STRATEGIC PARTNERS
January 1, 2002
NEW YORK -- The Postal Business Center Network, a subsidiary of Universal Express, Inc., has signed an agreement with E*TRADE Access Inc., a wholly-owned subsidiary of E*TRADE Group Inc. (NYSE: ET), to provide PBC Network members with ATM machines and services.
PBC Network and E*TRADE Access will market the ATM program to PBC Network's member stores through permission-based e-mailing and outcalling.
"The independent postal services industry is a market that matches well with E*TRADE ATM customers. The PBC Network opens an opportunity to develop a new distribution channel to that market, expand our U.S. locations and drive customers to PBC Network stores," said Doug Steck, president and general manager of E*TRADE Access.
Universal operates several other subsidiaries in logistics and International shipping (WorldPost). Its association of private postal stores (PBC) provides support services such as financing and mortgages and numerous other programs to its members.
