Business Services Industry

Pittsburgh Post-Gazette Heard off the Street column.

Knight Ridder/Tribune Business News, July, 2004

By Len Boselovic, Pittsburgh Post-Gazette Knight Ridder/Tribune Business News

Jul. 19--THIS CASE MAY PROVE SEC'S CALL FOR PSYCHOLOGIST IS JUSTIFIED: The Securities and Exchange Commission, overworked and under fire, wants to hire a psychologist to counsel its embattled employees and keep a lid on burnout and stress. But why pay someone when Richard Altomare will do the job for free?

Altomare is chairman, president and chief executive officer of Universal Express, a penny stock concern with the balance sheet to prove it.

New York City-based Universal, which provides services to independently owned postal stores, has rung up losses of $46 million over the years, including a $6.1 million deficit for the nine months ended March 31....

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