PLAINVIEW, NY: Universal Express has hired Las Vegas-based Stock Enterprises as its first outside investor relations firm.
Stock Enterprises, which provides investor relations support for undervalued public companies, secured the account in late November after two separate meetings with company officials in New York.
The firm plans to initiate a direct mail marketing program for the company before Christmas, as well as solicit Universal Express' stock to brokerage houses and individual stock brokers, said James Stock, president of Stock Enterprises.
Universal Express initiated a reverse stock split last summer, causing many shareholders to dump the stock.
Stock said the reverse caused the company's stock price to decline but left it poised for higher growth.
Universal Express, which trades over-the-counter under the ticker USXP, owns businesses in the packaging, shipping and entertainment industries.