, past media rights and production and staging equipment, will allow the Company to assess the viability of promoting such combat sports events in the State of Nevada. Whilst the assets acquired provides the Company the infrastructure and licenses to promote and hold such fights, the Company continues to assess the profitability and time and effort required to hold such events in the State of Nevada since to hold such events requires significant planning and capital and any potential earnings from such events may not be realized for up to 6-9 months. At present we lack the capital resources to plan and hold such events.