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Richard A. Altomare

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This is a page dedicated to get more information for investors to evaluate the management style of Richard A. Altomare who is a Chairman of Universal Express.

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User comments

 
Luca [2008-05-02]
today is karma day read more
Mike in Nevada [2007-05-26]
22 million dollar judgement against him and his company for securities fraud. Good Job Richard !!
Reynaldo [2007-06-25]
Mr. Altamore this is real....I read in hotstocked....< br />
a company with no business basically, a company with a CEO, nicknamed âœMr. Scammer❠and his company to be nicknamed âœThe Suing Machine.⠝ A company with the only way to go - straight to hell. Four letters ⓠUSXP ⓠmay say everything what it needs to be said. Unwinnable lawsuits, which do not make any sense at all, auctions to be held with mindboggling prices. Now this company has nothing left after disastrous auction they held to expect some money injection. USXP is a tiny mouse in the share market and hardly can bite to rivals like FedEx, Ryder System. For this occasion USXP has to find other ways to get cash flowing into their account. They are forced to sue companies fundamentally with no serious reason, make auctions with far-fetched prices. As of March 31, company had a total of $11 million dollars in cash. This balance seems fairly positive as they are only $3,297,511 in debt. For sure, we are very doubtful with these figures. The trend? The chart looks absolutely catastrophic, as the stock is crushing down with the current price per stock to be priced at $0.0005. On the whole their business is having tough times. Having played with such extreme rules, we reckon this company is doomed to failure and is about to join other companies along on the way to Hell. This is a page dedicated to get more information for investors to evaluate the management style of Brett Hudson who is a Director of USXP Cash Express division of UNIVERSAL EXPRESS.
 

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Here is a copy of personal Bio that we found:
Name: Richard A. Altomare
Age: 60
RICHARD A. ALTOMARE. Mr. Altomare, is the Chairman and Chief Executive Officer of Universal Express (USXP). Universal, with its wholly owned subsidiary the UniversalPost Network is a leader of the $7 billion private postal industry. Its division, the UniversalPost International Courier System is engaged in international shipping. Prior to Universal Express, Mr. Altomare was an investment banker specializing in real estate, bankruptcy reorganizations and equipment transactions. Mr. Altomare also owned and operated professional sports teams. He served in the U.S. Marine Corps. and U.S. Army specializing in communications and intelligence. Mr. Altomare attended Adelphi and Hofstra University and has been a political candidate for U.S. Congress and served on numerous corporate Boards.
« Richard C. Meisenheimer Randall L. Attkisson »
   
   
Company name Officer position Pay Exercised
Universal Express Chairman, Chief Exec. Officer, Pres, Chief Financial Officer and Chief Accounting Officer $ 650.00K $ 0
   
 
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