From: fresco1@bellsouth.net [fresco1@bellsouth.net
Sent: Friday, March 05, 2004 8:17 AM
Subject: S7-23-03

To Whom It May Concern:

This is a very typical otc bb company that the NASD/SEC is trying to protect by restricting short selling with new rules. OTC BB IS THE MOST SPECULATIVE AREA OF THE STOCK MARKET AND THE NEW RULES ELIMINATE BEARISH BETS?? Makes no sense. These companies are as bad or worse than Enron, Worldcom, Martha Stewart..

BOCA RATON FLORIDA BASED UNIVERSAL EXPRESS (OTC BB USXP) IS THE #1 MOST VOCAL PUBLIC COMPANY ATTACKING NAKED SHORT SELLERS,

VERY IMPORTANT TO NOTE THAT DESPITE DILUTING SHAREHOLDER VALUE VIA OUTSTANDING SHARES OF OVER 650 MILLION SHARES, THE COMPANY TO DATE HAS AN ACCUMULATED DEFICIT OF $43.9 MILLION, TRADES AT 6 CENTS OR 16.6 TIMES BOOK VALUE OF .0036 AT A MARKETCAP OF $40 MILLION. IS IT THE FAULT OF SHORT SELLERS, THE SEC, AND ALL "FUTURE SCAPEGOATS" THAT THIS COMPANY CANNOT MAKE A PROFIT DESPITE THE AMAZING ISSUANCE OF ALL THESE SHARES?? DID THESE SCAPEGOATS FORCE THEM TO PRINT ALL THIS PAPER??

THE LAWSUIT AGAINST THE SEC IS THE MOST REVEALING FACT OF HOW DESPERATE OTC BB COMPANIES CAN BE AS THEY REFUSE TO TAKE RESPONSIBILITY TO DO REAL BUSINESS AND PREFER TO ISSUE PRESS RELEASES AND BLAME OTHERS WHEN THEIR STOCKS DETERIORATE.

3 NEWS ITEMS BELOW THAT SHOW THE TRUTH ABOUT UNIVERSAL EXPRESS:

Webmaster Note: Only titles and links appear for copyrighted material.

1.

Mar 5, 2004 (financialwire.net via COMTEX) -- The U.S. Securities and Exchange Commission is being sued in the U.S. District Court, Southern District of Florida, for harassment and intimidation by Universal Express, Inc. (OTCBB: USXP), in part rising out of athe SEC's investigation into claims that Universal Express has been a victim off naked short selling.

http://www.financialwire.net

2.

10/28/03: (BSNS WIRE) Universal Express Requests Department of Justice Investigate Denv Universal Express Requests Department of Justice Investigate Denver Office Of SE

http://www.businesswire.com

3.

Jan 20, 2004 (financialwire.net via COMTEX) -- The proposed acquisition of North American Airlines by Universal Express (OTCBB: USXP) that came unwound abruptly on November 24 has led to a lawsuit for $160 million.

http://www.financialwire.net