SOURCE: PC Universe, Inc.

September 26, 2007 08:00 ET

PC Universe Updates Shareholders on 2007 Annual Shareholder Meeting

BOCA, FL--(Marketwire - September 26, 2007) - PC Universe, Inc. (PINKSHEETS: PCUV), a direct marketer and value-added reseller ("VAR") of information technology ("IT") products and services, announced the approval of 3 new board members as well as the 2007 Stock Incentive Plan at the 2007 annual shareholder meeting that took place on September 12th, 2007. Gary Stern, Chairman and Co-founder of PC Universe, commented, "Our new board members bring with them a high level of experience, expertise and integrity. We are excited to welcome them to our organization." The three new board members include Dean J. Rosenbach, Randall N. Paulfus, and Victor Grillo, and a short biography of the new board members follows:

Mr. Rosenbach is a retired board certified civil trial lawyer who practiced law for 26 years in Palm Beach County, Florida. Still a member of the Florida Bar, he has served on the boards of two community banks, Prime Bank, and Palm Beach County Bank, both of which were sold successfully to larger institutions. He has served on loan, audit, and executive compensation committees. Mr. Rosenbach also continues to serve on the board of directors and executive committee of the Jewish Federation of Palm Beach County, a major charitable fund raising organization serving Jews while building community in central and northern Palm Beach County. He presently chairs the audit committee of the Jewish Federation.

Mr. Paulfus currently serves as the Chief Financial Officer of Ceramic Protection Corporation, a manufacturer of body and vehicle armor which he joined in June 2007. Prior to this, and since February 1999, Mr. Paulfus was a partner in Tatum, LLC, a financial executive services firm. At Tatum, Mr. Paulfus filled a number of roles as a financial consultant and as an Interim Chief Financial Officer for client companies both private and publicly reporting. Prior to his service at Tatum, and since May 1997, Mr. Paulfus served as Chief Financial Officer of Advanced Electronic Support Products, Inc., an international manufacturer and distributor of electronic connectivity products.

Mr. Grillo has been a marketing entrepreneur and executive for over three decades. From the mid-1970s to the late 1980s, he was a pioneer in marketing and selling personal electronics to major retailers across the United States. Mr. Grillo is a direct marketing expert who develops, markets and sells household products via direct response television commercials. Some of Mr. Grillo's successes include: Ginsu Knives, Auri Car Wax, DiDi Seven Spot Remover, Triple Edge Wiper Blades, Ab Roller, and the Faraday shake flashlight. In 2006, Mr. Grillo sold the distribution rights to Faraday Flashlight to Rayovac. Mr. Grillo is experienced in many areas of business including marketing, distribution, brand building, management, and mergers and acquisitions.

The other major topic approved was the 2007 Stock Incentive Plan, which reserves four million (4,000,000) shares of common stock for issuance under the plan. The purpose of the 2007 Plan is to provide an additional incentive in the form of stock options (both incentive and nonqualified stock options), restricted stock and restricted stock units to selected persons providing services to the Company and/or any 50% or greater owned subsidiary of the Company.

About PC Universe, Inc.

PC Universe is an authorized direct marketer and service provider of over 250,000 IT products from top name brands such as Apple, Canon, Cisco, Citrix, Epson, HP, IBM, Lenovo, Microsoft, Sony, Symantec and Toshiba. As a total technology solutions provider, PC Universe provides professional technical services such as networking design and installation, ongoing network and hardware maintenance, network security analysis, managed services and network monitoring, business continuity planning, disaster planning and recovery, and voice over IP (VoIP).

Since 1995, PC Universe has served the information technology needs of businesses of all sizes, federal, sate and local government entities as well as educational institutions, both public and private. PC Universe currently serves its customers through two website properties, http://www.pcuniverse.com and http://www.patriotpc.us, a fully staffed call center, a direct sales force of industry professionals, and a technical service staff of certified technicians and engineers. PCUniverse.com is ranked by Internet Retailer magazine as one of the Top 500 retail sites on the Internet.

For more information on PC Universe, please visit www.pcuniverse.com

Forward-Looking Statements

This release may contain statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current estimates and projections about PC Universe, Inc.'s business, which are derived in part on assumptions of its management, and are not guarantees of future performance, as such performance is difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Such factors include, but are not limited to, the Company's ability to execute effectively its business plan and acquisition strategy, changes in market activity, the development of new products and services, the enhancement of existing products and services, competitive pressures (including price competition), system failures, economic and political conditions, changes in consumer behavior and the introduction of competing products having technological and/or other advantages. These and other risks are described in the Company's filings with the Securities and Exchange Commission, which should be read in conjunction herewith for a further discussion of important factors that could cause actual results to differ materially from those in the forward-looking statements. The Company assumes no obligation to update information concerning its expectations.

Contact Information

  • Investor Relations Contact
    Investment Strategies
    Luke Short
    Company Consultant
    Investment Strategies, LLC
    Phone - 304-523-3980
    Email - lshort@invstrategies.com