SOURCE: Zunicom, Inc.

March 18, 2008 19:33 ET

Zunicom Announces Future Plans

DALLAS, TX--(Marketwire - March 18, 2008) - Zunicom, Inc. (OTCBB: ZNCM) announced today that management plans to seek investment opportunities through acquisition or combination transactions with businesses that share Zunicom's interest in growth and appreciation of shareholder value.

Management has received several inquiries from shareholders regarding the advisability of Zunicom distributing to shareholders its 2,000,000 shares of common stock of Universal Power Group ("UPG Shares"). The Board has given serious consideration to such a distribution. In reviewing the income tax consequences to both Zunicom and its shareholders, the trading volume in UPG shares, the current market conditions and Zunicom's prospective investment opportunities, the Board has determined that it would not be advisable to distribute the UPG Shares at this time.

About Zunicom, Inc.

Zunicom, Inc. (, through its wholly owned subsidiary, AlphaNet Hospitality Systems, Inc. (, provides business communication services to the hospitality industry. Zunicom owns 2,000,000 shares of the common stock of Universal Power Group, Inc. (AMEX: UPG) that represents 40% of the issued and outstanding shares of UPG common stock as of this date.

Forward-Looking Statement Disclaimer

This release contains a number of forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expresses or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.

Contact Information