Newsbits


Friday November 6, 8:59 am Eastern Time
Company Press Release

Corporate Profile for U-Ship, Inc., dated Nov. 6, 1998

--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services.


Published Date:   Nov. 6, 1998



Company Name:     U-Ship



Address:          5583 West 78th Street

                  Edina, MN 55439



Main Telephone

 Number:          612/941-4080

                  800-433-1066



Internet Home

 Page Address

  (URL):          (Active 12/15/98) www.uship.com



Chief Executive

 Officer:         Peter Lytle



Chief Financial

 Officer:         Tim Becker



Investor Relations

 Contact:         Terry Johnson

 Business number: 612-941-4080 ext.100

 Home number:     612-873-2318



 e-mail address:  n/a



Public Relations

 Contact:         Joan Knight

 Business number: 612-593-1508

 Home number:     n/a

 e-mail address:  n/a



Trading Symbol/

 Exchange:        Nasdaq/USHP



Industry:         Shipping/Courier & Kiosk Manufacturing



Market Makers:    n/a



Company description: U-Ship Inc., Doing Business As: United Shipping and Technology, Nasdaq listing (USHP). The company has two divisions: The Intelligent Kiosk Company (IQK) and Advanced Courier Services, Inc. (ACS).

IQK is the company's technology arm. It produces state-of-the-art, automated package shipping kiosks for major shippers, couriers, mailrooms and ACS as well as kiosks for non-shipping clients utilized for retail sales, training and information management. IQK also develops software and hardware for the courier industry. The world kiosk market is growing at a 30% to 40% annual rate. Sales are projected to reach $3 billion by 2002.

ACS is the company's courier division. It is in the process of creating a value added consolidation of the courier industry. ACS is acquiring mid size couriers and consolidating them in metro markets in the United States. The company's IQ(k) technology is being employed to provide ACS with significant barrier to entry by the competition. The company plans to franchise its brand name and technology and is seeking to become a dominant player in the industry. Market sizes for the industry range from 7 to 15 billion dollars depending on category and is growing at a rate of 4% to %5 per year.


Contact:
     U-Ship




Newsbit furnished by:


A: NetShift Software Ltd.
A: Hughenden Yard, Marlborough, Wilts,SN8 1LT, UK
T: +44 (0)1672 511 094
F: +44 (0)1672 511 078
E: Anna@netshift.com
W: www.netshift.com

Thanks Anna!


Thanks Kinetic!

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