Universal Power Group Inc. (fka UPGI)

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Renee

06/14/18 5:32 PM

Post #88

UPGI: Shareholders of Universal Power Group, Inc. (UPGI) will receive $2.24 for each share of Universal Power Group, Inc.

FINRA deleted symbol:

http://otce.finra.org/DLDeletions

stocktrademan Free

10/20/14 10:49 AM

Post #87

$UPGI DD Notes ~ http://www.ddnotesmaker.com/UPGI

bullish

$UPGI recent news/filings

## source: finance.yahoo.com

Sat, 18 Jan 2014 15:05:24 GMT ~ Universal Power Group: Is It As Bad As You Think It Is?

read full: http://seekingalpha.com/article/1951841-universal-power-group-is-it-as-bad-as-you-think-it-is?source=yahoo
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Fri, 15 Nov 2013 18:04:26 GMT ~ UNIVERSAL POWER GROUP INC. Financials

read full: http://finance.yahoo.com/q/is?s=upgi
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Mon, 21 Oct 2013 18:30:00 GMT ~ Universal Power Group to Voluntarily Terminate Listing of Its Common Stock on NYSE MKT and Suspend SEC Reporting

[Business Wire] - Universal Power Group, Inc. , a Texas-based distributor and supplier of batteries and related power accessories, and a third-party logistics provider, today announce

read full: http://finance.yahoo.com/news/universal-power-group-voluntarily-terminate-183000997.html
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Fri, 27 Sep 2013 20:36:20 GMT ~ UNIVERSAL POWER GROUP INC. Files SEC form 8-K, Submission of Matters to a Vote of Security Holders

read full: http://biz.yahoo.com/e/130927/upgi8-k.html
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$UPGI charts

basic chart ## source: stockcharts.com

basic chart ## source: stockscores.com

big daily chart ## source: stockcharts.com

big weekly chart ## source: stockcharts.com

$UPGI company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/UPGI/company-info
Ticker: $UPGI
OTC Market Place: OTC Pink No Information
CIK code: 0001372000
Company name: Universal Power Group, Inc.
Incorporated In: TX, USA

$UPGI share structure

## source: otcmarkets.com

Market Value: $9,287,000 a/o Oct 17, 2014
Shares Outstanding: 5,020,000 a/o Aug 09, 2013
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.01
$UPGI extra dd links

Company name: Universal Power Group, Inc.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/UPGI/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/UPGI/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=UPGI+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=UPGI+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=UPGI+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/UPGI/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/UPGI/news - http://finance.yahoo.com/q/h?s=UPGI+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/UPGI/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/UPGI/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/UPGI/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/UPGI/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/UPGI/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/UPGI/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/UPGI/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/UPGI/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=UPGI+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/UPGI
DTCC (dtcc.com): http://search2.dtcc.com/?q=Universal+Power+Group%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Universal+Power+Group%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Universal+Power+Group%2C+Inc.&x=0&y=0

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/UPGI/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/UPGI
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/UPGI/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/UPGI/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/UPGI/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001372000&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/UPGI/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/UPGI/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/UPGI/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/UPGI/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=UPGI&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=UPGI
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/UPGI/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=UPGI+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=UPGI+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=UPGI
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=UPGI
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=UPGI+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/UPGI/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=UPGI+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/UPGI.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=UPGI
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/UPGI/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/UPGI/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/UPGI/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/UPGI/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/UPGI
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/UPGI
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/UPGI:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=UPGI
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=UPGI

$UPGI DD Notes ~ http://www.ddnotesmaker.com/UPGI

Renee

11/12/13 11:45 PM

Post #86

UPG delisted from AMEX to OTC. New ticker UPGI:

http://www.otcbb.com/asp/dailylist_detail.asp?d=11/12/2013&mkt_ctg=NON-OTCBB

willlbone

10/21/13 2:43 PM

Post #85

Today voluntarily delisted. What is the short term play?

MikeDDKing PremiumMember

03/27/12 9:54 AM

Post #84

Re: #83: @MikeDDKing - Universal Power Group Reports Fourth Quarter and Full

I think UPG is through the worst of it's transition. I'm looking forward to what they say in the CC. They had telegraphed that Q4 would be bad.

MikeDDKing PremiumMember

03/27/12 9:51 AM

Post #83

Universal Power Group Reports Fourth Quarter and Full Year 2011 Results

Universal Power Group, Inc. (NYSE Amex: UPG), a Texas-based distributor and supplier of batteries and related power accessories and a third-party logistics provider, today announced financial results for the fourth quarter and full year ended Dec. 31, 2011.

Reflecting ongoing challenges in sourcing which have affected the entire industry, UPG reported a net loss of $0.5 million, or $0.10 per diluted share for the fourth quarter, on net sales of $21.0 million, compared with net income of $0.6 million, or $0.13 per diluted share, on net sales of $24.5 million in the fourth quarter of 2010. For the full year, UPG reported net income of $0.2 million, or $0.04 per diluted share, on net sales of $89.3 million, compared with net income of $2.9 million, or $0.58 per diluted share, on net sales of $107.3 million in 2010.

“In 2011, UPG faced major challenges in our supply chain as factories representing more than 70 percent of China’s sealed lead acid battery factories were closed by the Chinese government over safety and environmental concerns. These closures in turn caused significant delays in securing adequate supplies for our customers,” stated Ian Edmonds, UPG’s President and Chief Executive Officer. “In addressing these issues, we reacted quickly to work through the worst of the supply chain disruptions. Second, we were able to fundamentally transform our supply base from one dependent on a limited number of production facilities in a single country to one with a breadth of suppliers with multiple locations in multiple countries. This transformation will provide UPG with a much stronger foundation to support our growth strategy over the long term.”

Fourth Quarter and Full Year 2011 Results

Net sales for the fourth quarter fell 14.3 percent, to $21.0 million, from $24.5 million in the fourth quarter of 2010. Net sales of batteries and related power accessories to customers other than ADT Security Services and its authorized dealers fell 22.4 percent, to $15.3 million in the fourth quarter of 2011, compared to $19.7 million for the fourth quarter of 2010. Net sales to ADT Security Services and its authorized dealers in the fourth quarter of 2011 were $5.7 million, an increase of approximately 18.9 percent from $4.8 million in the same quarter of the prior year.

The decrease in net sales in the 2011 fourth quarter was primarily driven by a decrease in sales of core batteries and related power accessories resulting from the significant supply chain disruption in China. In May 2011, the government of China implemented a broad-based inspection program for manufacturing facilities dealing with hazardous materials, including lead. As a result of these inspections, the Chinese Ministry of Environmental Protection closed a significant number of plants that had been producing sealed lead acid batteries, and as a result, the entire industry continues to face dramatically increased delivery lead times and shortages of certain products.

Gross profit decreased to $3.8 million in the quarter, compared with $4.9 million in the fourth quarter of 2010, due mainly to the lower sales levels. Operating expenses increased to $4.4 million in the fourth quarter of 2011, from $3.8 million in the fourth quarter of 2010. Legal expenses for the fourth quarter increased as a result of recent litigation between the Company and its former President and CEO. Subsequent to year end, UPG reached a settlement agreement on this action that resulted in the payment of a cash settlement to UPG as well as an injunction prohibiting the Company’s former executives from contacting specific customers and suppliers. Personnel expenses increased as a result of higher non-cash compensation expense recorded with the adjustment of option strike prices approved by the Board in the fourth quarter of 2011. Fourth quarter operating expenses also included the expenses of ProTechnologies, Inc. (PTI), which UPG acquired on April 20, 2011 and which were not included in results for the fourth quarter of 2010.

As a result of softer sales and increased operating expenses, UPG reported an operating loss of $0.6 million, compared to operating income of $1.1 million in the fourth quarter of 2010. Interest expense was $0.1 million in the fourth quarter, resulting in pre-tax loss of $0.7 million for the fourth quarter of 2011, compared to a pre-tax profit of $0.9 million in the prior year. The Company reported a net loss of $0.5 million, or $0.10 per diluted share, compared to net income of $0.6 million, or $0.13 per diluted share in the fourth quarter of 2010.

For the full year of 2011, net sales fell 16.8 percent to $89.3 million, from $107.3 million in 2010. Net sales of batteries, related power accessories and other products to customers other than ADT Security Services and its authorized dealers grew 2.9 percent, to $75.0 million in 2011, compared to $72.8 million for 2010. Net sales to ADT Security Services and its authorized dealers in 2011 were $14.3 million, a decrease of 58.3 percent from $34.4 million in 2010.

Lower net sales contributed to lower gross profit of $17.4 million, or 19.5 percent of net sales, compared to $19.9 million, or 18.6 percent of net sales for the full year of 2010. Total operating expenses increased $1.5 million, or 10.3 percent, to $16.3 million from $14.8 million in the prior year. Operating expenses for 2011 increased as a result of higher personnel, facilities, marketing and trade show costs, as well as the closing costs associated with the acquisition of PTI. Legal costs were also higher due to the expense associated with UPG’s acquisition of PTI, as well as the litigation settled after the end of the year.

For the full year of 2011, UPG reported operating income of $1.1 million and pre-tax income of $0.6 million, compared to operating income of $5.1 million and pre-tax income of $4.5 million in 2010. The decrease in operating income in 2011 was due primarily to decreases in net sales and associated gross profit compared to the prior year, as well as increased operating expenses. Interest expense for 2011 decreased by $113,000 compared to the prior year due primarily to lower average borrowings and more favorable interest rates. UPG reported net income for the full year of 2011 of $0.2 million, or $0.04 per diluted share, compared to net income of $2.9 million, or $0.58 per diluted share in 2010.

Balance Sheet and Financial Position

At Dec. 31, 2011 inventory was $24.2 million, a decrease of $8.7 million, from $32.9 million at Dec. 31, 2010. The decrease was attributable to delays in product shipments from the Company’s China-based suppliers. Although UPG has diversified its supplier base to include factories in China unaffected by the recent inspection program, as well as in other parts of Asia, the inability of the Company’s traditional Chinese sources of supply to satisfy its inventory requirements, as well as shipping delays during the fourth quarter resulted in the depletion of inventory. UPG anticipates that manufacturing delays and extended delivery lead times will begin to stabilize in the first half of 2012, enabling the Company to satisfy backlog orders and rebuild inventory levels.

Accounts receivable increased to $13.0 million, from $10.2 million at the end of 2010. Accounts payable decreased by $0.7 million, to $6.8 million during the period. Total working capital decreased to $19.9 million, from $20.9 million at the end of 2010.

For the full year of 2011, UPG generated net cash from operating activities of $6.7 million, compared to net cash used in operating activities of $2.9 million during 2010. The increase in operating cash flow for 2011 was driven by the significant decrease in inventory, along with an increase in accrued liabilities, which were offset by lower net income, an increase in accounts receivable and a decrease in accounts payable. UPG ended the fourth quarter of 2011 with $0.3 million in cash and cash equivalents, up from $0.2 million at the end of 2010. The outstanding balance on UPG’s line of credit decreased to $12.7 million, compared to $16.3 million at the end of 2010, reflecting the increased cash generated by operations over the period.

Edmonds concluded: “We are proud of our accomplishments in 2011, particularly in light of the many challenges that presented themselves over the course of the year. We successfully integrated our acquisition of PTI and that business is now exceeding our initial expectations in terms of revenues and earnings accretion. We were able to manage the impact of industry-wide supply issues in China, and seize the opportunity to transform our supply chain into a more diversified source of batteries of all chemistries. While we have seen recent improvements in manufacturing lead times and speed of delivery, we anticipate the lingering effects of these supply issues will affect our results in the first half of 2012. We believe we have seen the worst of these issues and expect sequential improvements in our results in the first and second quarters. Once we emerge from these challenges, UPG will have a much stronger and more stable foundation to support the growth of our business.”

Conference Call Information

Universal Power Group will host an investor conference call today, Tuesday, March 27, 2012 at 11:30 a.m. ET (10:30 a.m. CT) to discuss the Company’s financial results for the fourth quarter and full year ended Dec. 31, 2011.

Interested parties may access the conference call by dialing 1.800.884.5695, passcode 69779256. The conference call will also be broadcast live at www.upgi.com and through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson’s individual investor portal. Institutional investors can access a webcast of the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.

A replay of the conference call will be made available through April 4, 2012 by calling 1.888.286.8010, passcode 22446913, and an archived webcast will be available at www.upgi.com. www.upgi.com.

About Universal Power Group, Inc.

Universal Power Group, Inc. (NYSE Amex: UPG) is a leading supplier and distributor of batteries and power accessories, and a provider of supply chain and other value-added services. UPG's product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, jump-starters, 12-volt accessories, and solar and security products. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment and value-added services such as sourcing, battery pack assembly and coordinating battery recycling efforts, as well as product development. For more information, please visit the UPG website at www.upgi.com.

Forward-Looking Statements

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 expressed 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 described from time to time in the Company's filings with the Securities and Exchange Commission. Historical financial results are not necessarily indicative of future performance.

UNIVERSAL POWER GROUP, INC.

CONSOLIDATED BALANCE SHEETS

(Amounts in thousands except share data)

ASSETS

December 31,
2011 2010
CURRENT ASSETS
Cash and cash equivalents $ 283 $ 215
Accounts receivable:
Trade, net of allowance for doubtful accounts of $384 and $657 12,972 10,190
Other 442 26
Inventories – finished goods, net of allowance for obsolescence of $830 and $1,156 24,174 32,894
Current deferred tax asset 1,009 1,564
Income tax receivable 721 —
Prepaid expenses and other current assets 1,426 1,237
Total current assets 41,027 46,126

PROPERTY AND EQUIPMENT
Logistics and distribution systems 1,871 1,834
Machinery and equipment 1,044 991
Furniture and fixtures 511 468
Leasehold improvements 389 408
Vehicles 171 200
Total property and equipment 3,986 3,901
Less accumulated depreciation and amortization (3,128) (2,561)
Net property and equipment 858 1,340

GOODWILL 1,387 —
INTANGIBLES, net 527 —
OTHER ASSETS 100 127
NON-CURRENT DEFERRED TAX ASSET 176 18
2,190 145
TOTAL ASSETS $ 44,075 $ 47,611

UNIVERSAL POWER GROUP, INC.

CONSOLIDATED BALANCE SHEETS (CONTINUED)

(Amounts in thousands except share data)

LIABILITIES AND SHAREHOLDERS’ EQUITY

December 31,
2011 2010
CURRENT LIABILITIES
Line of credit $ 12,654 $ 16,324
Accounts payable 6,845 7,559
Income taxes payable - 26
Accrued liabilities 1,213 456
Current portion of settlement accrual 241 734
Current portion of capital lease and note obligations 119 26
Current portion of deferred rent 14 53
Total current liabilities 21,086 25,178

LONG-TERM LIABILITIES
Settlement accrual, less current portion — 241
Capital lease and note obligations, less current portion 229 25
Total long-term liabilities 229 266

TOTAL LIABILITIES 21,315 25,444

COMMITMENTS AND CONTINGENCIES

SHAREHOLDERS’ EQUITY
Common stock - $0.01 par value, 50,000,000 shares authorized, 5,020,000 shares issued and outstanding 50 50
Additional paid-in capital 16,339 16,076
Retained earnings 6,419 6,205
Accumulated other comprehensive loss (48) (164)
Total shareholders’ equity 22,760 22,167

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 44,075 $ 47,611

UNIVERSAL POWER GROUP, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(Amounts in thousands except per share data)

Three Months Ended December 31, Year Ending December 31,
2011 2010 2011 2010
(unaudited)
Net sales $ 21,010 $ 24,523 $ 89,274 $ 107,257
Cost of sales 17,195 19,588 71,852 87,356
Gross profit 3,815 4,935 17,422 19,901

Operating expenses 4,411 3,810 16,291 14,769

Operating income (loss) (596) 1,125 1,131 5,131

Other income (expense)
Interest expense (114) (244) (568) (681)
Other, net (7) — (7) 2
Total other expense, net (121) (244) (575) (679)

Income (loss) before provision for income taxes (717) 881 556 4,452
Provision for income taxes 220 (248) (342) (1,562)
Net income (loss) $ (497) $ 633 $ 214 $ 2,890
Net income (loss) per share
Basic $ (0.10) $ 0.13 $ 0.04 $ 0.58
Diluted $ (0.10) $ 0.13 $ 0.04 $ 0.58
Weighted average shares outstanding
Basic 5,020 5,007 5,020 5,002
Diluted 5,035 5,022 5,040 5,017

UNIVERSAL POWER GROUP, INC.

(Amounts in thousands)

CONSOLIDATED STATEMENTS OF CASH FLOWS

Years Ended December 31,
2011 2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net income $ 214 $ 2,890
Items not requiring (providing) cash, net of effect of acquisition
Depreciation and amortization 841 809
Provision for bad debts 6 228
Provision for obsolete inventory 461 770
Deferred income taxes 397 107
Loss (gain) on disposal of property 7 (2)
Stock-based compensation 263 85
Changes in operating assets and liabilities, net of effect of acquisition:
Accounts receivable – trade (2,148) 1,022
Accounts receivable – other (415) (12)
Inventories 8,892 (2,687)
Income taxes receivable/payable (747) (673)
Prepaid expenses and other current assets (139) (173)
Accounts payable (1,032) (4,412)
Accrued liabilities 873 192
Settlement accrual (734) (966)
Deferred rent (39) (75)
Net cash provided by (used in) operating activities 6,700 (2,856)

CASH FLOWS FROM INVESTING ACTIVITIES

Net cash paid in Progressive Technologies, Inc. acquisition

(2,268) —
Purchase of property and equipment (59) (135)
Proceeds from sale of equipment 2 2
Net cash used in investing activities (2,325) (133)

CASH FLOWS FROM FINANCING ACTIVITIES
Net activity on line of credit (3,670) 1,149
Exercise of stock options — 39
Payments on capital lease and note obligations (637) (4)
Net cash provided by (used in) financing activities (4,307) 1,184

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 68 (1,844)
Cash and cash equivalents at beginning of year
215 2,059
Cash and cash equivalents at end of year $ 283 $ 215

SUPPLEMENTAL DISCLOSURES
Income taxes paid $ 1,003 $ 2,104
Interest paid $ 568 $ 437

Contact:
Universal Power Group, Inc.
Company Contacts:
Mimi Tan, SVP, 469-892-1122
tanm@upgi.com
or
Investor Relations:
Lambert, Edwards & Associates
Jeff Tryka, CFA, 616-233-0500
jtryka@lambert-edwards.com
or
Karen Keller, 616-233-0500

Penny Roger$ Free

03/26/12 1:00 AM

Post #82

~ Monday! $UPG ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $UPG ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.

http://stockcharts.com/h-sc/ui?s=UPG&p=D&b=3&g=0&id=p88783918276&a=237480049

http://stockcharts.com/h-sc/ui?s=UPG&p=W&b=3&g=0&id=p54550695994

~ Google Finance: http://www.google.com/finance?q=UPG
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=UPG#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=UPG+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=UPG
Finviz: http://finviz.com/quote.ashx?t=UPG
~ BusyStock: http://busystock.com/i.php?s=UPG&v=2

<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=UPG >>>>>>

http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

MikeDDKing PremiumMember

02/15/12 11:50 AM

Post #81

Universal Power Group Launches Adventure Power® Phantom Line of Lithium-Iron Phosphate Powersports Batteries

Alliance with Shorai Inc. Provides New Chemistry for Launch to eTailers, Retailers and Battery Specialists at 2012 Dealer Expo, Booth 4348

Universal Power Group, Inc. (NYSE Amex: UPG), a Texas-based distributor and supplier of batteries and related power accessories, today announced the launch of the Adventure Power® Phantom line of lithium-iron phosphate batteries for motorcycles and the powersports category. UPG also announced a new strategic alliance with Calif.-based Shorai Inc. (Shorai), a manufacturer of lithium iron-based powersports batteries, that will provide the technological expertise required for the development and production of the new Phantom line, which will be marketed by UPG. The companies made the announcement ahead of the Dealernews International Powersports Dealer Expo in Indianapolis, where UPG is introducing the capabilities of its latest, high-performance product line.

Under the terms of its agreement with Shorai, UPG will market a line of lithium iron phosphate-based batteries under the Phantom line, utilizing Shorai’s exclusive and world-leading eXtreme-Rate LiFeP04 cell technology. The lithium-based batteries offer several benefits over traditional lead-acid batteries including:

Advanced LFP cell technology;
Substantial weight reduction – less than 1.5 pounds, or one-fifth the average weight of lead acid batteries;
Carbon composite case designed to military specifications;
The capacity to hold a charge for up to one year without maintenance in most vehicles without a parasitic draw;
Quicker starting, with fast cranking power and fast recharging;
Environmentally conscious attributes, including no hazardous chemicals

“We are pleased to announce the growth of UPG’s Adventure Power series of motorcycle and powersports batteries and our alliance with Shorai, which creates an exciting opportunity to expand the breadth of our offerings,” said Ian Edmonds, UPG’s president and CEO. “This collaboration allows UPG to market new and innovative products to our customers, meeting their unique demands for lightweight and high-performance solutions. Working with Shorai also fits well with our long-term strategy of engaging with partners that have complementary technologies and strengths that we can leverage in our core markets.”

David Radford, President of Shorai Inc., commented, “We are pleased to work with UPG on expanding the reach and acceptance of our leading-edge battery technology beyond our core distribution channel of motorcycle dealers, and to access UPG’s broad distribution base of eTailers, retailers and battery specialists. We see many opportunities to market our advanced battery chemistry and features to meet the needs of motorcycle and powersports enthusiasts around the world, and this agreement will bring us closer to realizing that goal.”

The Phantom line is the latest, high-performance addition to the Adventure Power series, an extensive line of batteries designed for motorcycles, scooters, ATVs, personal watercraft, snowmobiles, and American V-Twins. The new lithium iron-batteries are designed to be a drop-in replacement for all OEM equipment and install in a matter of minutes. In addition, they are designed, engineered and tested in accordance with JASA’s JIS D 5302, the internationally accepted standard for powersports batteries.

UPG is introducing the new Phantom line at Booth 4348 at the Dealernews International Powersports Dealer Expo, which is being held Feb. 17-19 at the Indiana Convention center in Indianapolis. UPG expects the new Phantom line to be available to eTailers, retailers and battery specialists in the second quarter of 2012.

About Universal Power Group, Inc.

Universal Power Group, Inc. (NYSE Amex: UPG) is a leading supplier and distributor of batteries and power accessories, and a provider of supply chain and other value-added services. UPG's product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, jump-starters, 12-volt accessories, and solar and security products. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment and value-added services such as sourcing, battery pack assembly and coordinating battery recycling efforts, as well as product development. For more information, please visit the UPG website at www.upgi.com.

About Shorai

Shorai Inc., located in Sunnyvale, CA, is a manufacturer of lithium iron based power sports batteries. The company was founded in 2010 by technology executive, David J. Radford, and corporate marketing executive, Kevin Riley. Further information regarding the company can be found at www.shoraipower.com.

Forward-Looking Statements

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 expressed 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 described from time to time in the Company's filings with the Securities and Exchange Commission. Historical financial results are not necessarily indicative of future performance.

Contact:
Universal Power Group, Inc.
Company Contact:
Mimi Tan, SVP, 469-892-1122
tanm@upgi.com
or
Media Contact:
Clay Smith, Jr., 214-914-1840
smithcjr@upgi.com
or
Investor Relations:
Lambert, Edwards & Associates
Jeff Tryka, CFA, 616-233-0500
jtryka@lambert-edwards.com

MikeDDKing PremiumMember

01/09/12 9:10 AM

Post #80

Universal Power Group to Showcase New Products at International Consumer Electronics Show

CARROLLTON, Texas--(BUSINESS WIRE)-- Universal Power Group, Inc. (NYSE Amex: UPG), a Texas-based distributor and supplier of batteries and related power accessories, today announced that it will be showcasing a number of new products at the International Consumer Electronics Show (CES) to be held Jan. 10-13 in Las Vegas.

UPG will feature a number of new and enhanced products at the Company’s booth #15522, located at Las Vegas Convention Center, Central Hall. Products on display will include:

Energizer®-branded premium automotive power accessories, including jumpstarters, chargers and maintainers, and inverters
UPG’s Adventure Power® series of batteries for motorcycles and power sport vehicles, including lithium iron phosphate chemistry
The new Ecotricity ECO-1800S solar generator
iPhone power cases and portable back-up batteries that charge iPhones and electronics on-the-go
“Do-It-Yourself” Security Kits that include wireless GSM/SMS RFID alarm systems with cell phone monitoring capabilities

The International CES is owned and produced by the Consumer Electronics Association (CEA), the preeminent trade association promoting growth in the $186 billion U.S. consumer technology industry. CEA represents more than 2,000 corporate members involved in the design, development, manufacturing, distribution and integration of consumer electronics products.

"CES is the largest consumer electronic conference in the world and we view our continued participation as an important element to our growth efforts for the coming year,” said Ian Edmonds, president and CEO of UPG. “As the largest consumer electronic conference in the world, it provides a great opportunity to meet and network with existing and potential partners and familiarize them with our exciting new products and capabilities to meet emerging consumer demand.”

About Universal Power Group, Inc.

Universal Power Group, Inc. (NYSE Amex: UPG) is a leading supplier and distributor of batteries and power accessories, and a provider of supply chain and other value-added services. UPG's product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, jump-starters, 12-volt accessories, and solar and security products. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment and value-added services such as sourcing, battery pack assembly and coordinating battery recycling efforts, as well as product development. For more information, please visit the UPG website at www.upgi.com.

About Energizer

Energizer Holdings, Inc. [NYSE: ENR], headquartered in St. Louis, MO, is one of the world’s largest manufacturers of primary batteries, portable battery-powered devices, and portable flashlights and lanterns. Energizer is a global leader in the dynamic business of providing power solutions with a full portfolio of products including Energizer® brand battery products Energizer® MAX® premium alkaline; Energizer® Ultimate Lithium; Energizer® Advanced Lithium; Rechargeable batteries and charging systems; and portable flashlights and lanterns.

Energizer continues to fulfill its role as a technology innovator by redefining portable power solutions to meet people’s active lifestyle needs for today and tomorrow with Energizer® Energi To Go® chargers for rechargeable portable devices; charging systems for wireless video game controllers; and specialty batteries for hearing aids, health and fitness devices, as well as for keyless remote entry systems, toys and watches. Energizer is redefining where energy, technology and freedom meet to bring to market consumer-focused products that power the essential devices that help people stay connected and on the go at work and at play. Visit www.energizer.com, www.facebook.com/energizerbunny.

Forward-Looking Statements

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 expressed 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 described from time to time in the Company's filings with the Securities and Exchange Commission. Historical financial results are not necessarily indicative of future performance.

Contact:
Universal Power Group, Inc
Mimi Tan, SVP, 469-892-1122
tanm@upgi.com
or
Investor Relations:
Lambert, Edwards & Associates
Jeff Tryka, CFA, 616-233-0500
jtryka@lambert-edwards.com

MikeDDKing PremiumMember

11/09/11 8:52 AM

Post #79

Universal Power Group Reports Third Quarter 2011 Earnings
November 09, 2011 08:00 AM Eastern Time

CARROLLTON, Texas--(BUSINESS WIRE)--Universal Power Group, Inc. (NYSE Amex: UPG), a Texas-based distributor and supplier of batteries and related power accessories and a third-party logistics provider, today announced financial results for the third quarter and nine months ended Sept. 30, 2011.

For the third quarter, UPG reported net income of $0.2 million, or $0.04 per diluted share, on net sales of $25.0 million, compared with net income of $0.9 million, or $0.18 per diluted share, on net sales of $28.3 million in the third quarter of 2010.

“Our results for the third quarter were impacted by decreased sales to our largest customer as well as industry-wide supply disruptions resulting from the closure of a number of battery production facilities throughout China. Even so, UPG continues to be profitable as we work to grow our revenues from core batteries and related power accessories,” stated Ian Edmonds, UPG’s President and Chief Executive Officer. “We are working to mitigate the impact of these factors on future results by shifting some of our manufacturing processes to unaffected areas in China and other parts of Asia. However, we expect a larger impact on fourth quarter sales than we experienced in the third quarter. We have continued the integration of our acquisition of ProTechnologies, and that business is on track to be accretive to our earnings by the end of the year. We are also working on new products for introduction at key industry trade shows over the next few quarters, which gives us renewed optimism as we drive future results.”

Third Quarter and Nine Month Results

Net sales for the third quarter fell 11.6 percent, to $25.0 million, from $28.3 million in the third quarter of 2010. Net sales of batteries and related power accessories to customers other than ADT Security Services and its authorized dealers grew 10.6 percent, to $22.6 million in the third quarter of 2011, compared to $20.4 million for the third quarter of 2010. Net sales to ADT Security Services and its authorized dealers in the third quarter of 2011 were $2.4 million, a decrease of approximately 69.4 percent from $7.9 million in the same quarter of the prior year.

The decrease in net sales in the quarter was primarily driven by the decrease in sales to ADT Security Services and its authorized dealers. This was a result of the integration of Broadview Security into ADT Security Services, following Broadview’s acquisition by Tyco International in May 2010. Net sales in the third quarter were also affected by delays in product shipments from the Company’s China-based suppliers. In May 2011, the government of China implemented a broad-based inspection program for manufacturing facilities dealing with hazardous materials, including lead. As a result of these inspections, the Chinese Ministry of Environmental Protection has since closed a number of plants.

Gross profit decreased to $4.9 million in the quarter, compared with $5.5 million in the third quarter of 2010, due mainly to the lower sales levels. Operating expenses increased to $4.4 million in the third quarter of 2011, from $3.8 million in the third quarter of 2010. The increases in operating expenses included higher facilities costs and personnel expenses, which were largely the result of expenses from ProTechnologies (PTI), which UPG acquired on April 20, 2011. In addition, legal expenses for the third quarter increased as a result of recent litigation.

As a result of softer sales and increased operating expenses, UPG reported a decrease in operating income to $0.6 million, from $1.6 million in the prior year. Interest expense was $0.2 million in the third quarter, resulting in pre-tax income of $0.4 million for the third quarter of 2011, down from $1.6 million in the prior year. Net income was $0.2 million, or $0.04 per diluted share, compared to net income of $0.9 million, or $0.18 per diluted share in the prior year’s quarter.

For the first nine months of 2011, net sales fell 17.5 percent to $68.3 million, from $82.7 million in the comparable period of 2010. Net sales of batteries, related power accessories and other products to customers other than ADT Security Services and its authorized dealers grew 12.3 percent, to $59.6 million in the first nine months of 2011, compared to $53.1 million for the comparable period of 2010. Net sales to ADT Security Services and its authorized dealers in the first nine months of 2011 were $8.5 million, a decrease of 71.4 percent from $29.6 million in the same period of 2010.

Lower net sales contributed to lower gross profit of $13.6 million, or 19.9 percent of net sales, compared to $15.0 million, or 18.1 percent of sales for the first nine months of 2010. Total operating expenses increased $0.9 million, or 8.4 percent, to $11.9 million from $11.0 million in the prior year. Operating expenses for the first nine months of 2011 increased as a result of higher personnel, facilities and insurance expenses, as well as the closing costs associated with the acquisition of PTI. For the first nine months, legal costs were also higher due to the expense associated with UPG’s acquisition of PTI, as well as recent litigation.

For the first nine months of 2011, UPG reported operating income of $1.7 million and pre-tax income of $1.3 million, compared to operating income of $4.0 million and pre-tax income of $3.6 million in the comparable period of 2010. The decrease in operating income in 2011 was due primarily to decreases in net sales and associated gross profit compared to the prior year, as well as increased operating expenses. Interest expense for the first nine months of 2011 was relatively flat compared to the prior year. UPG reported net income for the first nine months of 2011 of $0.7 million, or $0.14 per diluted share, compared to net income of $2.3 million, or $0.45 per diluted share, in the first nine months of 2010.

Balance Sheet and Financial Position

At Sept. 30, 2011 inventory decreased by $12.6 million to $20.3 million, from $32.9 million at Dec. 31, 2010, as a result of delays in product shipments from the Company’s China-based suppliers. UPG shifted some of its product sourcing to areas in China unaffected by the recent inspection program, as well as other parts of Asia, which created manufacturing and shipping delays in the third quarter that resulted in the depletion of inventory. UPG anticipates that shipments from China and related inventories will begin to stabilize in the first half of 2012, as backlog orders are satisfied and inventory levels are rebuilt.

While accounts receivable increased to $12.1 million, from $10.2 million at the end of 2010, receivables decreased 5.5 percent when compared to the $12.8 million a year ago. Accounts payable decreased by $2.2 million, to $5.4 million during the period. Total working capital decreased to $19.6 million, compared to $20.9 million at the end of the prior year.

For the first nine months of 2011, UPG generated net cash from operating activities of $9.6 million, compared to net cash from operating activities of $0.7 million during the same period in 2010. The increase in operating cash flow for 2011 was driven by the significant decrease in inventory, along with an increase in accrued liabilities, which were offset by lower net income, an increase in accounts receivable and a decrease in accounts payable. UPG ended the quarter with $362,000 in cash and cash equivalents, up from $215,000 at the end of 2010. The outstanding balance on UPG’s line of credit decreased to $9.7 million, compared to $16.3 million at the end of 2010, reflecting the increased cash generated by operations over the period.

Edmonds concluded: “While our results for the third quarter reflect the impact of industry-wide supply issues with our factories in China, we were able to take advantage of the situation to develop new alternative sources in other parts of China and Asia, diversifying our overall supply base. We expect these supply issues to have a continued affect on our results in the fourth quarter and into the first quarter of 2012, but as these issues are resolved, UPG will be in a stronger position to grow.”

Conference Call Information

Universal Power Group will host an investor conference call today, Wednesday, Nov. 9, 2011 at 11:30 a.m. ET (10:30 a.m. CT) to discuss the Company’s financial results for the quarter and nine months ended Sept. 30, 2011.

Interested parties may access the conference call by dialing 1.866.383.7989, passcode 83715229. The conference call will also be broadcast live at www.upgi.com and through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson’s individual investor portal. Institutional investors can access a webcast of the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.

A replay of the conference call will be available through Nov. 15, 2011 by calling 1.888.286.8010, passcode 21196835, and an archived webcast will be available at www.upgi.com.

About Universal Power Group, Inc.

Universal Power Group, Inc. (NYSE Amex: UPG) is a leading supplier and distributor of batteries and power accessories, and a provider of supply chain and other value-added services. UPG's product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, jump-starters, 12-volt accessories, and solar and security products. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment and value-added services such as sourcing, battery pack assembly and coordinating battery recycling efforts, as well as product development. For more information, please visit the UPG website at www.upgi.com.

Forward-Looking Statements

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 expressed 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 described from time to time in the Company's filings with the Securities and Exchange Commission. Historical financial results are not necessarily indicative of future performance.

UNIVERSAL POWER GROUP, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

ASSETS

(Amounts in thousands except share data)

September 30,

2011
December 31,

2010
(unaudited)

CURRENT ASSETS
Cash and cash equivalents $ 362 $ 215
Accounts receivable:
Trade, net of allowance for doubtful accounts of $690 (unaudited) and $657 12,058 10,190
Other 30 26
Inventories – finished goods, net of allowance for obsolescence of $1,640 (unaudited) and $1,156 20,301 32,894
Current deferred tax asset 1,119 1,564
Income tax receivable 308 —
Prepaid expenses and other current assets 2,123 1,237
Total current assets 36,301 46,126

PROPERTY AND EQUIPMENT
Logistics and distribution systems 1,871 1,834
Machinery and equipment 1,044 991
Furniture and fixtures 511 468
Leasehold improvements 389 408
Vehicles 171 200
Total property and equipment 3,986 3,901
Less accumulated depreciation and amortization (2,982 ) (2,561 )
Net property and equipment 1,004 1,340

GOODWILL 1,387 —
INTANGIBLES, net 606 —
OTHER ASSETS 128 127
NON-CURRENT DEFERRED TAX ASSET 526 18
2,647 145
TOTAL ASSETS $ 39,952 $ 47,611

UNIVERSAL POWER GROUP, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)

LIABILITIES AND SHAREHOLDERS’ EQUITY

(Amounts in thousands except share data)

September 30,

2011
December 31,

2010
(unaudited)

CURRENT LIABILITIES
Line of credit $ 9,738 $ 16,324
Accounts payable 5,398 7,559
Income taxes payable 50 26
Accrued liabilities 903 456
Current portion of settlement accrual 421 734
Current portion of capital lease and note obligations 213 26
Current portion of deferred rent — 53
Total current liabilities 16,723 25,177

LONG-TERM LIABILITIES
Settlement accrual, less current portion — 241
Capital lease and note obligations, less current portion 256 25
Total long-term liabilities 256 267

TOTAL LIABILITIES 16,979 25,444

COMMITMENTS AND CONTINGENCIES

SHAREHOLDERS’ EQUITY
Common stock - $0.01 par value, 50,000,000 shares authorized, 5,020,000 shares issued and outstanding 50 50
Additional paid-in capital 16,098 16,076
Retained earnings 6,916 6,205
Accumulated other comprehensive loss (77 ) (164 )
Total shareholders’ equity 22,986 22,167

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 39,966 $ 47,611

UNIVERSAL POWER GROUP, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

(amounts in thousands except per share data)

Three Months Ended

September 30,
Nine Months Ended

September 30,
2011 2010 2011 2010
Net sales $ 25,012 $ 28,304 $ 68,264 $ 82,733
Cost of sales 20,103 22,833 54,657 67,768
Gross profit 4,909 5,471 13,607 14,965

Operating expenses 4,353 3,828 11,880 10,959

Operating income 556 1,643 1,727 4,006

Interest expense (162 ) (36 ) (454 ) (435 )

Income before provision for income taxes 394 1,606 1,273 3,571
Provision for income taxes (211 ) (699 ) (562 ) (1,314 )
Net income $ 183 $ 907 $ 711 $ 2,257
Net income per share
Basic $ 0.04 $ 0.18 $ 0.14 $ 0.45
Diluted $ 0.04 $ 0.18 $ 0.14 $ 0.45
Weighted average shares outstanding
Basic 5,020 5,000 5,020 5,000
Diluted 5,025 5,013 5,029 5,015

UNIVERSAL POWER GROUP, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

(amounts in thousands)

Nine Months Ended September 30,
2011 2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net income $ 711 $ 2,257
Items not requiring (providing) cash, net of effect of acquisition:
Depreciation and amortization 616 571
Provision for bad debts 139 183
Provision for obsolete inventory 540 630
Deferred income taxes (63 ) 77
Gain on disposal of property 7 (2 )
Stock-based compensation 22 47
Changes in operating assets and liabilities, net of effect of acquisition
Accounts receivable – trade (1,366 ) (1,503 )
Accounts receivable – other (4 ) (120 )
Inventories 12,685 (3,569 )
Income taxes receivable/payable (284 ) 128
Prepaid expenses and other assets (863 ) (699 )
Accounts payable (2,479 ) 2,674
Accrued liabilities 521 781
Settlement accrual (554 ) (717 )
Deferred rent (53 ) (68 )
Net cash provided by operating activities 9,575 671

CASH FLOWS FROM INVESTING ACTIVITIES

Net cash paid in Progressive Technologies, Inc. Acquisition
(2,268 ) —
Purchases of property and equipment (59 ) (48 )
Proceeds from sales of equipment 2 2
Net cash used in investing activities (2,325 ) (46 )

CASH FLOWS FROM FINANCING ACTIVITIES
Net activity on line of credit (6,586 ) (2,372 )
Payments on capital lease and note obligations (517 ) (33 )
Net cash used in financing activities (7,103 ) (2,405 )

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 146 (1,779 )
Cash and cash equivalents at beginning of period 215 2,059
Cash and cash equivalents at end of period $ 362 $ 280

SUPPLEMENTAL DISCLOSURES
Income taxes paid $ 975 $ 2,015
Interest paid $ 454 $ 334

Contacts

Universal Power Group, Inc.
Company Contacts:
Mimi Tan, SVP, 469-892-1122
tanm@upgi.com
or
Investor Relations:
Lambert, Edwards & Associates
Jeff Tryka, CFA, 616-233-0500
jtryka@lambert-edwards.com
or
Karen Keller, 616-233-0500

MikeDDKing PremiumMember

08/11/11 9:14 AM

Post #78

Universal Power Group Reports Second Quarter 2011 Earnings
Universal Power Group, Inc. On Thursday August 11, 2011, 8:00 am EDT

CARROLLTON, Texas--(BUSINESS WIRE)-- Universal Power Group, Inc. (NYSE Amex: UPG), a Texas-based distributor and supplier of batteries and related power accessories and a third-party logistics provider, today announced results for the second quarter ended June 30, 2011.

For the second quarter, UPG reported net income of $0.1 million, or $0.02 per diluted share, on net sales of $21.7 million, compared with net income of $0.8 million, or $0.17 per diluted share, on net sales of $28.4 million in the second quarter of 2010.

“Our results for the second quarter reflect a number of challenges that affected our financial results,” stated Ian Edmonds, UPG’s President and Chief Executive Officer. “Despite these factors, we remain focused on driving growth in all parts of our business, and we are making progress through diversification initiatives, including our recent acquisition of Progressive Technologies.”

Second Quarter and Six Month Results

Net sales for the second quarter fell 23.7 percent, to $21.7 million, from $28.4 million in the second quarter of 2010. Net sales of batteries and related power accessories to customers other than ADT Security Services and its authorized dealers grew 14.1 percent, to $20.2 million in the second quarter of 2011, compared to $17.7 million for the second quarter of 2010.

Net sales to ADT Security Services and its authorized dealers in the second quarter of 2011 were $1.5 million, a decrease of approximately 86.1 percent from $10.7 million in the same quarter of 2010. This decline was due to the integration of Broadview Security, which was acquired by Tyco International in May 2010, into ADT Security Services.

Gross profit decreased to $4.4 million in the quarter, compared with $5.1 million in the second quarter of 2010, due mainly to the lower sales levels. Operating expenses increased to $4.0 million in the second quarter of 2011 from $3.7 million in the second quarter of 2010. The increase in operating expenses included $365,000 in expenses attributable to the acquisition of Progressive Technologies (PTI) on April 20, 2011, including $120,000 in closing costs.

Reflecting the lower sales levels, UPG reported a decrease in operating income, to $0.4 million, from $1.4 million in the prior year. Interest expense decreased by $86,000, to $151,000 from $237,000 in the second quarter of 2010, resulting in pre-tax income of $0.2 million for the second quarter of 2011, down from $1.2 million in the prior year. Net income was $0.1 million, or $0.02 per diluted share, compared to net income of $0.8 million, or $0.17 per diluted share in the prior year’s quarter.

For the first six months of 2011, net sales fell 20.5 percent, to $43.3 million, from $54.4 million in the comparable period of 2010. Net sales of batteries, related power accessories and other products to customers other than ADT Security Services and its authorized dealers grew 13.2 percent, to $37.0 million in the first six months of 2011, compared to $32.7 million for the comparable period of 2010. Net sales to ADT Security Services and its authorized dealers in the first six months of 2010 were $6.2 million, a decrease of 71.4 percent from $21.7 million in the same period of 2010.

Lower net sales contributed to lower gross profit of $8.7 million, or 20.1 percent of net sales, compared to $9.5 million, or 17.4 percent of sales for the first six months of 2010. Total operating expenses increased $0.4 million, or 5.6 percent, to $7.5 million from $7.1 million in the prior year. Operating expenses for the first six months of 2011 included $376,000 in PTI acquisition-related expenses.

For the first six months of 2011, UPG reported operating income of $1.2 million and pre-tax income of $0.9 million, compared to operating income of $2.4 million and pre-tax income of $2.0 million in the comparable period of 2010. The decrease in operating income in 2011 was due primarily to decreases in net sales and associated gross profit compared to the prior year. Interest expense for the first six months of 2011 was reduced by approximately $0.1 million due to lower average borrowings reflected by lower inventory levels and lower effective interest rates compared to the prior year. UPG reported net income for the first six months of 2011 of $0.5 million, or $0.10 per diluted share, compared to net income of $1.3 million, or $0.27 per diluted share, in the first six months of 2010.

Balance Sheet and Financial Position

At June 30, 2011, inventory decreased by $3.5 million, to $29.4 million, from $32.9 million at December 31, 2010, despite a $0.6 million increase in inventory from the acquisition of PTI. Accounts receivable increased to $12.3 million, from $10.2 million at the end of 2010. This increase reflects the inclusion of additional accounts receivable from the acquisition of Progressive Technologies, as well as past due payments from a number of customers received after the end of the quarter. Accounts payable increased by $0.2 million, to $7.8 million during the period. Total working capital decreased to $19.7 million, compared to $20.9 million at the end of the prior year.

For the first six months of 2011, UPG generated net cash from operating activities of $2.8 million, compared to net cash from operating activities of $2.1 million during the same period in 2010. The increase in operating cash flow for 2011 reflects decreases in inventory and increases in accrued liabilities, which were offset by lower net income and increases in accounts receivable. UPG ended the quarter with $312,000 in cash and cash equivalents, up from $215,000 at the end of 2010. The outstanding balance on UPG’s line of credit decreased to $16.1 million, compared to $16.3 million at the end of 2010, reflecting the increased cash generated by operations over the period, offset by borrowings used for the acquisition of PTI.

Edmonds concluded, “While our results for the second quarter reflect the challenges of customer concentration, we will continue with our plan to control costs and pursue the growth of our business, with the assurance that we have the strong financial structure necessary to support our efforts.”

Conference Call Information

Universal Power Group will host an investor conference call today, Thursday, Aug. 11, 2011, at 11:30 a.m. ET (10:30 a.m. CT) to discuss the Company’s financial results for the quarter and six months ended June 30, 2011.

Interested parties may access the conference call by dialing 1.800.260.8140, passcode 49178363. The conference call will also be broadcast live at www.upgi.com and through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson’s individual investor portal. Institutional investors can access a webcast of the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.

A replay of the conference call will be made available through Aug. 18, 2011, by calling 1.888.286.8010, passcode 96063143, and an archived webcast will be available at www.upgi.com.

About Universal Power Group, Inc.

Universal Power Group, Inc. (NYSE Amex: UPG) is a leading supplier and distributor of batteries and power accessories, and a provider of supply chain and other value-added services. UPG's product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, jump-starters, 12-volt accessories, and solar and security products. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment and value-added services such as sourcing, battery pack assembly and coordinating battery recycling efforts, as well as product development. For more information, please visit the UPG website at www.upgi.com.

Forward-Looking Statements

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 expressed 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 the Securities and Exchange Commission. Historical financial results are not necessarily indicative of future performance.

UNIVERSAL POWER GROUP, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
ASSETS

June 30,
2011

December 31,
2010
(unaudited)
CURRENT ASSETS
Cash and cash equivalents $ 311,922 $ 215,375
Accounts receivable:
Trade, net of allowance for doubtful accounts of $642,801 (unaudited) and $656,989 12,290,863 10,189,716
Other 27,866 25,607
Inventories – finished goods, net of allowance for obsolescence of $1,515,647 (unaudited) and $1,155,852 29,421,058 32,893,837
Current deferred tax asset 1,460,033 1,564,433
Income tax receivable 617,032 —
Prepaid expenses and other current assets 1,291,126 1,237,047
Total current assets 45,419,900 46,126,015

PROPERTY AND EQUIPMENT
Logistics and distribution systems 1,834,125 1,834,124
Machinery and equipment 1,035,780 991,260
Furniture and fixtures 512,310 467,632
Leasehold improvements 388,586 408,128
Vehicles 171,492 199,992
Total property and equipment 3,942,293 3,901,136
Less accumulated depreciation and amortization (2,826,199 ) (2,561,314 )
Net property and equipment 1,116,094 1,339,822

GOODWILL 1,386,988 —
INTANGIBLES, net 684,416 —
OTHER ASSETS 127,651 127,018
NON-CURRENT DEFERRED TAX ASSET 54,056 17,784
TOTAL ASSETS $ 48,789,105 $ 47,610,639

UNIVERSAL POWER GROUP, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)
LIABILITIES AND SHAREHOLDERS’ EQUITY

June 30,
2011

December 31,
2010
(unaudited)
CURRENT LIABILITIES
Line of credit $ 16,068,126 $ 16,323,528
Accounts payable 7,836,936 7,559,445
Income taxes payable 23,119 25,588
Accrued liabilities 710,368 456,418
Current portion of settlement accrual 599,895 733,540
Current portion of capital lease and note obligations 487,921 25,906
Current portion of deferred rent 8,759 52,672
Total current liabilities 25,735,124 25,177,097

LONG-TERM LIABILITIES
Settlement accrual, less current portion — 241,490
Capital lease and note obligations, less current portion 286,834 25,183
Total long-term liabilities 286,834 266,673

TOTAL LIABILITIES 26,021,958 25,443,770

COMMITMENTS AND CONTINGENCIES

SHAREHOLDERS’ EQUITY
Common stock - $0.01 par value, 50,000,000 shares authorized, 5,020,000 shares issued and outstanding 50,200 50,200
Additional paid-in capital 16,089,929 16,075,771
Retained earnings 6,733,358 6,205,127
Accumulated other comprehensive loss (106,340 ) (164,229 )
Total shareholders’ equity 22,767,149 22,166,869

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

$

48,789,105

$

47,610,639

UNIVERSAL POWER GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)

Three Months Ended June 30, Six Months Ended June 30,
2011 2010 2011 2010
Net sales $ 21,665,287 $ 28,393,923 $ 43,251,928 $ 54,428,718
Cost of sales 17,275,315 23,333,195 34,553,505 44,935,023
Gross profit 4,389,972 5,060,728 8,698,423 9,493,695

Operating expenses 3,992,061 3,657,219 7,527,745 7,130,494

Operating income 397,911 1,403,509 1,170,678 2,363,201

Interest expense (150,798 ) (236,936 ) (291,860 ) (398,296 )

Income before provision for income taxes 247,113 1,166,573 878,818 1,964,905
Provision for income taxes (121,559 ) (323,044 ) (350,587 ) (615,667 )
Net income $ 125,554 $ 843,529 $ 528,231 $ 1,349,238
Net income per share
Basic $ 0.03 $ 0.17 $ 0.11 $ 0.27
Diluted $ 0.02 $ 0.17 $ 0.10 $ 0.27
Weighted average shares outstanding
Basic 5,020,000 5,000,000 5,020,000 5,000,000
Diluted 5,029,463 5,008,976 5,037,020 5,008,976

UNIVERSAL POWER GROUP, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited)

Six Months Ended June 30,
2011 2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net income $ 528,231 $ 1,349,238
Items not requiring (providing) cash, net of effect of acquisition:
Depreciation and amortization 374,586 381,965
Provision for bad debts 93,753 168,341
Provision for obsolete inventory 360,000 420,000
Deferred income taxes 68,128 49,718
Gain on disposal of property (1,500 ) (2,000 )
Stock-based compensation 14,158 31,610
Changes in operating assets and liabilities
Accounts receivable – trade (1,553,933 ) (983,304 )
Accounts receivable – other (1,348 ) (278,541 )
Inventories 3,745,623 3,387,683
Income taxes receivable/payable (642,620 ) (698,654 )
Prepaid expenses and other assets (32,058 ) (20,818 )
Accounts payable (40,181 ) (1,629,551 )
Accrued liabilities 334,958 497,429
Settlement accrual (375,135 ) (479,709 )
Deferred rent (43,913 ) (45,933 )
Net cash provided by operating activities 2,828,750 2,147,474

CASH FLOWS FROM INVESTING ACTIVITIES
Net cash paid in Progressive Technologies, Inc. acquisition

(2,267,601
)
—

Purchase of property and equipment — (34,889 )
Proceeds from sales of equipment 1,500 2,000
Net cash used in investing activities (2,266,101 ) (32,889 )

CASH FLOWS FROM FINANCING ACTIVITIES
Net activity on line of credit (255,402 ) (3,484,595 )
Payments on capital lease and note obligations (210,700 ) (27,188 )
Net cash used in financing activities (466,102 ) (3,511,783 )

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 96,547 (1,397,198 )
Cash and cash equivalents at beginning of period 215,375 2,059,475
Cash and cash equivalents at end of period $ 311,922 $ 662,277

SUPPLEMENTAL DISCLOSURES
Income taxes paid $ 954,383 $ 1,579,341
Interest paid $ 225,128 $ 197,061

Contact:

Universal Power Group, Inc.
Mimi Tan, SVP, 469-892-1122
tanm@upgi.com
or
Investor Relations:
Lambert, Edwards & Associates
Jeff Tryka, CFA, 616-233-0500
jtryka@lambert-edwards.com
or
Karen Keller, 616-233-0500

MikeDDKing PremiumMember

07/28/11 5:09 PM

Post #77

Universal Power Group Announces Date for Second Quarter 2011 Earnings Release and Conference Call
On Thursday July 28, 2011, 4:54 pm

CARROLLTON, Texas--(BUSINESS WIRE)-- Universal Power Group, Inc. (NYSE Amex: UPG), a Texas-based distributor and supplier of batteries and related power accessories and a third-party logistics provider, today announced that it will report its second quarter 2011 financial results before the market opens on Thursday, Aug. 11, 2011.

Universal Power Group will also host an investor conference call on Thursday, Aug. 11, 2011 at 11:30 a.m. ET (10:30 a.m. CT) to discuss its financial results. Interested parties may access the conference call by dialing 1.800.260.8140; passcode 49178363. The conference call will also be webcast live at www.upgi.com and through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson’s individual investor portal. Institutional investors can access the webcast via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.

A replay of the conference call will be made available through Aug. 18, 2011 by calling 1.888.286.8010, passcode 96063143, and an archived webcast will be available at www.upgi.com.

About Universal Power Group, Inc.

Universal Power Group, Inc. (NYSE Amex: UPG) is a leading supplier and distributor of batteries and power accessories, and a provider of supply chain and other value-added services. UPG's product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, jump-starters, 12-volt accessories, and solar and security products. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment and value-added services such as sourcing, battery pack assembly and coordinating battery recycling efforts, as well as product development. For more information, please visit the UPG website at www.upgi.com.

Forward-Looking Statements

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 expressed 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. Historical financial results are not necessarily indicative of future performance.

Contact:

Universal Power Group, Inc.
Mimi Tan, SVP, 469-892-1122
tanm@upgi.com
or
Investor Relations:
Lambert, Edwards & Associates
Jeff Tryka, CFA or Karen Keller, 616-233-0500
jtryka@lambert-edwards.com

MikeDDKing PremiumMember

05/19/11 9:20 AM

Post #76

Universal Power Group Unveils New Corporate Logo
On Thursday May 19, 2011, 8:00 am EDT

CARROLLTON, Texas--(BUSINESS WIRE)-- Universal Power Group, Inc. (NYSE Amex: UPG), a Texas-based distributor and supplier of batteries and related power accessories, today unveiled a new corporate logo and tag line, reflecting its continued efforts to enhance its brand promise and progressive business outlook.

The updated logo utilizes an enhanced color palette to reflect the Company’s continuous power and innovation, as well as its “green” energy initiatives. The tag line has also been updated to “STAY POWERED,” a more concise expression of UPG’s commitment to its customers and business partners.

"I applaud our marketing group for their efforts to create an updated, clean image that reflects UPG’s brand appeal, supports our strategic initiatives and remains true to our core competencies in batteries, related power accessories and supply chain solutions,” said Ian Edmonds, president and CEO of UPG.

The new image and tag line will be incorporated immediately on UPG’s business communications, marketing events and corporate website.

About Universal Power Group, Inc.

Universal Power Group, Inc. (NYSE Amex: UPG) is a leading supplier and distributor of batteries and power accessories, and a provider of supply chain and other value-added services. UPG's product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, jump-starters, 12-volt accessories, solar and security products. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment and value-added services such as sourcing, battery pack assembly, coordination of battery recycling efforts, and product design and development. For more information, please visit the UPG website at www.upgi.com.

Forward-Looking Statements

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 expressed 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. Historical financial results are not necessarily indicative of future performance.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6729767&lang=en

MULTIMEDIA AVAILABLE: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6729767
Contact:

Company Contacts:
Universal Power Group, Inc.
Mimi Tan, SVP, 469-892-1122
tanm@upgi.com
or
Investor Relations:
Lambert, Edwards & Associates
Jeff Tryka, CFA, or Karen Keller, 616-233-0500
jtryka@lambert-edwards.com

MikeDDKing PremiumMember

05/11/11 9:02 AM

Post #75

Universal Power Group Reports First Quarter 2011 Earnings
On Wednesday May 11, 2011, 8:00 am

CARROLLTON, Texas--(BUSINESS WIRE)-- Universal Power Group, Inc. (NYSE Amex: UPG), a Texas-based distributor and supplier of batteries and related power accessories and a third-party logistics provider, today announced results for the first quarter ended March 31, 2011.

For the first quarter, UPG reported net income of $402,677, or $0.08 per share, on net sales of $21.6 million, compared with net income of $505,709, or $0.10 per share, on net sales of $26.0 million in the first quarter of 2010.

“We made a number of significant accomplishments in the first quarter of 2011 to drive UPG’s future growth and profitability,” stated Ian Edmonds, UPG’s President and Chief Executive Officer. “Sales to customers other than ADT showed solid growth, and our gross margins continued to improve over the prior year, even as our operating expenses remained flat. In April, we completed our acquisition of Progressive Technologies, Inc. (PTI), which we believe will further support our long-term growth initiatives.”

First Quarter Results

Net sales for the first quarter fell 17.1 percent, to $21.6 million, from $26.0 million in the first quarter of 2010. Net sales of batteries and related power accessories to customers excluding ADT Security Services (formerly Broadview Security) and its authorized dealers grew 12.4 percent, to $16.8 million in the first quarter of 2011, compared to $15.0 million for the first quarter of 2010. Net sales to ADT Security Services and its authorized dealers in the first quarter of 2011 were $4.7 million, a decrease of 57.1 percent from $11.0 million in the same quarter of 2010. This decline was due to the integration of Broadview Security, which was acquired by Tyco International in May 2010, and merged into ADT Security Services. The Company continues to work closely with ADT Security Services and its authorized dealers to maintain the level of quality and service they have come to expect from UPG, while supporting their current business. In addition, UPG remains focused on growing sales of batteries and related power accessories.

Gross profit was slightly lower, at $4.3 million in the quarter compared, with $4.4 million in the first quarter of 2010. An increase in sales of higher-margin product lines combined with ongoing efforts to reduce cost and increase efficiency resulted in gross margins of 20.0 percent for the first quarter of 2011, compared to 17.0 percent for the first quarter of 2010. Operating expenses remained relatively flat at $3.5 million in the first quarter of 2011, although as a percent of sales operating expenses increased due to the lower sales levels.

For the quarter, UPG reported a 19.5 percent decrease in operating income, to $0.8 million, and a 20.9 percent decrease in pre-tax income to $0.6 million. This compares to operating income of $1.0 million and pre-tax income of $0.8 million in the first quarter of 2010. The decreased profitability was primarily the result of lower sales levels. On the bottom line, UPG reported net income of $0.4 million, or $0.08 per share, compared to net income of $0.5 million, or $0.10 per share in the prior year’s quarter.

Balance Sheet and Financial Position

At March 31, 2011 inventory decreased by $1.6 million, to $31.3 million, from $32.9 million at Dec. 31, 2010, due primarily to a sell down of inventory of certain products impacted by peak demand in early 2011. Accounts receivable decreased to $8.4 million, from $10.2 million at the end of 2010, while accounts payable increased by $1.1 million, to $8.7 million during the period. The decrease in accounts receivable was the result of the lower sales levels in the first quarter.

For the first three months of 2011, UPG generated net cash from operating activities of $4.9 million, compared to net cash from operating activities of $0.5 million during the same period in 2010. The increase in operating cash flow for 2011 reflects decreases in accounts receivable and inventory, as well as increases in accounts payable and accrued liabilities, which were offset by a slight decrease in net income. Total working capital increased to $21.3 million at the end of the first quarter, from $20.9 million at the end of 2010, due primarily to repayments on the Company’s line of credit. UPG ended the quarter with $120,000 in cash and cash equivalents, down from $215,000 at the end of 2010. The outstanding balance on UPG’s line of credit decreased to $11.4 million, compared to $16.3 million at the end of 2010, reflecting the increased cash generated by operations over the period.

Acquisition

On April 20, 2011 UPG completed the acquisition of Progressive Technologies, Inc. (PTI), a North Carolina company that designs and assembles custom battery products for specialized OEMs in the medical, technology, government and military markets. The acquisition provides UPG with expanded capabilities in the assembly of lithium ion battery packs, enabling the Company to serve the fast-growing medical and technology markets. The total purchase price of $3.3 million included $1.9 million in cash, $1.0 million in notes payable to PTI, and the assumption of $0.4 million in notes payable to third parties. PTI’s expertise in lithium-ion battery packs among other chemistries, further enhances UPG’s product and service offerings. In addition, PTI’s products will strengthen the Company’s position in the medical field and other market segments.

Edmonds concluded: “Despite the lower revenues and net income for the quarter, we made progress towards our long-term goals of diversifying our revenue stream and reinforcing our foundation for future profitability. With the addition of PTI, we plan to take advantage of new opportunities to grow that business and expand our combined presence into new, fast-growing medical and technology markets. While we still face some headwinds from the soft economic recovery and weak consumer confidence, we see opportunities to grow our business organically - as we provide the products, quality and service our customers expect - and through acquisitions like PTI. Fortunately, we are in a strong financial position that can support these efforts on an ongoing basis.”

Conference Call Information

Universal Power Group will host an investor conference call today, Wednesday, May 11, 2011 at 11:30 a.m. ET (10:30 a.m. CT) to discuss the Company’s financial results for the quarter ended March 31, 2011.

Interested parties may access the conference call by dialing 1.866.761.0748, passcode 30296285. The conference call will also be broadcast live at www.upgi.com and through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson’s individual investor portal. Institutional investors can access a webcast of the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.

A replay of the conference call will be made available through May 18, 2011 by calling 1.888.286.8010, passcode 95566896, and an archived webcast will be available at www.upgi.com.

About Universal Power Group, Inc.

Universal Power Group, Inc. (NYSE Amex: UPG) is a leading supplier and distributor of batteries and power accessories, and a provider of supply chain and other value-added services. UPG's product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, jump-starters, 12-volt accessories, and solar and security products. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment and value-added services such as sourcing, battery pack assembly and coordinating battery recycling efforts, as well as product development. For more information, please visit the UPG website at www.upgi.com.

Forward-Looking Statements

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 expressed 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 the Securities and Exchange Commission. Historical financial results are not necessarily indicative of future performance.

UNIVERSAL POWER GROUP, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

ASSETS

March 31,
2011
December 31,
2010
(unaudited)

CURRENT ASSETS
Cash and cash equivalents $ 120,333 $ 215,375
Accounts receivable:
Trade, net of allowance for doubtful accounts of $702,138 (unaudited) and $656,989 8,399,327 10,189,716
Other 47,257 25,607
Inventories – finished goods, net of allowance for obsolescence of $1,335,647 (unaudited) and $1,155,852 31,337,371 32,893,837
Current deferred tax asset 1,390,962 1,564,433
Income tax receivable 511,291 —
Prepaid expenses and other current assets 946,967 1,237,047
Total current assets 42,753,508 46,126,015

PROPERTY AND EQUIPMENT
Logistics and distribution systems 1,834,125 1,834,124
Machinery and equipment 991,261 991,260
Furniture and fixtures 467,632 467,632
Leasehold improvements 387,620 408,128
Vehicles 199,992 199,992
Total property and equipment 3,880,630 3,901,136
Less accumulated depreciation and amortization (2,695,329 ) (2,561,314 )
Net property and equipment 1,185,301 1,339,822

OTHER ASSETS 127,851 127,018
NON-CURRENT DEFERRED TAX ASSET 31,786 17,784
TOTAL ASSETS $ 44,098,446 $ 47,610,639

UNIVERSAL POWER GROUP, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)

LIABILITIES AND SHAREHOLDERS’ EQUITY

March 31,
2011
December 31,
2010
(unaudited)

CURRENT LIABILITIES
Line of credit $ 11,360,802 $ 16,323,528
Accounts payable 8,704,507 7,559,445
Income taxes payable — 25,588
Accrued liabilities 563,623 456,418
Current portion of settlement accrual 716,822 733,540
Current portion of capital lease and note obligations 26,131 25,906
Current portion of deferred rent 33,661 52,672
Total current liabilities 21,405,546 25,177,097

LONG-TERM LIABILITIES
Settlement accrual, less current portion 60,566 241,490
Capital lease and note obligations, less current portion 18,564 25,183
Total long-term liabilities 79,130 266,673

TOTAL LIABILITIES 21,484,676 25,443,770

COMMITMENTS AND CONTINGENCIES

SHAREHOLDERS’ EQUITY
Common stock - $0.01 par value, 50,000,000 shares authorized, 5,020,000 shares issued and outstanding 50,200 50,200
Additional paid-in capital 16,091,051 16,075,771
Retained earnings 6,607,804 6,205,127
Accumulated other comprehensive loss (135,285 ) (164,229 )
Total shareholders’ equity 22,613,770 22,166,869

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 44,098,446 $ 47,610,639

UNIVERSAL POWER GROUP, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Three Months Ended March 31,
2011 2010
Net sales $ 21,586,641 $ 26,034,805
Cost of sales 17,278,190 21,601,838
Gross profit 4,308,451 4,432,967

Operating expenses 3,535,684 3,473,275
Operating income 772,767 959,692

Interest expense (141,062 ) (161,360 )

Income before provision for income taxes 631,705 798,332
Provision for income taxes (229,028 ) (292,623 )
Net income $ 402,677 $ 505,709
Net income per share
Basic $ 0.08 $ 0.10
Diluted $ 0.08 $ 0.10
Weighted average shares outstanding
Basic 5,020,000 5,000,000
Diluted 5,046,381 5,017,740

UNIVERSAL POWER GROUP, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

Three Months Ended March 31,
2011 2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net income $ 402,677 $ 505,709
Items not requiring (providing) cash:
Depreciation and amortization 154,521 192,193
Provision for bad debts 45,000 83,531
Provision for obsolete inventory 180,000 210,000
Deferred income taxes 159,469 109,440
Gain on disposal of property — (2,000 )
Stock-based compensation 15,280 15,805
Changes in operating assets and liabilities
Accounts receivable – trade 1,745,389 706,190
Accounts receivable – other (21,650 ) (981 )
Inventories 1,376,466 1,916,596
Income tax receivable/payable (536,879 ) 30,430
Prepaid expenses and other current assets 289,247 (44,353 )
Accounts payable 1,145,062 (3,423,445 )
Accrued liabilities 136,149 427,733
Settlement accrual (197,642 ) (234,179 )
Deferred rent (19,011 ) (22,967 )
Net cash provided by operating activities 4,874,078 469,702

CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment — (19,826 )
Proceeds from sales of equipment — 2,000
Net cash used in investing activities — (17,826 )

CASH FLOWS FROM FINANCING ACTIVITIES
Net activity on line of credit (4,962,726 ) 2,038,290
Payments on capital lease and note obligations (6,394 ) (20,638 )
Net cash provided by (used in) financing activities (4,969,120 ) 2,017,652

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (95,042 ) 2,469,528
Cash and cash equivalents at beginning of period 215,375 2,059,475
Cash and cash equivalents at end of period $ 120,333 $ 4,529,003

SUPPLEMENTAL DISCLOSURES
Income taxes paid $ 617,460 $ 150,110
Interest paid $ 106,363 $ 15,627

Contact:

Universal Power Group, Inc
Mimi Tan, SVP, 469-892-1122
tanm@upgi.com
or
Lambert, Edwards & Associates
Investor Relations:
Jeff Tryka, CFA or Karen Keller, 616-233-0500
jtryka@lambert-edwards.com

Rawnoc

05/07/11 12:59 AM

Post #74

UPG is part of the SwingTrade Portfolio which is up 41.3% YTD and up 153.9% since October 1, 2009 inception.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62722205

MikeDDKing PremiumMember

04/25/11 10:12 AM

Post #73

Universal Power Group Acquires Lithium-Ion Battery Pack Maker

Acquisition Adds New Products and Opens New Markets

On Monday April 25, 2011, 10:10 am

CARROLLTON, Texas--(BUSINESS WIRE)-- Universal Power Group, Inc. (NYSE Amex: UPG), a Texas-based distributor and supplier of batteries and related power accessories, today announced it has acquired for $3.3 million the assets and business of Progressive Technologies, Inc. (PTI), a North Carolina-based battery pack manufacturer specializing in lithium-ion battery packs, the fastest growing segment of the battery market.

PTI designs and builds lithium-ion and other custom battery products for specialized OEMs in the medical, technology, government and military markets. Its custom battery solutions are used in computers, camcorders, tools, medical equipment, military applications, metering, mining and handheld communications equipment. Committed to high quality standards, PTI operates a state-of-the-art production facility, and holds several ISO certifications required by medical and other specialized battery pack buyers.

"PTI is a first-class organization,” said Ian Edmonds, president and CEO of UPG. “Its specialized products will enhance UPG’s product line and its lithium-ion battery packs provide UPG with an initial entry into this fast-growing market segment. PTI will enable UPG to offer expertise in battery packs spanning a full array of chemistries and a variety of markets, further enhancing our product and service offerings. In addition, PTI’s products will specifically strengthen our position in the fast-growing medical field. We believe there is great synergy between our two companies, especially as we look to integrate our technical capabilities and sales channels to grow our business.”

“We are pleased to join forces with a strong company like UPG to further our long-term strategic growth objectives,” said Ray Rock, president and founder of PTI. “I am convinced that our combined company will provide significant opportunities to further broaden our product offerings and enhance our business relationships with many long-standing customers, while also taking advantage of opportunities in our fastest growing markets.”

About Universal Power Group, Inc.

Universal Power Group, Inc. (NYSE Amex: UPG) is a leading supplier and distributor of batteries and power accessories, and a provider of supply chain and other value-added services. UPG's product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, jump-starters, 12-volt accessories, solar and security products. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment and value-added services such as sourcing, battery pack assembly, coordination of battery recycling efforts, and product design and development. For more information, please visit the UPG website at www.upgi.com.

Forward-Looking Statements

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 expressed 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. Historical financial results are not necessarily indicative of future performance.

Contact:

Company Contacts:
Universal Power Group, Inc
Mimi Tan, SVP, 469-892-1122
tanm@upgi.com
or
Investor Relations:
Lambert, Edwards & Associates
Jeff Tryka, CFA, or Karen Keller, 616-233-0500
jtryka@lambert-edwards.com

MikeDDKing PremiumMember

03/29/11 8:33 AM

Post #72

Universal Power Group Reports Improved 2010 Earnings

Net Income of $2.9 Million, EPS of $0.58
On Tuesday March 29, 2011, 8:00 am

CARROLLTON, Texas--(BUSINESS WIRE)-- Universal Power Group, Inc. (NYSE Amex: UPG), a Texas-based distributor and supplier of batteries and related power accessories and a third-party logistics provider, today announced improved earnings for the fourth quarter and full year ended Dec. 31, 2010.

For the fourth quarter, UPG reported net income of $634,000, or $0.13 per share, on net sales of $24.5 million, compared with net income of $387,000, or $0.08 per share, on net sales of $28.0 million in the fourth quarter of 2009. For the year, UPG reported net income of $2.9 million, or $0.58 per share, on net sales of $107.3 million, versus a net loss of $135,000, or ($0.03) per share, on net sales of $111.2 million in 2009.

“Overall, 2010 was a good year of progress as our continued efforts to grow UPG’s core business over the past two years began to bear fruit,” stated UPG’s President and Chief Executive Officer Ian Edmonds. “Over the past year, UPG has achieved a number of important milestones, from new product introductions and strategic alliances to expansion into new geographic markets. We stayed true to our strategic plan last year, and our combined achievements set the stage for broad-based revenue and earnings growth in the coming years.”

Fourth Quarter

Net sales for the fourth quarter fell 12.5 percent to $24.5 million, from $28.0 million in the fourth quarter of 2009. Net sales of batteries and related power accessories to customers excluding ADT Security Services (formerly Broadview Security) and its authorized dealers grew 20.9 percent to $19.7 million in the fourth quarter of 2010, compared to $16.3 million for the fourth quarter of 2009. Net sales to ADT Security Services and its authorized dealers in the fourth quarter of 2010 were $4.8 million, a decrease of 59.0 percent from $11.7 million in the same quarter of 2009. Net sales to ADT Security Services and its authorized dealers accounted for 19.2 percent of net sales in the fourth quarter of 2010, compared to 41.8 percent of net sales in the fourth quarter of 2009. The shift in sales mix was the result of UPG’s continued focus on growing its battery and related power accessories business, while sales to ADT Security Services and its authorized dealers decreased during the integration of the acquisition of Broadview Security. The Company continues to work closely with ADT Security Services and its authorized dealers to maintain the level of quality and service they have come to expect from UPG.

Gross profit was flat at $4.9 million in the quarter compared with the fourth quarter of 2009. An increase in sales of higher-margin product lines combined with ongoing efforts to reduce cost and increase efficiency resulted in gross margins of 20.1 percent for the fourth quarter of 2010, compared to 17.5 percent for the fourth quarter of 2009. Operating expenses decreased by $0.2 million, or 4.4 percent, to $3.8 million in the fourth quarter of 2010, compared to $4.0 million in the fourth quarter of 2009. This decrease was attributable to a decline in accounting and professional fees, lower insurance costs and reduced bad debt expense, partially offset by increased personnel-related expenses and higher property taxes.

For the quarter, UPG reported a 20.4 percent increase in operating income, to $1.1 million, and a 26.3 percent increase in pre-tax income to $0.9 million. This compares to operating income of $0.9 million and pre-tax income of $0.7 million in the fourth quarter of 2009. The improved results were driven by improved gross margins and reduced operating expenses during the quarter. On the bottom line, UPG reported net income of $0.6 million, or $0.13 per share, compared to net income of $0.4 million, or $0.08 per share in the prior year.

Full Year Overview

For full year 2010, net sales decreased 3.5%, to $107.3 million, from $111.2 million in 2009. Net sales of batteries and related power accessories to customers excluding ADT Security Services and its authorized dealers grew 19.4 percent, to $72.8 million in 2010, compared to $61.0 million in 2009. Offsetting this increase was a decline in net sales to ADT Security Services and its authorized dealers to $34.4 million, a decrease of 31.4 percent from $50.2 million in 2009. Net sales to ADT Security Services and its authorized dealers accounted for 28 percent of total net sales in 2010, compared to 36 percent of total net sales in 2009.

Despite the modest decrease in net sales, gross profit for the year increased modestly to $19.9 million, or 18.5 percent of net sales, compared to $19.4 million, or 17.4 percent of net sales, for 2009. Total operating expenses decreased by $2.5 million, or 14.4 percent, to $14.8 million, from $17.2 million in the prior year. Operating expenses in the prior year included $2.5 million of settlement costs. Excluding the impact of these costs, operating expenses would have increased by approximately $0.1 million due to increases in personnel and related costs, marketing and trade show expenses, and facilities costs, which were partially offset by reductions in insurance costs, bad debt expense, and accounting and other professional fees.

For the full year 2010, UPG reported operating income of $5.1 million and pre-tax income of $4.5 million, compared to operating income of $2.1 million and pre-tax income of $1.2 million in 2009. Provision for income taxes for the year was $1.6 million, reflecting an effective tax rate of 35.1 percent compared to a provision for income taxes of $1.3 million for 2009, which reflected an effective tax rate of 111.5 percent. During 2009, UPG recorded a valuation allowance of $0.8 million on a portion of its deferred tax asset related to stock-based compensation, which resulted in a higher effective tax rate for the period. On the bottom line, UPG reported net income of $2.9 million, or $0.58 per diluted share, for the full year 2010 compared to a net loss of $135,000, or ($0.03) per diluted share, for 2009.

Balance Sheet and Financial Position

At Dec. 31, 2010, inventory increased by $1.9 million, to $32.9 million, from $31.0 million at the end of 2009. The increase was primarily attributable to the stocking of certain products in anticipation of peak seasonal sales in early 2011. Accounts receivable decreased to $10.2 million, from $11.4 million at the end of 2009, while accounts payable decreased by $4.4 million, to $7.6 million during the period. The decrease in accounts receivable was the result of the lower sales levels in the fourth quarter as well as the Company’s efforts to increase the speed of collections. The outstanding balance on UPG’s line of credit rose to $16.3 million, compared to $15.2 million at the end of 2009 reflecting the increased investment in working capital over the period.

UPG had net cash used in operating activities of $2.9 million in 2010, compared to net cash provided by operating activities of $5.9 million in 2009. The decrease in operating cash flow for 2010 reflects an increase in net income, and a decrease in accounts receivable that was more than offset by decreased levels of accounts payable and non-cash expenses, and increases in inventory. Total working capital increased to $20.9 million at the end of 2010, from $17.7 million at the end of 2009. Given the increased investment in working capital during 2010, UPG ended the year with $215,000 in cash and cash equivalents, down from $2.1 million at the end of 2009.

Edmonds concluded, “We made significant progress in improving our operating results and growing our battery and related power accessory business during 2010, and we plan to continue this momentum in 2011. We recently highlighted a number of new products at the 2011 Consumer Electronics Show, and we are working on the launch of more new products later this year. We announced our initial expansion into new markets in Latin America last quarter, and we will pursue additional international growth where it makes the most sense for UPG. Our sales team made significant strides in increasing sales and identifying new potential avenues for future business growth, resulting in core battery revenue growth of nearly 20 percent for the year. Looking ahead to the rest of 2011, we remain focused on growing our entire business and continuing to meet the needs of all of our customers.”

Reconciliation of GAAP Operating Income and Income Before Provision for Income Taxes to Non-GAAP Operating Income and Income Before Provision for Income Taxes (Unaudited)

The following table reconciles operating income and income before provision for income taxes, as reported in accordance with U.S. Generally Accepted Accounting Principals (“GAAP”), to non-GAAP operating income and income before provision for income taxes. We believe that non-GAAP operating income, which is generally operating income less costs related to settlement agreements, more accurately reflects our operating efficiency. Non-GAAP operating income and income before provision for income taxes are non-GAAP financial measures and should not be considered an alternative to, or more meaningful than, net income prepared on a GAAP basis. Additionally, non-GAAP operating income and income before provision for income taxes may not be comparable to similar metrics used by others in our industry.

Financial Summary (Non-GAAP)
(unaudited)
December 31,
2010 2009
(dollars in thousands)
Operating income and income before provision for income taxes as reported:
Operating expenses $ 14,769 $ 14,715
Settlement expenses — 2,529
Total operating expenses 14,769 17,244

Operating income 5,131 2,129
Other expense, net (679 ) (956 )
Income before provision for income taxes 4,452 1,173

Non-GAAP measures to exclude settlement expenses from operating expenses:
Settlement expenses — 2,529
Non-GAAP operating income $ 5,131 $ 4,658
Non-GAAP income before provision for income taxes $ 4,452 $ 3,702

Conference Call Information

Universal Power Group will host an investor conference call today, Tuesday, March 29, 2011, at 11:30 a.m. ET (10:30 a.m. CT) to discuss the Company’s financial results for the quarter and full year ended Dec. 31, 2010.

Interested parties may access the conference call by dialing 1.800.299.6183, passcode 41707071. The conference call will also be broadcast live on www.upgi.com and through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson’s individual investor portal. Institutional investors can access a webcast of the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.

A replay of the conference call will be made available through April 5, 2011, by calling 1.888.286.8010, passcode 44168762, and an archived webcast will be available at www.upgi.com.

About Universal Power Group, Inc.

Universal Power Group, Inc. (NYSE Amex: UPG) is a leading supplier and distributor of batteries and power accessories, and a provider of supply chain and other value-added services. UPG's product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, jump-starters, 12-volt accessories, and solar and security products. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment and value-added services such as sourcing, battery pack assembly and coordinating battery recycling efforts, as well as product development. For more information, please visit the UPG website at www.upgi.com.

Forward-Looking Statements

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 expressed 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 the Securities and Exchange Commission. Historical financial results are not necessarily indicative of future performance.

UNIVERSAL POWER GROUP, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
ASSETS

December 31,
2010

December 31,
2009
CURRENT ASSETS
Cash and cash equivalents $ 215,375 $ 2,059,475
Accounts receivable:
Trade, net of allowance for doubtful accounts of $656,989 and $452,200 10,189,716 11,440,179
Other 25,607 13,561
Inventories – finished goods, net of allowance for obsolescence of $1,155,852 and $756,671 32,893,837 30,977,213
Current deferred tax asset 1,564,433 1,475,157
Prepaid expenses and other current assets 1,237,047 1,064,152
Total current assets 46,126,015 47,029,737

PROPERTY AND EQUIPMENT
Logistics and distribution systems 1,834,124 1,807,069
Machinery and equipment 991,260 984,918
Furniture and fixtures 467,632 385,940
Leasehold improvements 408,128 388,334
Vehicles 199,992 222,549
Total property and equipment 3,901,136 3,788,810
Less accumulated depreciation and amortization (2,561,314 ) (1,940,715 )
Net property and equipment 1,339,822 1,848,095

OTHER ASSETS 127,018 313,754
NON-CURRENT DEFERRED TAX ASSET 17,784 214,314
TOTAL ASSETS $ 47,610,639 $ 49,405,900

UNIVERSAL POWER GROUP, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)
LIABILITIES AND SHAREHOLDERS’ EQUITY

December 31,
2010

December 31,
2009
CURRENT LIABILITIES
Line of credit $ 16,323,528 $ 15,174,305
Accounts payable 7,559,445 11,971,502
Income taxes payable 25,588 698,654
Accrued liabilities 456,418 384,976
Current portion of accrued settlement accrual 733,540 955,730
Current portion of capital lease and note obligations 25,906 25,535
Current portion of deferred rent 52,672 92,040
Total current liabilities 25,177,097 29,302,742

LONG-TERM LIABILITIES
Accrued settlement accrual, less current portion 241,490 985,027
Capital lease and note obligations, less current portion 25,183 50,606
Deferred rent, less current portion — 36,103
Total long term liabilities 266,673 1,071,736
TOTAL LIABILITIES 25,443,770 30,374,478

COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY
Common stock - $0.01 par value, 50,000,000 shares authorized, 5,020,000 and 5,000,000 shares issued and outstanding, respectively 50,200 50,000
Additional paid-in capital 16,075,771 15,951,626
Retained earnings 6,205,127 3,314,887
Accumulated other comprehensive loss (164,229 ) (285,091 )
Total shareholders’ equity 22,166,869 19,031,422

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 47,610,639 $ 49,405,900

UNIVERSAL POWER GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Three Months Ended December 31, Year Ending December 31,
2010 2009 2010 2009
(unaudited)
Net sales $ 24,523,388 $ 28,038,385
$

107,256,461
$ 111,170,726
Cost of sales 19,587,558 23,115,980 87,355,871 91,797,823
Gross profit 4,935,830 4,922,405 19,900,590 19,372,903

Operating expenses 3,810,476 3,987,824 14,769,442 14,714,680
Settlement expenses — — — 2,529,345
Total operating expenses 3,810,476 3,987,824 14,769,442 17,244,025

Operating income 1,125,354 934,581 5,131,148 2,128,878

Other income (expense)
Interest expense (including $0, $50,907, $0 and $310,000 to Zunicom, Inc.) (244,276 ) (237,083 ) (681,213 ) (953,251 )
Other, net — — 2,187 (2,623 )
Total other expense, net (244,276 ) (237,083 ) (679,026 ) (955,874 )

Income before provision for
income taxes
881,078 637,498 4,452,122 1,173,004
Provision for income taxes (247,555 ) (310,431 ) (1,561,882 ) (1,308,193 )
Net income (loss) $ 633,523 $ 387,067
$

2,890,240
$ (135,189 )
Net income (loss) per share
Basic $ 0.13 $ 0.08
$

0.58
$ (0.03 )
Diluted $ 0.13 $ 0.08
$

0.58
$ (0.03 )
Weighted average shares outstanding
Basic 5,006,957 5,000,000 5,001,753 5,000,000
Diluted 5,021,560 5,009,575 5,016,816 5,000,000

UNIVERSAL POWER GROUP, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS

Years Ended December 31,
2010 2009
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)
$
2,890,240 $ (135,189 )
Items not requiring (providing) cash
Depreciation and amortization 809,317 802,454
Provision for doubtful accounts 228,361 415,808
Provision for obsolete inventory 770,000 599,145
Deferred income taxes 107,254 (196,857 )
Loss (gain) on disposal of property and equipment (2,000 ) 2,623
Stock-based compensation 84,945 36,969
Changes in operating assets and liabilities, net off effect of acquisition:
Accounts receivable – trade 1,022,102 592,626
Accounts receivable – other (12,046 ) 36,742
Inventories (2,686,624 ) 5,945,535
Income taxes receivable/payable (673,066 ) 867,328
Prepaid expenses and other current assets (172,895 ) (183,624 )
Other assets — (60,716 )
Accounts payable (4,412,057 ) (4,448,443 )
Accrued liabilities 192,304 (222,367 )
Settlement accrual (965,728 ) 1,940,758
Deferred rent (75,470 ) (98,159 )
Net cash provided by (used in) operating activities (2,856,362 ) 5,894,633

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment (134,884 ) (56,761 )
Proceeds from sale of equipment 2,000 1,000
Escrow deposit — 900,000
Net cash paid in Monarch acquisition — (892,000 )
Net cash used in investing activities (132,884 ) (47,761 )

CASH FLOWS FROM FINANCING ACTIVITIES
Net activity on line of credit 1,149,223 822,530
Exercise of stock options 39,400 —
Payments on capital lease and note obligations (4,476 ) (16,454 )
Payment on notes to Zunicom, Inc.
—
(4,919,667 )
Net cash provided by (used in) financing activities 1,184,147 (4,113,591 )

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (1,844,100 ) 1,733,281
Cash and cash equivalents at beginning of year
2,059,475 326,194
Cash and cash equivalents at end of year $ 215,375
$
2,059,475

SUPPLEMENTAL DISCLOSURES
Income taxes paid $ 2,103,659
$
871,052
Interest paid $ 436,522
$
972,784

NONCASH FINANCING AND INVESTING ACTIVITIES:

Property and equipment acquired through capital leases or notes payable

$

—

$

86,066

Cumulative tax effect of Unicap adjustment treated as a capital contribution from Zunicom, Inc.

$

—

$

185,791

Gain on settlement with Zunicom, Inc.

$

—

$

301,641

MikeDDKing PremiumMember

03/25/11 1:11 PM

Post #71

Here is why I have been purchasing UPG:

They have strong trailing earnings and I think earnings going forward will also be strong. Furthermore, they have an easy fourth quarter comp of $0.077/share. Here is the diluted EPS history for the prior four quarters:

Q3'10 $0.181
Q2'10 $0.168
Q1'10 $0.101
Q4'09 $0.077

Furthermore, they are trading around book value which is $4.29/share.

MikeDDKing PremiumMember

03/22/11 9:29 AM

Post #70

Universal Power Group Announces Date for Fourth Quarter and Full Year 2010 Earnings Release and Conference Call

Press Release Source: Universal Power Group, Inc. On Tuesday March 22, 2011, 9:00 am

CARROLLTON, Texas--(BUSINESS WIRE)-- Universal Power Group, Inc. (NYSE Amex:UPG), a leading provider of third-party logistics and supply chain management services, and a global distributor of batteries, security products and related portable power products, today announced that it will report its fourth quarter and full year 2010 financial results before the market opens on Tuesday, Mar. 29, 2011.

Universal Power Group will also host an investor conference call on Tuesday, Mar. 29, 2011, at 11:30 a.m. ET (10:30 a.m. CT) to discuss its financial results. Interested parties may access the conference call by dialing 1-800-299-6183; passcode 41707071. The conference call will also be webcast live at www.upgi.com and through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson’s individual investor portal. Institutional investors can access the webcast via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.

A replay of the conference call will be made available through Apr. 5, 2011, by calling 1-888-286-8010, passcode 44168762, and an archived webcast will be available at www.upgi.com.

About Universal Power Group, Inc.

Universal Power Group, Inc. (NYSE Amex:UPG) is a leading supplier and distributor of batteries and power accessories, and a provider of supply chain and other value-added services. UPG's product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, jump-starters, 12-volt accessories, solar and security products. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment and value-added services such as sourcing, battery pack assembly, coordination of battery recycling efforts, and product design and development. For more information, please visit the UPG website at www.upgi.com.

Forward-Looking Statements

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 expressed 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. Historical financial results are not necessarily indicative of future performance.

Contact:

Universal Power Group, Inc.
Mimi Tan, SVP, 469-892-1122
tanm@upgi.com
or
Investor Relations:
Lambert, Edwards & Associates
Jeff Tryka, CFA, 616-233-0500
jtryka@lambert-edwards.com

MikeDDKing PremiumMember

03/21/11 3:44 PM

Post #69

I've been purchasing shares of UPG.

MikeDDKing PremiumMember

03/18/11 8:55 PM

Post #68

The 10-K is coming soon. Next week we should get the earnings date.

MikeDDKing PremiumMember

01/03/11 9:17 AM

Post #67

Universal Power Group to Showcase New Products At 2011 International Consumer Electronics Show

Company to feature an array of “Plug and Play” consumer products

On Monday January 3, 2011, 8:15 am EST

CARROLLTON, Texas--(BUSINESS WIRE)-- Universal Power Group, Inc. (NYSE Amex: UPG), a Texas-based distributor and supplier of batteries and related power accessories, today announced that it will showcase a number of new products at the 2011 International Consumer Electronics Show (CES) to be held Jan. 6-9 in Las Vegas.

UPG will be at booth #15121, located at Las Vegas Convention Center, Central Hall. Products on display will include:

* The recently introduced Ecotricity ECO1800 solar-powered portable generator
* UPG partner Craftwell’s eCraft line of specialty electronic die cutters and accessories for the craft and hobby market, which was named an honoree in the prestigious Innovations Design & Engineering Award program at CES
* Energizer®-branded automotive power accessories, including jumpstarters, chargers and maintainers, and inverters

"Over the past year, we have made significant progress in broadening UPG’s business through a variety of strategic alliances and partnerships. The 2011 International Consumer Electronics Show offers UPG the opportunity to showcase our broad array of products, as well as the new products that can make consumers’ lives easier, in an environmentally friendly way,” said Ian Edmonds, president and CEO of UPG. “Many of the products on display utilize alternative power sources or enhance the efficiency of portable power products, helping us to realize our vision of ‘making a difference while powering lives.’”

About Universal Power Group, Inc.

Universal Power Group, Inc. (NYSE Amex: UPG) is a leading supplier and distributor of batteries and power accessories, and a provider of supply chain and other value-added services. UPG's product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, jump-starters, 12-volt accessories, solar and security products. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment and value-added services such as sourcing, battery pack assembly, coordination of battery recycling efforts, and product design and development. For more information, please visit the UPG website at www.upgi.com.

About Energizer

Energizer Holdings, Inc. (NYSE:ENR - News), headquartered in St. Louis, Mo., is one of the world's largest manufacturers of primary batteries, portable battery-powered devices, and portable flashlights and lanterns. Energizer is a global leader in the dynamic business of providing power solutions with a full portfolio of products including Energizer® brand battery products Energizer® MAX® premium alkaline; Energizer® Ultimate Lithium; Energizer® Advanced Lithium; Rechargeable batteries and charging systems; and portable flashlights and lanterns.

Energizer continues to fulfill its role as a technology innovator by redefining portable power solutions to meet people’s active lifestyle needs for today and tomorrow with Energizer® Energi To Go® chargers for rechargeable portable devices; charging systems for wireless video game controllers; and specialty batteries for hearing aids, health and fitness devices, as well as for keyless remote entry systems, toys and watches. Energizer is redefining where energy, technology and freedom meet to bring to market consumer-focused products that power the essential devices that help people stay connected and on the go at work and at play. Visit http://www.energizer.com, www.facebook.com/energizerbunny or www.facebook.com/energizer.

About Craftwell

Headquartered in New York, Craftwell is emerging as a leader in providing technological innovations to the crafting and education sectors. It’s flagship product is the eCraft Electronic Cutting System, and the company is focused on delivering products that save consumers time and money, while stimulating their creative process. For more information, visit www.craftwellusa.com.

Forward-Looking Statements

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 expressed 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. Historical financial results are not necessarily indicative of future performance.

Contact:

Universal Power Group, Inc.
Mimi Tan, SVP, 469-892-1122
tanm@upgi.com
or
Investor Relations:
Lambert, Edwards & Associates
Jeff Tryka, CFA, 616-233-0500
jtryka@lambert-edwards.com

MikeDDKing PremiumMember

01/03/11 9:15 AM

Post #66

Universal Power Group Launches Ecotricity Line of Solar Products
On Monday January 3, 2011, 8:15 am

CARROLLTON, Texas--(BUSINESS WIRE)-- Universal Power Group, Inc. (NYSE Amex: UPG), today announced the launch of its new “Ecotricity” line of portable solar-powered products and unveiled the line’s initial product: the Ecotricity ECO1800 solar-powered generator.

The Ecotricity ECO1800 features an 1800W inverter with four 120V outlets and a 50-foot cord that is ideal for generating environmentally friendly home backup power, emergency power and remote power for both indoor and outdoor use. The ECO1800 features a high-efficiency solar panel designed to enable quick system recharge without the noise or harmful emissions typically associated with portable gas-powered generators. The unit includes a cart that allows the foldable solar panel to be easily transported and positioned for optimal exposure to solar rays. The Ecotricity ECO1800 is also flexible, allowing for solar charging, or charging through standard DC or AC outlets. Best of all, it is a true “plug-and-play” product – ready to use right out of the box with no installation required.

The new generator can be fully charged in 12 “sun hours” from its solar panel, so on a camping trip the generator can be charged during the day and used to power lanterns and radios in the evening through its 1800W of continuous AC power. When it comes to home backup and emergency power, the ECO1800 can supply power to refrigerators, TVs, radios and mobile phone chargers during a power outage, as well as emergency power for lights, garage doors and sump pumps to help mitigate the impact of storms. In an emergency, a fully charged unit can provide up to four hours of emergency power for a cordless phone, television, clock radio and lamp. The ECO1800 is also ideal for small office use as it can power a cordless phone, printer, laptop computer and wireless router for up to 10 hours in the event of an outage.

The Ecotricity line of solar products marks UPG’s initial efforts into more environmentally conscious “green” products. Over time, the Company plans to introduce additional products that take advantage of alternative power sources, such as solar, to help consumers reduce carbon emissions. These new products and initiatives supplement UPG’s existing battery recycling programs that divert used batteries from landfills each year.

“The Ecotricity ECO1800 is the first of what we anticipate will be multiple new products capable of providing portable power in an environmentally conscious way, as we seek to make a difference while powering lives,” said UPG’s President and Chief Executive Officer, Ian Edmonds. “Our entire Ecotricity line will be focused on products that are as convenient and useful as they are green. The ECO1800 provides an ideal alternative to noisy, gas-powered emergency generators and is also perfect for recreational uses, from camping and outdoor events to tailgating at your favorite game.”

The Ecotricity ECO1800 will be available through automotive, mass merchandise and other retailers beginning next spring. Future Ecotricity products, including solar-powered plug-and-play power hub variations, are also scheduled to be introduced in 2011.

About Universal Power Group, Inc.

Universal Power Group, Inc. (NYSE Amex: UPG) is a leading supplier and distributor of batteries and power accessories, and a provider of supply chain and other value-added services. UPG's product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, jump-starters, 12-volt accessories, and solar and security products. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment and value-added services such as sourcing, battery pack assembly and coordinating battery recycling efforts, as well as product development. For more information, please visit the UPG website at www.upgi.com.

Forward Looking Statements

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 expressed 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," and "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. Historical financial results are not necessarily indicative of future performance.

Contact:

Company:
Universal Power Group, Inc.
Mimi Tan, SVP, 469-892-1122
tanm@upgi.com
or
Investor Relations:
Lambert, Edwards & Associates
Jeff Tryka, CFA or Karen Keller, 616-233-0500
jtryka@lambert-edwards.com

MikeDDKing PremiumMember

12/15/10 8:54 AM

Post #65

Universal Power Group Announces Distribution Agreement with Craftwell USA
On Wednesday December 15, 2010, 8:00 am

CARROLLTON, Texas--(BUSINESS WIRE)-- Universal Power Group, Inc. (NYSE Amex: UPG), today announced an agreement to provide third-party logistics services to Craftwell USA in support of its eCraft line of specialty electronic die cutters and accessories for the craft and hobby market. UPG is a Texas-based distributor and supplier of batteries and related power accessories and a third-party logistics provider.

Craftwell’s eCraft product line represents a new generation of die-cutting machines for the craft market, with applications for various activities including scrapbooking, designing, home decorating and children’s education and activities. The eCraft product line offers users a broader array of materials that can be cut such as paper, card stock, vellum, vinyl, felt, foam and other materials, providing more usability than competing products. UPG will provide complete third-party logistics services to Craftwell, including sourcing, transportation, warehousing and fulfillment.

“We are pleased to partner with Craftwell in support of the launch of their eCraft electronic product line,” said UPG’s President and Chief Executive Officer, Ian Edmonds. “eCraft has generated significant excitement in hobby circles as well as critical acclaim. As UPG provides third-party logistics support to Craftwell, we believe new opportunities for expanding distribution will emerge and enhance the value of our relationship.”

The eCraft electronic die cutter was recently named an honoree in the prestigious Innovations Design & Engineering Award program at the 2011 Consumer Electronics Show (CES). UPG will be featuring the eCraft product line at the Las Vegas Convention Center, Center Hall, booth #15121 at CES in January.

Craftwell CEO, David Tse commented: “In order to support the launch of our new eCraft product line, we wanted to partner with a company that could provide a broad range of services. We selected UPG as they are ideally suited to meet our present and future logistics needs.”

About Universal Power Group, Inc.

Universal Power Group, Inc. (NYSE Amex: UPG) is a leading supplier and distributor of batteries and power accessories, and a provider of supply chain and other value-added services. UPG's product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, jump-starters, 12-volt accessories, and solar and security products. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment and value-added services such as sourcing, battery pack assembly and coordinating battery recycling efforts, as well as product development. For more information, please visit the UPG website at www.upgi.com.

About Craftwell

Headquartered in New York, Craftwell is emerging as a leader in providing technological innovations to the crafting and education sectors. It’s flagship product is the eCraft Electronic Cutting System, and the company is focused on delivering products that save consumers time and money, while stimulating their creative process. For more information, visit www.craftwellusa.com.

Forward Looking Statements

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 expressed 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," and "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. Historical financial results are not necessarily indicative of future performance.

Contact:

Universal Power Group, Inc.
Mimi Tan, SVP, 469-892-1122
tanm@upgi.com
or
Lambert, Edwards & Associates
Investor Relations:
Jeff Tryka, CFA or Karen Keller, 616-233-0500
jtryka@lambert-edwards.com

MikeDDKing PremiumMember

11/24/10 4:50 PM

Post #64

Universal Power Group Reports Record Third Quarter Results

Net income of $0.9 million and EPS of $0.18 on 2.9 percent net sales growth

On Thursday November 11, 2010, 8:00 am EST

CARROLLTON, Texas--(BUSINESS WIRE)-- Universal Power Group, Inc. (NYSE Amex: UPG), a Texas-based distributor and supplier of batteries and related power accessories and a third-party logistics provider, today announced financial results for the third quarter and nine months ended Sept. 30, 2010. The third quarter was the Company’s second consecutive quarter of record earnings.

For the third quarter, UPG reported net income of $0.9 million, or $0.18 per share, on net sales of $28.3 million. These results compare with net income of $0.6 million, or $0.12 per share, on net sales of $27.5 million in the third quarter of 2009. For the first nine months of 2010, UPG reported net income of $2.3 million, or $0.45 per share, on net sales of $82.7 million, compared with a net loss of $0.5 million, or $0.10 per share, on net sales of $83.1 million in the comparable period of 2009.

“We are pleased with our quarterly results and the continued growth in our bottom line to record levels,” stated UPG’s President and Chief Executive Officer, Ian Edmonds. “The earnings momentum we have achieved serves as a foundation for UPG as we explore additional initiatives to drive long-term growth and enhance shareholder value. These efforts include expanding of our core business into new geographic markets and continuing to pursue of opportunities with new products and customers.”

Third Quarter and Nine Month Overview

Net sales for the third quarter rose 2.9 percent, to $28.3 million, from $27.5 million in the third quarter of 2009. Net sales of batteries and related power accessories to customers other than ADT Security Services (formerly Broadview Security) and its authorized dealers grew 40.5 percent, to $20.4 million in the third quarter of 2010, compared to $14.5 million for the third quarter of 2009. Net sales to ADT Security Services and its authorized dealers in the third quarter of 2010 were $7.9 million, a decrease of 39.2 percent from $13.0 million in the same quarter of 2009. Net sales to ADT Security Services and its authorized dealers accounted for 27.9 percent of total net sales in the third quarter of 2010, compared to 47.2 percent of total net sales in the second quarter of 2009.

Higher net sales and an increased focus on UPG’s higher-margin core product lines resulted in the record gross margins of 19.3 percent for the 2010 quarter, compared to 16.5 percent for the third quarter of 2009. UPG reported gross profit of $5.5 million in the quarter, compared to gross profit of $4.5 million in the third quarter of 2009. Operating expenses increased by $0.5 million, or 15.8 percent, to $3.8 million in the third quarter, compared to $3.3 million in the third quarter of 2009. The increase in operating expenses was attributable to increased personnel and related costs, as well as increased marketing and trade show expenses.

For the third quarter of 2010, UPG reported a 33.3 percent increase in operating income, to $1.6 million, and pre-tax income of $1.6 million, compared to operating income of $1.2 million and pre-tax income of $1.0 million in the third quarter of 2009. The improved results were driven by higher gross margins, given the shift in product mix toward higher-margin product lines and lower borrowing costs during the quarter. At the bottom line, UPG reported net income of $0.9 million, or $0.18 per share, compared to net income of $0.6 million, or $0.12 per share, in the third quarter of 2009.

For the first nine months of 2010, net sales decreased slightly, to $82.7 million, from $83.1 million in the comparable period of 2009. Net sales of batteries and related power accessories to customers other than ADT Security Services and its authorized dealers grew 18.9 percent, to $53.1 million in the first nine months of 2010, compared to $44.7 million for the comparable period of 2009. Offsetting the increase in the first nine months of 2010 was a decline in net sales to ADT Security Services and its authorized dealers to $29.6 million, a decrease of 22.9 percent from $38.4 million in the same period of 2009. Net sales to ADT Security Services and its authorized dealers accounted for 35.8 percent of total net sales in the first nine months of 2010, compared to 46.2 percent of total net sales in the first nine months of 2009.

Despite the slight decrease in net sales, gross profit for the first nine months increased to $14.9 million, or 18.1 percent of net sales, compared to $14.5 million, or 17.4 percent of net sales for the first nine months of 2009. Total operating expenses decreased by $2.2 million, or 16.7 percent, to $11.0 million, from $13.2 million in the prior year. Operating expenses for the 2009 period included $2.5 million of settlement costs. Excluding the impact of these costs, operating expenses would have increased by approximately $0.3 million due to increases in personnel and related costs, marketing and trade show expenses, professional fees and various other costs.

For the first nine months of 2010, UPG reported operating income of $4.0 million and pre-tax income of $3.6 million, compared to operating income of $1.2 million and pre-tax income of $0.5 million in the comparable period of 2009. On a non-GAAP basis – which excludes the settlement expenses – UPG reported operating income of $3.7 million and pre-tax income of $3.0 million for the 2009 period. The improvements in operating and pre-tax income were due mainly to a shift in sales mix toward higher-margin core products. Provision for income taxes for the first nine months of 2010 was $1.3 million, reflecting an effective tax rate of 36.8 percent compared to provision for income taxes of $1.0 million for the first nine months of 2009, which reflected an effective tax rate of 209.6 percent. In the 2009 period, UPG recorded a valuation allowance of $0.8 million on a portion of its deferred tax asset related to stock-based compensation, which resulted in a higher effective tax rate for the period. On the bottom line, UPG reported net income of $2.3 million, or $0.45 per diluted share, for the first nine months of 2010 compared to a net loss of $0.5 million, or $0.10 per diluted share, for the first nine months of 2009.

Balance Sheet and Financial Position

In the third quarter, inventory increased by $2.9 million, to $33.9 million, from $31.0 million at the end of 2009. The increase is attributable to the stocking of products in anticipation of peak seasonal demand in specific markets, as well as recent increases in lead times for certain suppliers in China. Accounts receivable increased by $1.3 million from year-end, while accounts payable increased by $2.7 million during the period. The increase in accounts receivable is consistent with the Company’s success in increasing the percentage of our net sales attributable to our core products. In addition, it also reflects the extension by UPG of more customer credit terms in an effort to maintain its customer base in a challenging economic environment. The outstanding balance on UPG’s line of credit was reduced to $12.8 million, compared to $15.2 million at the end of 2009.

UPG generated operating cash flow of $0.7 million in the nine months ended Sept. 30, 2010, compared to operating cash flow of $6.5 million in the same period of 2009. The decrease in operating cash flow for the first nine months of 2010 reflects an increase in net income, accounts payable and non-cash expenses that was more than offset by increased levels of accounts receivable and inventory. Given the considerable repayment of debt during the first nine months of 2010, UPG ended the quarter with $0.3 million in cash and cash equivalents, down from $2.1 million at the end of 2009.

Edmonds concluded: “While we are always delighted to report record earnings, we are even more pleased by the opportunities that lie ahead for UPG. Last month we announced the expansion of our core batteries and related power products into the Latin American market, which we believe will contribute future growth for our core business. We are also planning to introduce a number of new products at the Consumer Electronics Show in January 2011, and at other key industry trade shows during the remainder of this year and into 2011. As we continue to report solid financial results, we are convinced that the actions we are taking to grow our business will ultimately drive improvements in shareholder value.”

Reconciliation of GAAP Operating Income and Income Before Provision for Income Taxes to Non-GAAP Operating Income and Income Before Provision for Income Taxes (Unaudited)

The following table reconciles GAAP operating income and GAAP income before provision for income taxes, as reported, to non-GAAP operating income and non-GAAP income before provision for income taxes. We believe that non-GAAP operating income, which is generally operating income less costs related to settlement agreements, represents the Company’s operating efficiency. Non-GAAP operating income and non-GAAP income before provision for income taxes, which are non-GAAP financial measures, should not be considered alternatives to, or more meaningful than, net income prepared on a GAAP basis.

Additionally, non-GAAP operating income and non-GAAP income before provision for income taxes may not be comparable to similar metrics used by others in the industry.

Financial Summary (Non-GAAP)
(unaudited)
Three Months Ended September 30, Nine Months Ended September 30,
2010 2009 2010 2009
Operating income and income before provision for income taxes as reported:
Operating expenses $ 3,828,472 $ 3,305,166 $ 10,958,966 $ 10,726,856
Settlement expenses — — — 2,529,345
Total operating expenses 3,828,472 3,305,166 10,958,966 13,256,201

Operating income 1,642,593 1,231,943 4,005,794 1,194,297
Interest expense (36,454 ) (240,110 ) (434,750 ) (718,791 )
Income before provision for income taxes 1,606,139 991,833 3,571,044 475,506

Non-GAAP measures to exclude settlement expenses from operating expenses:

Settlement expenses — — — 2,529,345
Non-GAAP operating income $ 1,642,593 $ 1,231,943 $ 4,005,794 $ 3,723,642
Non-GAAP income before provision for income taxes $ 1,606,139 $ 991,833 $ 3,571,044 $ 3,004,851

Conference Call Information

Universal Power Group will host an investor conference call today, Thursday, Nov. 11, 2010 at 11:30 a.m. ET (10:30 a.m. CT) to discuss the Company’s financial results for the quarter and nine months ended Sept. 30, 2010.

Interested parties may access the conference call by dialing 1.800.573.4842, passcode 67449529. The conference call will also be broadcast live on www.upgi.com and through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson’s individual investor portal. Institutional investors can access a webcast of the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.

A replay of the conference call will be made available through Nov. 18, 2010 by calling 1.888.286.8010, passcode 78955487, and an archived webcast will be available at www.upgi.com.

About Universal Power Group, Inc.

Universal Power Group, Inc. (NYSE Amex: UPG) is a leading supplier and distributor of batteries and power accessories, and a provider of supply chain and other value-added services. UPG's product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, jump-starters, 12-volt accessories, and solar and security products. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment and value-added services such as sourcing, battery pack assembly and coordinating battery recycling efforts, as well as product development. For more information, please visit the UPG website at www.upgi.com.

Forward-Looking Statements

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 expressed 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. Historical financial results are not necessarily indicative of future performance.

UNIVERSAL POWER GROUP, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

ASSETS

September 30,
2010
December 31,
2009
(unaudited)
CURRENT ASSETS
Cash and cash equivalents $ 280,064 $ 2,059,475
Accounts receivable:
Trade, net of allowance for doubtful accounts of $652,011 (unaudited) and $452,200 12,759,565 11,440,179
Other 133,113 13,561
Inventories – finished goods, net of allowance for obsolescence of $1,192,050 (unaudited) and $756,671 33,916,169 30,977,213
Current deferred tax asset 1,326,310 1,151,635
Prepaid expenses and other current assets 936,323 1,064,152
Total current assets 49,351,544 46,706,215

PROPERTY AND EQUIPMENT
Logistics and distribution systems 1,819,944 1,807,069
Machinery and equipment 991,261 984,918
Furniture and fixtures 394,660 385,940
Leasehold improvements 408,128 388,334
Vehicles 199,992 222,549
Total property and equipment 3,813,985 3,788,810
Less accumulated depreciation and amortization (2,401,927 ) (1,940,715 )

Net property and equipment 1,412,058 1,848,095

OTHER ASSETS 241,246 313,754
NON-CURRENT DEFERRED TAX ASSET 489,758 771,490
TOTAL ASSETS $ 51,494,606 $ 49,639,554

UNIVERSAL POWER GROUP, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)

LIABILITIES AND SHAREHOLDERS’ EQUITY

September 30,
2010
December 31,
2009
(unaudited)
CURRENT LIABILITIES
Line of credit $ 12,802,337 $ 15,174,305
Accounts payable 14,645,115 11,971,502
Income taxes payable — 698,654
Accrued liabilities 1,074,205 384,976
Current portion of accrued settlement expenses 802,534 955,730
Current portion of capital lease and note obligations 26,029 25,535
Current portion of deferred rent 59,903 92,040
Total current liabilities 29,410,123 29,302,742

LONG-TERM LIABILITIES
Accrued settlement expenses, less current portion 421,264 985,027
Capital lease and note obligations, less current portion 31,743 50,606
Deferred rent, less current portion — 36,103
Non-current deferred tax liability 204,003 233,654
Total long term liabilities 657,010 1,305,390

TOTAL LIABILITIES 30,067,133 30,608,132

COMMITMENTS AND CONTINGENCIES

SHAREHOLDERS’ EQUITY
Common stock - $0.01 par value, 50,000,000 shares authorized, 5,000,000 shares issued and outstanding 50,000 50,000
Additional paid-in capital 15,999,042 15,951,626
Retained earnings 5,571,604 3,314,887
Accumulated other comprehensive loss (193,173 ) (285,091 )
Total shareholders’ equity 21,427,473 19,031,422

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 51,494,606 $ 49,639,554

UNIVERSAL POWER GROUP, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

Three Months Ended September 30, Nine Months Ended September 30,
2010 2009 2010 2009
Net sales $ 28,304,355 $ 27,494,909 $ 82,733,073 $ 83,132,341
Cost of sales 22,833,290 22,957,800 67,768,313 68,681,843
Gross profit 5,471,065 4,537,109 14,964,760 14,450,498

Operating expenses 3,828,472 3,305,166 10,958,966 10,726,856
Settlement expenses — — — 2,529,345
Total operating expenses 3,828,472 3,305,166 10,958,966 13,256,201

Operating income 1,642,593 1,231,943 4,005,794 1,194,297

Interest expense (including $0,

$66,353, $0 and $213,184 to

Zunicom, Inc.)

(36,454

)

(240,110

)

(434,750

)

(718,791

)

Income before provision for
income taxes
1,606,139 991,833 3,571,044 475,506
Provision for income taxes (698,660 ) (379,765 ) (1,314,327 ) (997,762 )
Net income (loss) $ 907,479 $ 612,068 $ 2,256,717 $ (522,256 )
Net income (loss) per share
Basic $ 0.18 $ 0.12 $ 0.45 $ (0.10 )
Diluted $ 0.18 $ 0.12 $ 0.45 $ (0.10 )
Weighted average shares outstanding
Basic 5,000,000 5,000,000 5,000,000 5,000,000
Diluted 5,012,734 5,004,794 5,015,063 5,000,000

UNIVERSAL POWER GROUP, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

Nine Months Ended September 30,
2010 2009
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss) $ 2,256,717 $ (522,256 )
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization 571,042 588,616
Provision for bad debts 183,361 320,000
Provision for obsolete inventory 630,000 230,000
Deferred income taxes 77,406 (182,016 )
Loss (gain) on sale of equipment (2,000 ) 2,174
Stock-based compensation 47,416 21,164
Changes in operating assets and liabilities:
Accounts receivable – trade (1,502,747 ) 159,087
Accounts receivable – other (119,552 ) 31,649
Inventories (3,568,957 ) 7,989,448
Prepaid expenses and other current assets 127,829 (275,753 )
Income tax receivable/payable (698,654 ) 193,386
Accounts payable 2,673,613 (5,025,190 )
Accrued liabilities 781,148 890,903
Settlement expenses (716,960 ) 2,183,100
Deferred rent (68,239 ) (74,921 )
Net cash provided by operating activities 671,423 6,529,391

CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment (47,732 ) (57,949 )
Proceeds from sale of equipment 2,000 1,000
Net cash paid in Monarch acquisition — (892,000 )
Change in restricted cash — 900,000
Net cash used in investing activities (45,732 ) (48,949 )

CASH FLOWS FROM FINANCING ACTIVITIES
Net activity on line of credit (2,371,968 ) (5,259,305 )
Payments on capital lease and note obligations (33,134 ) (7,671 )
Payment on notes payable to Zunicom, Inc. — (1,096,875 )
Net cash used in financing activities (2,405,102 ) (6,363,851 )

Net increase (decrease) in cash and cash equivalents (1,779,411 ) 116,591
Cash and cash equivalents at beginning of period
2,059,475 326,194
Cash and cash equivalents at end of period $ 280,064 $ 442,785

SUPPLEMENTAL DISCLOSURES
Income taxes paid $ 2,014,516 $ 854,837
Interest paid $ 334,076 $ 719,732

NONCASH FINANCING AND INVESTING ACTIVITIES
Purchase of equipment with a note payable $ — $ 75,961

Contact:

Universal Power Group, Inc.
Mimi Tan, SVP, 469-892-1122
tanm@upgi.com
or
Investor Relations:
Lambert, Edwards & Associates
Jeff Tryka, CFA or Karen Keller, 616-233-0500
jtryka@lambert-edwards.com

MikeDDKing PremiumMember

08/29/10 9:31 PM

Post #63

Re: #62: @Knowledge is King - UPG mentioned in the new (9/13/10) Forbes

Interesting. Thanks.

Knowledge is King PremiumMember

08/29/10 9:25 PM

Post #62

Re: #61: @MikeDDKing - Universal Power Group Reports Record Second Quarter Net Income

UPG mentioned in the new (9/13/10) Forbes

In an article on page 38 entitled "Good Things In Small Packages" [wow, that's clever], Forbes speaks with Michael Corbett, a stock picker with Perritt Capital Management in Chicago. One of his microcap holdings cited in the article is Universal Power (UPG).

Forbes says, "The stock has flatlined over the past two years, but Corbett is hanging on. 'We think it's in a niche that will grow,' he says. Universal's debt-to-assets ratio is a tiny 2%, and it has positive cash flow, he notes."

Overall, it's a pretty interesting article and adds to the case for microcap investing (as if we needed any more convincing, LOL).

MikeDDKing PremiumMember

08/11/10 9:33 AM

Post #61

Universal Power Group Reports Record Second Quarter Net Income
On Wednesday August 11, 2010, 8:00 am EDT

CARROLLTON, Texas--(BUSINESS WIRE)--Universal Power Group, Inc. (NYSE Amex: UPG), a Texas-based distributor and supplier of batteries and related power accessories and a third-party logistics provider, today announced financial results for the second quarter and six months ended June 30, 2010.

For the second quarter, UPG reported record net income of $0.8 million, or $0.17 per share, on net sales of $28.4 million. These results compare with net income of $0.6 million, or $0.12 per share, on net sales of $27.9 million reported in the second quarter of 2009.

“We are very pleased with the 38 percent growth in our bottom line results in the second quarter,” stated UPG’s President and Chief Executive Officer, Ian Edmonds. “While our revenues continued to be affected by weakness in consumer confidence and employment in the broader economy, the actions we’ve taken over the past few quarters, such as the changes to our sales force made at the end of 2009, have yielded positive results. In the second quarter, our sales of batteries, related power accessories and other products posted solid and broad-based gains across new and existing customers. We continued to carefully manage our operating expenses in order to lower our costs, and improve operating efficiency while remaining responsive to the demands of our customers.”

Second Quarter and Six Month Overview

Net sales for the second quarter rose 1.6 percent, to $28.4 million, from $27.9 million in the second quarter of 2009. Net sales of batteries, related power accessories and other products to customers other than Broadview Security and its authorized dealers grew 18.1 percent, to $17.7 million in the second quarter of 2010, compared to $15.0 million for the second quarter of 2009. Net sales to Broadview Security and its authorized dealers in the second quarter were $10.7 million, a decrease of 17.5 percent from $12.9 million in the same quarter of 2009. Net sales to Broadview Security and its authorized dealers accounted for 37.6 percent of total net sales in the second quarter of 2010, compared to 46.3 percent of total net sales in the second quarter of 2009.

Higher net sales, continued cost control and better sourcing efficiency – partially offset by UPG’s decision to employ more aggressive pricing in the current competitive environment – resulted in 17.8 percent gross margins for the quarter, compared to 17.7 percent for the second quarter of 2009. UPG reported gross profit of $5.1 million in the quarter, compared to gross profit of $5.0 million in the second quarter of 2009. Operating expenses decreased by $0.1 million, or 3.4 percent, to $3.7 million in the second quarter, compared to $3.8 million in the second quarter of 2009, due mainly to the Company’s continued efforts to control operating costs and improved operating efficiency.

For the second quarter of 2010, UPG reported operating income of $1.4 million and pre-tax income of $1.2 million, compared to operating income of $1.2 million and pre-tax income of $0.9 million in the second quarter of 2009. At the bottom line, UPG reported net income of $0.8 million, or $0.17 per share, compared to net income of $0.6 million, or $0.12 per share, in the second quarter of 2009.

For the first six months of 2010, net sales fell 2.2 percent, to $54.4 million, from $55.6 million in the comparable period of 2009. Net sales of batteries, related power accessories and other products to customers other than Broadview Securities and its authorized dealers grew 8.4 percent, to $32.7 million in the first six months of 2010, compared to $30.2 million for the comparable period of 2009. Net sales to Broadview Security and its authorized dealers in the first six months of 2010 were $21.7 million, a decrease of 14.7 percent from $25.4 million in the same period of 2009. Net sales to Broadview Security and its authorized dealers accounted for 39.9 percent of total net sales in the first six months of 2010, compared to 45.8 percent of total net sales in the first six months of 2009.

Lower net sales combined with increased inventory reserves and tooling costs contributed to lower gross profit of $9.5 million, or 17.4 percent of sales, compared to $9.9 million, or 17.8 percent of sales for the first six months of 2009. Total operating expenses decreased $2.8 million, or 28.3 percent to $7.1 million, from $10.0 million in the prior year. However, the 2009 amount includes settlement expenses of $2.5 million relating to the departure of the Company’s former chief executive officer and the cancellation of the Company’s relationship with its principal purchasing agent. Excluding the settlement costs, operating expenses improved by approximately $0.3 million.

For the first six months of 2010, UPG reported operating income of $2.4 million and pre-tax income of $2.0 million, compared to an operating loss of $39,000 and a pre-tax loss of $0.5 million in the comparable period of 2009. Excluding the settlement expenses incurred in the first quarter of 2009, UPG’s non-GAAP operating income for the 2009 period was $2.5 million, and non-GAAP pre-tax income was $2.0 million. The reduction in operating income in 2010 compared to non-GAAP operating income in 2009 was due primarily to decreases in net sales and associated gross profit, partially offset by reductions in operating expenses. UPG reported net income for the first six months of 2010 of $1.3 million, or $0.27 per share, compared to a net loss of $1.1 million, or $0.23 per share, in the first six months of 2009.

Balance Sheet and Financial Position

In the second quarter, inventory was reduced by $1.7 million, to $27.2 million, from $28.9 million at the end of the first quarter, continuing management’s objective of maintaining inventory levels to meet current levels of demand. Accounts receivable increased by $1.6 million from last quarter, while accounts payable increased by $1.8 million during the quarter. The outstanding balance on UPG’s line of credit was reduced to $11.7 million, compared to $17.2 million last quarter and $15.2 million at the end of 2009.

UPG generated operating cash flow of $2.1 million in the six months ended June 30, 2010, compared to operating cash flow of $0.6 million in the same period of 2009, reflecting the significant improvement in net income and continued efforts to control working capital. Given the considerable repayment of debt in the period, the Company ended the quarter with $0.7 million in cash and cash equivalents, down from $2.1 million at year-end.

Logistics Center Realignment

UPG also announced a number of changes to its network of logistics centers as part of its effort to reduce costs and enhance productivity without sacrificing customer service. UPG will consolidate its Oklahoma City logistics center with its main facility in Carrollton, Texas. UPG expects this move will result in improved capacity utilization and lower cost of operations.

In addition to this consolidation, UPG announced that it will move its current logistics center in Columbus, Ga. to Atlanta. The Company believes this relocation will result in better service to its customers on the East Coast who will benefit from closer proximity to air and ground transportation hubs in Atlanta. The move is expected to be completed by the expiration of the current lease at the end of the third quarter.

Edmonds concluded: “The positive results posted for the second quarter illustrate the impact of our effort to grow revenue and control costs. Despite lingering softness in the broad economy, we have taken appropriate steps to further enhance the efficiency of our operations and continue serving the needs of our customers. Over the long term, we see significant growth opportunities within the United States and internationally, but we will maintain a disciplined approach to ensure that our growth is sustainable and supported by the strength of UPG’s balance sheet and operating results.”

Reconciliation of GAAP Operating Income (Loss) and Income (Loss) Before Provision for Income Taxes to Non-GAAP Operating Income and Income Before Provision for Income Taxes (Unaudited)

The following table reconciles GAAP operating income (loss) and GAAP income (loss) before provision for income taxes, as reported, to non-GAAP operating income and non-GAAP income before provision for income taxes. We believe that non-GAAP operating income, which is generally operating income less costs related to settlement agreements, represents our operating efficiency. Non-GAAP operating income and non-GAAP income before provision for income taxes, which are non-GAAP financial measures, should not be considered alternatives to, or more meaningful than, net income prepared on a GAAP basis. Additionally, non-GAAP operating income and non-GAAP income before provision for income taxes may not be comparable to similar metrics used by others in the industry.

	Financial Summary (Non-GAAP) 
 	(unaudited) 
 	  	Three Months Ended June 30, 	  	Six Months Ended June 30, 
 		2010 	  	2009 		2010 	  	2009 
 Operating income (loss) and income (loss) before provision for income taxes as reported: 												 
 Operating expenses 		$ 	3,657,219 		$ 	3,786,800 		$ 	7,130,494 		$ 	7,421,691 
 Settlement expenses 			— 			— 			— 			2,529,345 
 Total operating expenses 			3,657,219 			3,786,800 			7,130,494 			9,951,036 
 												  
 Operating income (loss) 			1,403,503 			1,167,653 			2,363,201 			(38,819) 
 Interest expense 			(236,936) 			(233,246) 			(398,296) 			(480,796) 
 Income (loss) before provision for income taxes 			1,166,573 			934,407 			1,964,905 			(519,615)

Non-GAAP measures to exclude settlement expenses from operating expenses:

Settlement expenses — — — 2,529,345
Non-GAAP operating income $ 1,403,503 $ 1,167,653 $ 2,363,201 $ 2,490,526
Non-GAAP income before provision for income taxes $ 1,166,573 $ 934,407 $ 1,964,905 $ 2,009,730

Conference Call Information

Universal Power Group will host an investor conference call today, Wednesday, Aug. 11, 2010 at 11:30 a.m. EDT (10:30 a.m. CDT) to discuss the Company’s financial results for the quarter and six months ended June 30, 2010.

Interested parties may access the conference call by dialing 1.866.730.5768, passcode 40860835. The conference call will also be broadcast live on www.upgi.com and through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson’s individual investor portal. Institutional investors can access the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.

A replay of the conference call will be made available through Aug. 18, 2010 by calling 1.888.286.8010, passcode 54898566, and an archived webcast will be available at www.upgi.com.

About Universal Power Group, Inc.

Universal Power Group, Inc. (NYSE Amex: UPG) is a leading supplier and distributor of batteries and power accessories, and a provider of supply chain and other value-added services. UPG's product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, jump-starters, 12-volt accessories, and solar and security products. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment and value-added services such as sourcing, battery pack assembly and coordinating battery recycling efforts, as well as product development. For more information, please visit the UPG website at www.upgi.com.

Forward-Looking Statements

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 expressed 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. Historical financial results are not necessarily indicative of future performance.

UNIVERSAL POWER GROUP, INC.

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

ASSETS
June 30,
2010
December 31,
2009
CURRENT ASSETS
Cash and cash equivalents $ 662,277 $ 2,059,475
Accounts receivable:
Trade, net of allowance for doubtful accounts of $628,518 (unaudited) and $452,200 12,255,142 11,440,179
Other 292,102 13,561
Inventories – finished goods, net of allowance for obsolescence of $1,150,137 (unaudited) and $756,671 27,169,530 30,977,213
Current deferred tax asset 1,383,520 1,151,635
Prepaid expenses and other current assets 1,084,970 1,064,152
Total current assets 42,847,541 46,706,215

PROPERTY AND EQUIPMENT
Logistics and distribution systems 1,812,379 1,807,069
Machinery and equipment 991,261 984,918
Furniture and fixtures 394,660 385,940
Leasehold improvements 402,849 388,334
Vehicles 199,992 222,549
Total property and equipment 3,801,141 3,788,810
Less accumulated depreciation and amortization (2,241,940) (1,940,715)
Net property and equipment 1,559,201 1,848,095

OTHER ASSETS 270,335 313,754
NON-CURRENT DEFERRED TAX ASSET 470,242 771,490
TOTAL ASSETS $ 45,147,319 $ 49,639,554

UNIVERSAL POWER GROUP, INC.

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (CONTINUED)

LIABILITIES AND SHAREHOLDERS’ EQUITY

June 30,
2010
December 31,
2009
CURRENT LIABILITIES
Line of credit $ 11,689,710 $ 15,174,305
Accounts payable 10,341,952 11,971,502
Income taxes payable — 698,654
Accrued liabilities 819,432 384,976
Current portion of settlement expenses 861,155 955,730
Current portion of capital lease and note obligations 25,952 25,535
Current portion of deferred rent 82,210 92,040
Total current liabilities 23,820,409 29,302,742

LONG-TERM LIABILITIES
Settlement expenses, less current portion 599,894 985,027
Capital lease and note obligations, less current portion 37,764 50,606
Deferred rent, less current portion — 36,103
Non-current deferred tax liability 214,009 233,654
Total long term liabilities 851,667 1,305,390

TOTAL LIABILITIES 24,672,076 30,608,132

COMMITMENTS AND CONTINGENCIES

SHAREHOLDERS’ EQUITY
Common stock - $0.01 par value, 50,000,000 shares authorized, 5,000,000 shares issued and outstanding 50,000 50,000
Additional paid-in capital 15,983,236 15,951,626
Retained earnings 4,664,125 3,314,887
Accumulated other comprehensive loss (222,118) (285,091)
Total shareholders’ equity 20,475,243 19,031,422

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 45,147,319 $ 49,639,554

UNIVERSAL POWER GROUP, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

Three Months Ended June 30, Six Months Ended June 30,
2010 2009 2010 2009
Net sales $ 28,393,923 $ 27,947,335 $ 54,428,718 $ 55,636,258
Cost of sales 23,333,195 22,992,882 44,935,023 45,724,041
Gross profit 5,060,728 4,954,453 9,493,695 9,912,217

Operating expenses 3,657,219 3,786,800 7,130,494 7,421,691
Settlement expenses — — — 2,529,345
Total operating expenses 3,657,219 3,786,800 7,130,494 9,951,036

Operating income (loss) 1,403,509 1,167,653 2,363,201 (38,819)

Interest expense (including $0, $71,102, $0 and $146,831 to Zunicom, Inc.) (236,936) (233,246) (398,296) (480,796)

Income (loss) before provision for income taxes 1,166,573 934,407 1,964,905 (519,615)
Provision for income taxes (323,044) (322,066) (615,667) (617,997)
Net income (loss) $ 843,529 $ 612,341 $ 1,349,238 $ (1,137,612)
Net income (loss) per share
Basic $ 0.17 $ 0.12 $ 0.27 $ (0.23)
Diluted $ 0.17 $ 0.12 $ 0.27 $ (0.23)
Weighted average shares outstanding
Basic 5,000,000 5,000,000 5,000,000 5,000,000
Diluted 5,008,976 5,000,000 5,008,976 5,000,000

UNIVERSAL POWER GROUP, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

Six Months Ended June 30,
2010 2009
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss) $ 1,349,238 $ (1,137,612)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization 381,965 392,036
Provision for bad debts 168,341 230,000
Provision for obsolete inventory 420,000 170,000
Deferred income taxes 49,718 (53,994)
Gain on disposal of property (2,000) —
Stock-based compensation 31,610 (18,230)
Changes in operating assets and liabilities:
Accounts receivable – trade (983,304) (1,604,746)
Accounts receivable – other (278,541) 5,764
Inventories 3,387,683 7,110,306
Prepaid expenses and other current assets (20,818) (184,886)
Income tax receivable/payable (698,654) 193,386
Accounts payable (1,629,551) (7,602,920)
Accrued liabilities 497,429 772,439
Settlement expenses (479,709) 2,390,776
Deferred rent (45,933) (31,382)
Net cash provided by operating activities 2,147,474 630,937

CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment (34,889) (31,105)
Proceeds from sales of equipment 2,000 —
Net cash paid in Monarch acquisition — (892,000)
Change in restricted cash — 900,000
Net cash used in investing activities (32,889) (23,105)

CASH FLOWS FROM FINANCING ACTIVITIES
Net activity on line of credit (3,484,595) 146,163
Payments on capital lease and note obligations (27,188) (3,400)
Payment on notes payable to Zunicom, Inc. — (731,250)
Net cash used in financing activities (3,511,783) (588,487)

Net increase (decrease) in cash and cash equivalents (1,397,198) 19,345
Cash and cash equivalents at beginning of period? 2,059,475 326,194
Cash and cash equivalents at end of period $ 662,277 $ 345,539

SUPPLEMENTAL DISCLOSURES
Income taxes paid $ 1,579,341 $ 276,080
Interest paid $ 197,061 $ 480,796

NONCASH FINANCING AND INVESTING ACTIVITIES
Purchase of equipment with a note payable $ — $ 38,556

Contact:

Universal Power Group, Inc.
Company Contact:
Mimi Tan, SVP, 469-892-1122
tanm@upgi.com
or
Investor Relations:
Lambert, Edwards & Associates
Jeff Tryka, CFA or Karen Keller, 616-233-0500
jtryka@lambert-edwards.com

MikeDDKing PremiumMember

05/12/10 8:13 AM

Post #60

Universal Power Group Reports First Quarter Results
May 12, 2010 08:00 AM Eastern Daylight Time

CARROLLTON, Texas--(BUSINESS WIRE)--Universal Power Group, Inc. (NYSE Amex: UPG), a Texas-based distributor and supplier of batteries and related power accessories and a third-party logistics provider, today announced financial results for the quarter ended March 31, 2010.

For the quarter, UPG reported net income of $0.5 million, or $0.10 per share, on net sales of $26.0 million. These results compare with a net loss of $1.7 million, or $0.35 per share, on net sales of $27.7 million reported in the first quarter of 2009. Results for the first quarter of 2009 included a $2.5 million charge for settlement expenses.

“We made progress on a number of strategic fronts in the first quarter in spite of a continued challenging environment,” stated UPG’s President and Chief Executive Officer, Ian Edmonds. “Continued softness in some of our markets contributed to the lower sales in the quarter, and although it was lower than a year ago, our gross margin for the 2010 quarter was still better than our historical average. From a strategy perspective, we are working to grow our revenues through new products, particularly products resulting from marketing, product development and licensing agreements signed over the last year, and by expanding existing product lines into new markets. As we execute on these strategies, we expect to see a gradual improvement in sales and product mix over time.”

First Quarter Overview

Net sales for the first quarter fell 6.0 percent, to $26.0 million from $27.7 million, in the first quarter of 2009. Net sales of batteries, related power accessories and other products to customers other than Broadview Securities and its authorized dealers fell marginally to $15.0 million in the first quarter of 2010 compared to $15.1 million for the first quarter of 2009. Net sales to Broadview Security and its authorized dealers in the first quarter were $11.0 million, a decrease of 12.0 percent, from $12.5 million in the same quarter of 2009. Net sales to Broadview Security and its authorized dealers accounted for 42.4 percent of total net sales in the first quarter of 2010, compared to 45.2 percent of total net sales in the first quarter of 2009.

Lower net sales, combined with increased inventory reserves and tooling costs for new products resulted in a 17.0 percent gross margins for the quarter, compared to 17.9 percent for the first quarter of 2009. Despite the decrease, gross margins remain higher than gross margins prior to 2009. UPG reported gross profit of $4.4 million in the quarter, compared to gross profit of $5.0 million in the prior-year quarter.

Operating expenses decreased by $2.7 million, or 43.7 percent, to $3.5 million in the first quarter, compared to $6.2 million in the first quarter of 2009. However, the 2009 amount includes settlement expenses of $2.5 million relating to the departure of the Company’s former chief executive officer and the cancellation of the Company’s relationship with its principal purchasing agent, both of which occurred in the first quarter of 2009. Excluding the settlement expenses, operating expenses improved by approximately $0.2 million, primarily as a result of reductions in professional fees and personnel costs, as well as reductions in corporate insurance and legal expenses.

For the first quarter of 2010, UPG reported operating income of $1.0 million and pre-tax income of $0.8 million, compared to an operating loss of $1.2 million and a pre-tax loss of $1.5 million in the first quarter of 2009. Excluding the settlement expenses incurred in the first quarter of 2009, UPG’s non-GAAP operating income for the 2009 period was $1.3 million, and non-GAAP pre-tax income was $1.1 million. The reduction in operating income and pre-tax income in 2010 compared to non-GAAP operating income and non-GAAP pre-tax income in the first quarter of 2009 was due primarily to decreases in net sales and associated gross profit. At the bottom line, UPG reported net income of $0.5 million, or $0.10 per share, compared to a net loss of $1.7 million, or $0.35 per share, in the first quarter of 2009.

Balance Sheet and Financial Position

In the first quarter, inventory was reduced by $2.1 million, to $28.9 million, from $31.0 million at the end of 2009, which was in line with management’s objective of maintaining appropriate inventory levels to meet current levels of net sales. Accounts receivable were reduced by $0.8 million from year end, while accounts payable were reduced by $3.4 million during the quarter. The outstanding balance on UPG’s line of credit increased to $17.2 million, compared to $15.2 million at the end of 2009.

UPG generated operating cash flow of $0.5 million in the three months ended March 31, 2010, compared to negative operating cash flow of $2.3 million in the same period of 2009, reflecting the significant improvement in net income. The Company ended the quarter with $4.5 million in cash and cash equivalents, up from $2.1 million at year-end.

Edmonds concluded: “Although we were disappointed with the decrease in net sales during the first quarter, we remain confident that we will see some improvements this year. With our current infrastructure, we can support significantly higher levels of sales, which means that we are well-positioned to improve our operating results over the balance of 2010. To that end, we continue to focus on new products and markets. We are committed to growing UPG while maintaining financial discipline and the strength of our balance sheet.”

Reconciliation of GAAP Operating Income (Loss) and Income (Loss) Before Provision for Income Taxes to Non-GAAP Operating Income and Income Before Provision for Income Taxes (Unaudited)

The following table reconciles operating income (loss) and income (loss) before provision for income taxes, as reported in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”), to non-GAAP operating income and income before provision for income taxes. We believe that non-GAAP operating income, which is generally operating income less costs related to settlement agreements, more accurately reflects the Company’s operating efficiency. Non-GAAP operating income and income before provision for income taxes are non-GAAP financial measures and should not be considered an alternative to, or more meaningful than, net income prepared on a GAAP basis. Additionally, non-GAAP operating income and income before provision for income taxes may not be comparable to similar metrics used by others in our industry.

Financial Summary (Non-GAAP)

(unaudited)

Three Months Ended March 31,

2010

2009

Operating income (loss) and income (loss) before provision for income taxes as reported:

Operating expenses $ 3,473,275 $ 3,634,890
Settlement expenses – 2,529,345
Total operating expenses 3,473,275 6,164,235

Operating income (loss) 959,692 (1,206,471 )
Other expense, net (161,360 ) (247,550 )
Income (loss) before provision for income taxes 798,332 (1,454,021 )

Non-GAAP measures to exclude settlement expenses from operating expenses:

Settlement expenses — 2,529,345
Non-GAAP operating income $ 959,692 $ 1,322,874
Non-GAAP income before provision for income taxes $ 798,332 $ 1,075,324

Conference Call Information

Universal Power Group will host an investor conference call today, Wednesday, May 12, 2010 at 11:30 a.m. EDT (10:30 a.m. CDT) to discuss the Company’s financial results for the first quarter ended March 31, 2010.

Interested parties may access the conference call by dialing 1.866.804.6925, passcode 67530212. The conference call will also be broadcast live on www.upgi.com and through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson’s individual investor portal. Institutional investors can access the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.

A replay of the conference call will be made available through May 19, 2010 by calling 1.888.286.8010, passcode 50470872, and an archived webcast will be available at www.upgi.com.

About Universal Power Group, Inc.

Universal Power Group, Inc. (NYSE Amex: UPG) is a leading supplier and distributor of batteries and power accessories, and a provider of supply chain and other value-added services. UPG's product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, jump-starters, 12-volt accessories, and solar and security products. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment and value-added services such as sourcing, battery pack assembly and coordinating battery recycling efforts, as well as product development. For more information, please visit the UPG website at www.upgi.com.

Forward-Looking Statements

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 expressed 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. Historical financial results are not necessarily indicative of future performance.

UNIVERSAL POWER GROUP, INC.
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
ASSETS

March 31,
2010 December 31,
2009

CURRENT ASSETS
Cash and cash equivalents $ 4,529,003 $ 2,059,475
Accounts receivable:
Trade, net of allowance for doubtful accounts of $542,200 and $452,200 10,650,458 11,440,179
Other 14,542 13,561
Inventories – finished goods, net of allowance for obsolescence of $964,919 and $756,671 28,850,617 30,977,213
Current deferred tax asset 1,344,841 1,151,635
Prepaid expenses and other current assets 1,108,505 1,064,152
Total current assets 46,497,966 46,706,215

PROPERTY AND EQUIPMENT
Logistics and distribution systems 1,812,379 1,807,069
Machinery and equipment 984,918 984,918
Furniture and fixtures 385,940 385,940
Leasehold improvements 402,849 388,334
Vehicles 199,992 222,549
Total property and equipment 3,786,078 3,788,810
Less accumulated depreciation and amortization (2,081,259 ) (1,940,715 )
Net property and equipment 1,704,819 1,848,095

OTHER ASSETS 299,427 313,754
NON-CURRENT DEFERRED TAX ASSET 459,635 771,490
TOTAL ASSETS $ 48,961,847 $ 49,639,554

UNIVERSAL POWER GROUP, INC.
CONSOLIDATED BALANCE SHEETS (UNAUDITED) (CONTINUED)
LIABILITIES AND SHAREHOLDERS’ EQUITY

March 31,
2010 December 31,
2009

CURRENT LIABILITIES
Line of credit $ 17,212,595 $ 15,174,305
Accounts payable 8,548,057 11,971,502
Income taxes payable 729,084 698,654
Accrued liabilities 778,680 384,976
Current portion of settlement expenses 929,191 955,730
Current portion of capital lease and note obligations 25,573 25,535
Current portion of deferred rent 92,409 92,040
Total current liabilities 28,315,589 29,302,742

LONG-TERM LIABILITIES
Settlement expenses, less current portion 777,388 985,027
Capital lease and note obligations, less current portion 44,694 50,606
Deferred rent, less current portion 12,766 36,103
Non-current deferred tax liability 224,445 233,654
Total long-term liabilities 1,059,293 1,305,390

TOTAL LIABILITIES 29,374,882 30,608,132

COMMITMENTS AND CONTINGENCIES

SHAREHOLDERS’ EQUITY
Common stock - $0.01 par value, 50,000,000 shares authorized, 5,000,000 shares issued and outstanding 50,000 50,000
Additional paid-in capital 15,967,431 15,951,626
Retained earnings 3,820,596 3,314,887
Accumulated other comprehensive loss (251,062 ) (285,091 )
Total shareholders’ equity 19,586,965 19,031,422

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 48,961,847 $ 49,639,554

UNIVERSAL POWER GROUP, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

Three Months Ended March 31,
2010 2009
Net sales $ 26,034,805 $ 27,688,923
Cost of sales 21,601,838 22,731,159
Gross profit 4,432,967 4,957,764

Operating expenses 3,473,275 3,634,890
Settlement expenses — 2,529,345
Total operating expenses 3,473,275 6,164,235

Operating income (loss) 959,692 (1,206,471 )

Interest expense (including $0 and $75,729 to Zunicom, Inc.) (161,360 ) (247,550 )

Income (loss) before provision for income taxes 798,332 (1,454,021 )
Provision for income taxes (292,623 ) (295,930 )
Net income (loss) $ 505,709 $ (1,749,951 )
Net income (loss) per share
Basic $ 0.10 $ (0.35 )
Diluted $ 0.10 $ (0.35 )
Weighted average number of shares outstanding
Basic 5,000,000 5,000,000
Diluted 5,017,740 5,000,000

UNIVERSAL POWER GROUP, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

Three Months Ended March 31,
2010 2009
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss) $ 505,709 $ (1,749,951 )
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization 192,193 195,456
Provision for bad debts 83,531 90,000
Provision for obsolete inventory 210,000 60,000
Deferred income taxes 109,440 79,992
Gain on disposal of property (2,000 ) —
Stock-based compensation 15,805 (34,036 )
Changes in operating assets and liabilities:
Accounts receivable – trade 706,190 (345,559 )
Accounts receivable – other (981 ) 1,505
Inventories 1,916,596 2,325,511
Income tax receivable/payable 30,430 193,386
Prepaid expenses and other current assets (44,353 ) (18,984 )
Accounts payable (3,423,445 ) (5,889,800 )
Accrued liabilities 427,733 352,982
Settlement expenses (234,179 ) 2,496,182
Deferred rent (22,967 ) (15,691 )
Net cash provided by (used in) operating activities 469,702 (2,259,007 )

CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment (19,826 ) (24,884 )
Proceeds from sales of equipment 2,000 —
Net cash paid in Monarch acquisition — (892,000 )
Change in restricted cash — 900,000
Net cash used in investing activities (17,826 ) (16,884 )

CASH FLOWS FROM FINANCING ACTIVITIES
Net activity on line of credit 2,038,290 2,840,058
Payments on capital lease and note obligations (20,638 ) (1,345 )
Payment on notes to Zunicom, Inc. — (365,625 )
Net cash provided by financing activities 2,017,652 2,473,088

Net increase in cash and cash equivalents 2,469,528 197,197
Cash and cash equivalents at beginning of period? 2,059,475 326,194
Cash and cash equivalents at end of period $ 4,529,003 $ 523,391

SUPPLEMENTAL DISCLOSURES
Income taxes paid $ 150,110 $ 9,571
Interest paid $ 15,627 $ 246,929

NONCASH FINANCING AND INVESTING ACTIVITIES
Purchase of equipment with a note payable $ — $ 38,556

Contacts

Universal Power Group, Inc.
Company Contact:
Mimi Tan, SVP, 469-892-1122
tanm@upgi.com
or
Lambert, Edwards & Associates
Investor Relations:
Jeff Tryka, CFA or Karen Keller, 616-233-0500
jtryka@lambert-edwards.com

MikeDDKing PremiumMember

04/29/10 4:33 PM

Post #59

Universal Power Group Announces Date for First Quarter 2010 Earnings Release and Conference Call
On Thursday April 29, 2010, 4:30 pm

CARROLLTON, Texas--(BUSINESS WIRE)--Universal Power Group, Inc. (NYSE Amex:UPG), a leading provider of third-party logistics and supply chain management services, and a global distributor of batteries, security products and related portable power products, today announced that it will release its first quarter 2010 financial results before the market opens on Wednesday, May 12, 2010.

Universal Power Group will also host an investor conference call on Wednesday, May 12, 2010 at 11:30 a.m. ET (10:30 a.m. CT) to discuss its financial results. Interested parties may access the conference call by dialing 1-866-804-6925; passcode 67530212. The conference call will also be broadcast live on www.upgi.com and through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson’s individual investor portal. Institutional investors can access the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.

A replay of the conference call will be made available through May 19, 2010 by calling 1-888-286-8010, passcode 50470872, and an archived webcast will be available at www.upgi.com.

About Universal Power Group, Inc.

Universal Power Group, Inc. (NYSE Amex:UPG) is a leading supplier and distributor of batteries and power accessories, and a provider of supply chain and other value-added services. UPG's product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, jump-starters, 12-volt accessories, solar and security products. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment and value-added services such as sourcing, battery pack assembly, coordination of battery recycling efforts, and product design and development. For more information, please visit the UPG website at www.upgi.com.

Forward-Looking Statements

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 expressed 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. Historical financial results are not necessarily indicative of future performance.

Contact:

Universal Power Group, Inc.
Mimi Tan, SVP, 469-892-1122
tanm@upgi.com
or
Lambert, Edwards & Associates
Jeff Tryka, 616-233-0500
jtryka@lambert-edwards.com

MikeDDKing PremiumMember

03/29/10 11:41 PM

Post #58

Re: #57: @MikeDDKing - Universal Power Group Reports Fourth Quarter and Annual Results

That was a solid Q4 for UPG. They made $0.08/share.

My guess is that UPG earns $0.50+ in 2010.

MikeDDKing PremiumMember

03/29/10 11:40 PM

Post #57

Universal Power Group Reports Fourth Quarter and Annual Results
On Monday March 29, 2010, 10:45 pm

CARROLLTON, Texas--(BUSINESS WIRE)--Universal Power Group, Inc. (NYSE Amex: UPG), a Texas-based distributor and supplier of batteries and related power accessories and a provider of supply chain and other value-added services, reported operating results for the fourth quarter and year ended December 31, 2009.

The Company highlighted a number of achievements for the year, including the following:

* Completing a management transition and naming a new president and CEO;
* Cancelling its agreement with its primary sourcing agent, resulting in enhanced efficiency, better responsiveness to customer demand and reduced operating costs over the long term;
* Launching a line of Energizer® branded automotive power accessories under a licensing agreement with Energizer Battery, Inc.;
* Launching Adventure Power®, a complete line of recreational batteries for motorcycles and powersports;
* Launching a revamped website to better showcase and market its product and service offerings;
* Improving overall efficiencies by reducing inventory levels and better managing the supply chain;
* Refinancing its working capital credit facility with a new one that increases borrowing capacity and lowers the cost of funds;
* Settling at a discount of $300,000, the outstanding 6% notes payable to Zunicom, having an aggregate outstanding principal and interest balance of $4.0 million;
* Improved operating results in the fourth quarter compared to the fourth quarter of 2008; and,
* Achieving improved year-to-year operating results on a Non-GAAP basis after excluding settlement charges incurred in the first quarter.

“Overall, I am pleased with our accomplishments for 2009,” stated UPG’s President and Chief Executive Officer, Ian Edmonds. “I believe we have set the course for growth and better bottom-line results in the years to come. We made considerable strides in terms of our operating efficiency despite the challenging economic environment. And we’ve done that while continuing to deliver top-notch quality, value and service to our customers. We also took a number of steps which, in the short term, had an adverse impact on our net income. However, we believe these changes will result in long-term benefits. In addition, we achieved milestones in expanding our business into new markets and entering new strategic partnerships. Each has set the stage for future growth and will enhance our ability to meet the evolving needs of our customers.”

Fourth Quarter and Full-Year Overview

Net sales for the fourth quarter rose 1.8 percent, to $28.0 million, from $27.5 million in the fourth quarter of 2008. Revenues from battery, related power accessories and other products increased 10.3 percent to $16.3 million in the fourth quarter of 2009, compared with $14.8 million for the fourth quarter of 2008. UPG attributed the improved sales to more targeted sales efforts, a modest improvement in consumer demand, and the impact of various operational efficiencies the Company put in place during the year. For the full year, net sales fell 5.7 percent, to $111.2 million, from $117.9 million last year. For the full year, net sales of batteries, related power accessories and other products decreased 5.8 percent, to $61.0 million, from $64.8 million in 2008. The decrease in year-to-year net sales was a function of general economic conditions during the first nine months of 2009.

UPG reported fourth quarter 2009 net sales from Broadview Security and its authorized dealers of $11.7 million, a decrease of 7.9 percent year-over-year from $12.7 million in the same quarter of 2008. For the full year, net sales from Broadview Security and its authorized dealers declined 5.6 percent year-over-year to $50.2 million, compared to $53.1 million in 2008. Net sales from Broadview Security and its authorized dealers accounted for 45.0 percent of total revenues in 2009 and in 2008.

Despite a 5.7 percent decline in net sales, UPG posted higher gross margins for the year of 17.4 percent of net sales, compared to 15.5 percent for 2008. UPG also reported gross profit of $19.4 million in 2009, compared to gross profit of $18.3 million for the prior year, attributing the growth to more focused sales efforts, reduced volatility in raw material costs and improved efficiencies across the Company’s supply chain. Operating expenses increased by $2.2 million, or 14.5 percent, to $17.2 million in 2009, compared to $15.1 million in 2008. The Company attributed the increase to the $2.5 million in settlement charges incurred in the first quarter related to the departure of the Company’s former CEO, and to the cancellation of the agreement with the Company’s former primary independent sourcing agent.

For the full year, UPG reported operating income of $2.1 million, compared to operating income of $3.2 million for 2008. For the year, UPG reported a net loss of $0.1 million, or ($0.03) per share, compared to net income of $1.2 million, or $0.25 per share in the prior year.

Excluding the settlement charges incurred in the first quarter, UPG’s non-GAAP operating income would have been $4.7 million, an increase of 44.0 percent over the prior year, and non-GAAP net income before provision for income taxes would have been $3.7 million, an increase of approximately 62.6 percent over 2008.

Balance Sheet and Financial Position

In 2009, inventory was reduced by $6.3 million, to $31.0 million, in line with management’s commitment to reduce inventory levels from the high levels at the end of 2008. Management remains focused on controlling inventory levels, improving overall operating efficiencies and increasing inventory turnover, while effectively supporting customer demand. UPG also reduced total outstanding indebtedness to $15.2 million, compared to $19.5 million at the end of 2008, reflecting the settlement of 6% notes payable to Zunicom, due in 2012 having an aggregate outstanding principal balance of approximately $4.0 million.

UPG generated operating cash flow of $5.9 million in the twelve months ended Dec. 31, 2009, compared to operating cash flow of $0.6 million in the same period of 2008. The improved cash generated by operations in 2009 was used primarily to reduce outstanding borrowings. The Company ended the year with $2.1 million in cash and cash equivalents.

Edmonds concluded: “We believe the steps we have taken over the past year to reduce our costs and expenses, combined with a more strategic approach to sales, have created growth opportunities for UPG that we hope to exploit in a strategic manner.”

Reconciliation of GAAP Operating Income and Income Before Provision for Income Taxes to Non-GAAP Operating Income and Income Before Provision for Income Taxes (Unaudited)

The following table reconciles operating income and income before provision for income taxes, as reported in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”), to non-GAAP operating income and income before provision for income taxes. We believe that non-GAAP operating income, which is generally operating income less costs related to settlement agreements, more accurately reflects our operating efficiency. Non-GAAP operating income and income before provision for income taxes are non-GAAP financial measures and should not be considered an alternative to, or more meaningful than, net income prepared on a GAAP basis. Additionally, non-GAAP operating income and income before provision for income taxes may not be comparable to similar metrics used by others in our industry.

Financial Summary (Non-GAAP)

(unaudited)

December 31,

2009

2008
Operating income and income before provision for
income taxes as reported:

Operating expenses $ 14,714,680 $ 15,063,398
Settlement expenses 2,529,345 —
Total operating expenses 17,244,025 15,063,398

Operating income 2,128,878 3,234,670
Other expense, net (955,874) (957,557)
Income before provision for income taxes 1,173,004 2,277,112

Non-GAAP measures to exclude settlement expenses
from operating expenses:

Settlement expenses 2,529,345 —
Non-GAAP operating income $ 4,658,223 $ 3,234,670
Non-GAAP income before provision for income taxes $ 3,702,349 $ 2,277,113

Conference Call Information

Universal Power Group will host an investor conference call tomorrow, Tuesday, March 30, 2010 at 11:30 a.m. EDT (10:30 a.m. CDT) to discuss financial results for the fourth quarter and full year ended Dec. 31, 2009.

Interested parties may access the conference call by dialing 1.866.788.0538, passcode 59207467. The conference call will also be broadcast live on www.upgi.com and through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson’s individual investor portal. Institutional investors can access the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.

A replay of the conference call will be made available through April 6, 2010 by calling 1.888.286.8010, passcode 25023912, and an archived webcast will be available at www.upgi.com.

About Universal Power Group, Inc.

Universal Power Group, Inc. (NYSE Amex: UPG) is a leading supplier and distributor of batteries and power accessories, and a provider of supply chain and other value-added services. UPG's product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, jump-starters, 12-volt accessories, and solar and security products. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment and value-added services such as sourcing, battery pack assembly, and coordinating battery recycling efforts as well as product development. For more information, please visit the UPG website at www.upgi.com.

Forward-Looking Statements

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 expressed 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. Historical financial results are not necessarily indicative of future performance.

UNIVERSAL POWER GROUP, INC.

CONSOLIDATED BALANCE SHEETS

ASSETS

December 31,

2009

2008
CURRENT ASSETS
Cash and cash equivalents $ 2,059,475 $ 326,194
Restricted cash — 900,000
Accounts receivable:
Trade, net of allowance for doubtful accounts of $452,200 and $1,143,213 11,440,179 12,423,279
Other 13,561 50,303
Inventories – finished goods, net of allowance for obsolescence of $756,671 and $358,350 30,977,213 37,304,500
Current deferred tax asset 1,151,635 1,555,173
Income tax receivable — 193,386
Prepaid expenses and other current assets 1,064,152 880,528
Total current assets 46,706,215 53,633,363
PROPERTY AND EQUIPMENT
Logistics and distribution systems 1,807,069 1,795,935
Machinery and equipment 984,918 651,916
Furniture and fixtures 385,940 436,424
Leasehold improvements 388,334 388,334
Vehicles 222,549 155,630
Total property and equipment 3,788,810 3,428,239
Less accumulated depreciation and amortization (1,940,715) (1,407,712)
Net property and equipment 1,848,095 2,020,527
OTHER ASSETS 313,754 86,879
NON-CURRENT DEFERRED TAX ASSET 771,490 —
TOTAL ASSETS $ 49,639,554 $ 55,740,769

UNIVERSAL POWER GROUP, INC.

CONSOLIDATED BALANCE SHEETS (CONTINUED)

LIABILITIES AND SHAREHOLDERS’ EQUITY

December 31,

2009

2008
CURRENT LIABILITIES
Line of credit $ 15,174,305 $ 14,351,775
Accounts payable 11,971,502 16,418,768
Income taxes payable 698,654 24,712
Accrued liabilities 384,976 175,388
Interest rate swap liability — 484,131
Current portion of payable to Zunicom, Inc. — 1,462,500
Current portion of settlement expenses 955,730 —
Current portion of capital lease obligations 25,535 —
Current portion of deferred rent 92,040 57,984
Total current liabilities 29,302,742 32,975,258
LONG-TERM LIABILITIES
Notes payable to Zunicom, Inc. , less current portion — 3,656,250
Settlement expenses, less current portion 985,027 —
Capital lease obligations, less current portion 50,606 —
Deferred rent, less current portion 36,103 168,317
Non-current deferred tax liability 233,654 230,611
Total long-term liabilities 1,305,390 4,055,178
TOTAL LIABILITIES 30,608, 132 37,030,436
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY
Common stock - $0.01 par value, 50,000,000 shares authorized, 5,000,000 shares issued and outstanding 50,000 50,000
Additional paid-in capital 15,951,626 15,529,783
Retained earnings 3,314,887 3,450,076
Accumulated other comprehensive loss (285,091) (319,526)
Total shareholders’ equity 19,031,422 18,710,333
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 49,639,554 $ 55,740,769

UNIVERSAL POWER GROUP, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

December 31,

2009

2008
Net sales $ 111,170,726 $ 117,897,644
Cost of sales 91,797,823 99,599,576
Gross profit 19,372,903 18,298,068
Operating expenses 17,244,025 15,063,398
Operating income 2,128,878 3,234,670
Other income (expense)
Interest expense (including $310,000 and $346,000 to Zunicom, Inc.) (953,251) (1,003,195)
Other, net (2,623) 45,638
Total other expense, net (955,874) (957,557)
Income before provision for income taxes 1,173,004 2,277,113
Provision for income taxes (1,308,193) (1,050,990)
Net income $ (135,189) $ 1,226,123
Net income per share
Basic and Diluted $ (0.03) $ 0.25
Weighted average shares outstanding
Basic and diluted 5,000,000 5,000,000

UNIVERSAL POWER GROUP, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

December 31,

2009

2008
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss) $ (135,189) $ 1,226,123
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization 802,454 547,256
Provision for bad debts 415,808 1,143,213
Provision for obsolete inventory 599,145 180,000
Deferred income taxes (196,857) (202,298)
Loss on disposal of property and equipment 2,623 6,064
Stock-based compensation 36,969 148,099
Changes in operating assets and liabilities:
Accounts receivable – trade 592,626 (973,062)
Accounts receivable – other 36,742 98,959
Inventories 5,945,535 (5,139,123)
Income tax receivable/payable 867,328 (193,386)
Prepaid expenses and other current assets (183,624) 379
Other assets (60,716) (42,920)
Accounts payable (4,448,443) 4,161,418
Accrued liabilities (222,367) (337,148)
Settlement expenses 1,940,758 —
Deferred rent (98,159) (18,921)
Net cash provided by operating activities 5,894,633 604,653

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment (56,761) (851,766)
Proceeds from sale of equipment 1,000 1,134
Escrow deposit 900,000 (900,000)
Net cash paid in Monarch acquisition (892,000) —
Net cash used in investing activities (47,761) (1,750,632)

CASH FLOWS FROM FINANCING ACTIVITIES
Net activity on line of credit 822,530 1,518,744
Payments on capital lease and note obligations (16,454) (6,609)
Payment on notes to Zunicom, Inc. (4,919,667) (731,250)
Net cash provided by (used in) financing activities (4,113,591) 780,885

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 1,733,281 (365,094)
Cash and cash equivalents at beginning of year? 326,194 691,288
Cash and cash equivalents at end of year $ 2,059,475 $ 326,194

SUPPLEMENTAL DISCLOSURES
Income taxes paid $ 871,052 $ 1,387,650
Interest paid $ 972,784 $ 1,003,195

NONCASH FINANCING AND INVESTING ACTIVITIES
Property and equipment acquired through capital leases or notes payable $ 86,066 $ —
Cumulative tax effect of Unicap adjustment treated as a capital contribution from Zunicom, Inc. $ 185,791 $ —
Gain on settlement with Zunicom, Inc. $ 301,641 $ —

Contact:

Universal Power Group, Inc.
Company Contact:
Mimi Tan, SVP, 469-892-1122
tanm@upgi.com
or
Investor Relations:
Lambert, Edwards & Associates
Jeff Tryka, CFA, 616-233-0500
jtryka@lambert-edwards.com

MikeDDKing PremiumMember

03/18/10 9:10 AM

Post #56

Universal Power Group Announces Date for Fourth Quarter and Full Year 2009 Earnings Release and Conference Call
On Thursday March 18, 2010, 9:07 am

CARROLLTON, Texas--(BUSINESS WIRE)--Universal Power Group, Inc. (NYSE Amex:UPG), a leading provider of third-party logistics and supply chain management services, and a global distributor of batteries, security products and related portable power products, today announced that it will release its fourth quarter and full year 2009 financial results after the market closes on Monday, March 29, 2010.

Universal Power Group will also host an investor conference call on Tuesday, March 30, 2010 at 11:30 a.m. ET (10:30 a.m. CT) to discuss its financial results. Interested parties may access the conference call by dialing 1.866.788.0538; passcode 59207467. The conference call will also be broadcast live on www.upgi.com and through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson’s individual investor portal. Institutional investors can access the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.

A replay of the conference call will be made available through April 6, 2010 by calling 1.888.286.8010, passcode 25023912, and an archived webcast will be available at www.upgi.com.

About Universal Power Group, Inc.

Universal Power Group, Inc. (NYSE Amex: UPG) is a leading supplier and distributor of batteries and power accessories, and a provider of supply chain and other value-added services. UPG's product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, jump-starters, 12-volt accessories, solar and security products. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment and value-added services such as sourcing, battery pack assembly, coordination of battery recycling efforts, and product design and development. For more information, please visit the UPG website at www.upgi.com.

Forward-Looking Statements

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 expressed 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. Historical financial results are not necessarily indicative of future performance.

Contact:

Company Contact:
Universal Power Group, Inc.
Mimi Tan, SVP
469-892-1122
tanm@upgi.com
or
Investor Relations:
Lambert, Edwards & Associates
Jeff Tryka
616-233-0500
jtryka@lambert-edwards.com

MikeDDKing PremiumMember

01/21/10 3:18 PM

Post #55

Julian Tymczyszyn a 5%+ UPG shareholder added 7,149 shares in 2009.

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6996406-1484-7459&type=sect&TabIndex=2&companyid=720619&ppu=%252fdefault.aspx%253fcik%253d1372000

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6292780-1543-6468&type=sect&TabIndex=2&companyid=720619&ppu=%252fdefault.aspx%253fcik%253d1372000

MikeDDKing PremiumMember

01/12/10 3:28 PM

Post #54

Energizer(R) All-in-One Auto Charger From Universal Power Group Wins Popular Mechanics 2010 Editors' Choice Award
Recognized Among Top 22 Products at 2010 International Consumer Electronics Show for Outstanding Product Design and Innovation
marketwire

On Tuesday January 12, 2010, 3:23 pm

ST. LOUIS, MO--(Marketwire - 01/12/10) - Energizer Holdings, Inc. (NYSE:ENR - News) and partner Universal Power Group, Inc. (AMEX:UPG - News), a Texas-based distributor and supplier of batteries and related power accessories, today announced that the new Energizer? All-in-One Auto Charger was honored with the Popular Mechanics 2010 Editor's Choice Award. They join 22 other leading technology companies recognized by the magazine for introducing innovative new products at the International Consumer Electronics Show (CES), held Jan. 7-10 in Las Vegas. The technology editors of Popular Mechanics view the thousands of new products displayed at the show in order to select those that demonstrate outstanding design and innovation.

The Energizer All-in-One's evolutionary design is a marked improvement over traditional jump-starters. As the editors of Popular Mechanics note, "The Energizer All-in-One improves on the concept in two ways. First, it's versatile -- the same compact unit can power accessories and inflate an automotive tire. Secondly, it positively bristles with ergonomic, color-coded, user-friendly design. The All-in-One constitutes a $150 insurance plan against everyday automotive adversity."

Unlike traditional jump-starters, the All-in-One adds the functionality of an inverter to convert power from the vehicle's DC adapter to AC and USB outlets, as well as an air compressor, so tires can be inflated.

"After a year of hard work by our team at UPG and Energizer, we are honored to receive this recognition from Popular Mechanics' editors," said Ian Edmonds, president and CEO of UPG. "Given the number of products at CES, the fact that we stand among 22 companies highlighted by Popular Mechanics is a testament to our team and to partners like Energizer."

Danielle Kyriakos, director of new business development at Energizer, said, "We are pleased to be recognized for the innovative design of our Energizer All-in-One Charger. This is a great example of how we can work with partners such as UPG to bring innovative Energizer products to market that make people's lives easier."

The Energizer All-in-One, along with the complete line of Energizer jump-starters, inverters and maintainers, will be available through automotive, mass merchandise and other retailers beginning in the spring.

About Energizer

Energizer Holdings, Inc. (NYSE:ENR - News), headquartered in St. Louis, MO, is one of the world's largest manufacturers of primary batteries, portable battery-powered devices, and portable flashlights and lanterns. Energizer is a global leader in the dynamic business of providing power solutions with a full portfolio of products including Energizer? brand battery products Energizer? MAX? premium alkaline; Energizer? Ultimate Lithium; Energizer? Advanced Lithium; Rechargeable batteries and charging systems; and portable flashlights and lanterns.

Energizer continues to fulfill its role as a technology innovator by redefining portable power solutions to meet people's active lifestyle needs for today and tomorrow with Energizer? Energi To Go? chargers for rechargeable portable devices; charging systems for wireless video game controllers; and specialty batteries for hearing aids, health and fitness devices, as well as for keyless remote entry systems, toys and watches. Energizer is redefining where energy, technology and freedom meet to bring to market consumer-focused products that power the essential devices that help people stay connected and on the go at work and at play. Visit www.energizer.com, www.facebook.com/energizerbunny.

About Universal Power Group, Inc.

Universal Power Group, Inc. (AMEX:UPG - News) is a leading supplier and distributor of batteries and power accessories, and a provider of supply chain and other value-added services. UPG's product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, jump-starters, 12-volt accessories, solar and security products. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment and value-added services such as sourcing, battery pack assembly, coordination of battery recycling efforts, and product design and development. For more information, please visit the UPG website at www.upgi.com.

Forward-Looking Statements

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 expressed 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. Historical financial results are not necessarily indicative of future performance.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1151662
Contact:

CONTACT ENERGIZER:
Jeff Bachmann
314-471-8344
jeffb@blickandstaff.com
Jackie Burwitz
314-985-2169
CONTACT UNIVERSAL POWER GROUP:
Mimi Tan
469-892-1122
tanm@upgi.com
Jeff Tryka
CFA
616-233-0500
jtryka@lambert-edwards.com

MWM

01/07/10 9:05 PM

Post #53

Click the last button on the right titled car chargers...

http://www.energizer.com/newproducts/

MikeDDKing PremiumMember

01/07/10 8:55 PM

Post #52

Re: #51: @MWM - Check the Google news feeds, stories are pouring in...

Wow! Impressive!

MWM

01/07/10 8:28 PM

Post #51

Re: #49: @MikeDDKing - That is a pretty cool set of products

Check the Google news feeds, stories are pouring in...

http://news.google.com/news/more?pz=1&cf=all&ned=us&cf=all&ncl=dM7TU6kAT3I97QM_9mLMqerstdhFM

MWM

01/07/10 11:41 AM

Post #50

Re: #49: @MikeDDKing - That is a pretty cool set of products

Energizers new Product list

http://www.energizer.com/newproducts/

MikeDDKing PremiumMember

01/07/10 11:36 AM

Post #49

Re: #48: @MWM - Just found this one too, UPG and ICPR

That is a pretty cool set of products and web site! I'll have to check out ICPR.

I own UPG via ZNCM. ZNCM owns 40% of UPG.

MWM

01/07/10 11:10 AM

Post #48

Re: #47: @MikeDDKing - Universal Power Group to Showcase New Products at

Just found this one too, UPG and ICPR have a sweet deal with Energizer...

You see the new Website...

http://www.energizersolar.com/

MikeDDKing PremiumMember

01/06/10 8:50 AM

Post #47

Universal Power Group to Showcase New Products at Consumer Electronics Show
On Wednesday January 6, 2010, 8:30 am

CARROLLTON, Texas--(BUSINESS WIRE)--Universal Power Group, Inc. (NYSE Amex: UPG), a Texas-based distributor and supplier of batteries and related power accessories, today announced that it will be showcasing a number of new products at the International Consumer Electronics Show (CES) to be held Jan. 7-10 in Las Vegas.

UPG will feature a number of new and enhanced products at the Company’s booth #15238, located at Las Vegas Convention Center, Central Hall. Products on display will include:

* Energizer®-branded automotive power accessories, including newly introduced jumpstarters, chargers and maintainers, and inverters
* UPG’s Adventure Power® series of batteries for motorcycles and power sport vehicles
* UPG’s Universal™ sealed lead acid (SLA) batteries and consumer battery chargers
* Lithium Iron Phosphate batteries by K2 Energy Solutions, Inc. (K2)

Yesterday, UPG announced they have signed a letter of intent with K2, a developer and manufacturer of rechargeable batteries for electronic vehicles and energy storage applications, to market, distribute and sell a complete line K2’s lithium iron phosphate battery products. At its booth, UPG will also be featuring K2’s electric powered modified classic Cobra 427, powered by K2’s 13.8 kWh lithium ion phosphate batteries.

"The 2010 International Consumer Electronics Show offers UPG the opportunity to showcase our broad array of products, highlighting our growth and the expansion of our market reach over the last year,” said Ian Edmonds, president and CEO of UPG. "We view CES as a solid platform for our continuing efforts to grow our business in the new year.”

About Universal Power Group, Inc.

Universal Power Group, Inc. (NYSE Amex: UPG) is a leading supplier and distributor of batteries and power accessories, and a provider of supply chain and other value-added services. UPG's product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, jump-starters, 12-volt accessories, solar and security products. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment and value-added services such as sourcing, battery pack assembly, coordination of battery recycling efforts, and product design and development. For more information, please visit the UPG website at www.upgi.com.

About Energizer

Energizer Holdings, Inc. (NYSE: ENR - News), headquartered in St. Louis, Mo., is one of the world’s largest manufacturers of primary batteries, portable battery-powered devices, and portable flashlights and lanterns. Energizer is a global leader in the dynamic business of providing power solutions with a full portfolio of products including Energizer® brand battery products Energizer® MAX® premium alkaline; Energizer® Ultimate Lithium; Energizer® Advanced Lithium; Rechargeable batteries and charging systems; and portable flashlights and lanterns.

Energizer continues to fulfill its role as a technology innovator by redefining portable power solutions to meet people’s active lifestyle needs for today and tomorrow with Energizer® Energi To Go® chargers for rechargeable portable devices; charging systems for wireless video game controllers; and specialty batteries for hearing aids, health and fitness devices, as well as for keyless remote entry systems, toys and watches. Energizer is redefining where energy, technology and freedom meet to bring to market consumer-focused products that power the essential devices that help people stay connected and on the go at work and at play. Visit www.energizer.com, www.facebook.com/energizerbunny.

About K2 Energy Solutions, Inc.

K2 Energy Solutions, Inc. is an advanced lithium battery technology company focused on commercialization and manufacture of rechargeable battery systems for electric vehicles and energy storage. The company’s battery systems are based on a lithium iron phosphate cathode material whose inherent safety and low cost makes them ideal for the large format systems required for energy storage and EV applications. K2 differentiates itself as a solutions provider for large format battery packs and systems, developing products based upon customer requirements and utilizing expertise in Lithium Iron Phosphate (LFP) battery chemistry. K2 is a private corporation headquartered in Henderson, Nevada, with manufacturing capabilities in both Nevada and China. Additional information may be found at www.k2battery.com.

Forward-Looking Statements

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 expressed 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. Historical financial results are not necessarily indicative of future performance.

Contact:

Universal Power Group, Inc.
Mimi Tan, SVP, 469-892-1122
tanm@upgi.com
or
Investor Relations:
Lambert, Edwards & Associates
Jeff Tryka, CFA, 616-233-0500
jtryka@lambert-edwards.com

MikeDDKing PremiumMember

01/06/10 8:48 AM

Post #46

Universal Power Group Signs Letter of Intent for Distribution of New and Innovative High-Performance Lithium Battery Technology
On Tuesday January 5, 2010, 8:30 am EST

CARROLLTON, Texas--(BUSINESS WIRE)--Universal Power Group, Inc. (NYSE Amex: UPG), today announced that it has signed a letter of intent to enter into a multi-year battery distribution agreement with K2 Energy Solutions, Inc., a developer and manufacturer of rechargeable battery systems for electric vehicles and energy storage applications.

Under terms of the agreement, UPG will have the rights to market, distribute and sell K2’s complete line of lithium iron phosphate products. These products include batteries, prismatic cells and polymer cells, as well as battery modules, systems and packs. UPG will act as a sales and marketing arm for K2 products, establishing growth opportunities through multiple channels in various markets. K2 will provide manufacturing, engineering and technical expertise, as well as support relating to products covered under the agreement.

“This partnership allows for K2 to leverage UPG’s sales and marketing expertise and established channels of distribution in core market segments for our lithium iron phosphate energy storage solutions,” said Dr. Johnnie Stoker, President and CEO of K2. “We look forward to executing a definitive agreement with UPG that will allow for further mutual growth opportunities.”

"We are pleased to announce this latest step in the development and growth of UPG,” said Ian Edmonds, UPG’s President and CEO. “This agreement matches well with UPG’s long-term strategy of penetrating new markets through strategic alliances, and engaging in new and progressive technologies. Our partnership with K2 provides UPG with exposure to the emerging market for electric vehicles, and serves as another platform for future growth. This agreement highlights the kinds of strategic partnerships we are seeking, and we look forward to working together with K2 over the long term.”

UPG is planning to display a high performance electric vehicle featuring K2 batteries at the International Consumer Electronics Show to be held January 7-10 in Las Vegas. Terms of the distribution agreement are currently being finalized, and both companies anticipate a definitive agreement on or before February 22, 2010.

About Universal Power Group, Inc.

Universal Power Group, Inc. (NYSE Amex: UPG) is a leading supplier and distributor of batteries and power accessories, and a provider of supply chain and other value-added services. UPG's product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, jump-starters, 12-volt accessories, solar and security products. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment and value-added services such as sourcing, battery pack assembly, coordination of battery recycling efforts, and product design and development. For more information, please visit the UPG website at www.upgi.com.

About K2 Energy Solutions, Inc.

K2 Energy Solutions, Inc. is an advanced lithium battery technology company focused on commercialization and manufacture of rechargeable battery systems for electric vehicles and energy storage. The company’s battery systems are based on a lithium iron phosphate cathode material whose inherent safety and low cost makes them ideal for the large format systems required for energy storage and EV applications. K2 differentiates itself as a solutions provider for large format battery packs and systems, developing products based upon customer requirements and utilizing expertise in Lithium Iron Phosphate (LFP) battery chemistry. K2 is a private corporation headquartered in Henderson, Nevada, with manufacturing capabilities in both Nevada and China. Additional information may be found at www.k2battery.com.

Contact at K2 Energy Solutions, Inc.:

Dr. Johnnie Stoker, Chief Executive Officer

702-478-3590

Forward-Looking Statements

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 expressed 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. Historical financial results are not necessarily indicative of future performance.

Contact:

Company Contact:
Universal Power Group, Inc.
Mimi Tan, SVP, 469-892-1122
tanm@upgi.com
or
Investor Relations:
Lambert, Edwards & Associates
Jeff Tryka, CFA, 616-233-0500
jtryka@lambert-edwards.com

MikeDDKing PremiumMember

12/22/09 12:52 PM

Post #45

Universal Power Group Announces Early Repayment of Notes
On Tuesday December 22, 2009, 11:30 am EST

CARROLLTON, Texas--(BUSINESS WIRE)--Universal Power Group, Inc. (NYSE Amex: UPG), a Texas-based distributor and supplier of batteries and related power accessories, and provider of third-party logistics, today announced that it has negotiated a 7.5 percent principal reduction in exchange for the early repayment of its outstanding 6-percent notes, due June 20, 2012 and has prepaid the remaining $4.0 million in principal less the discount.

The fixed-rate notes were originally issued to Zunicom, Inc., a significant shareholder in UPG, in conjunction with UPG’s initial public offering in 2006. The original principal amount of the notes was $5.85 million, with quarterly principal payments of approximately $365,000 which began in the third quarter of 2008, as stipulated by the payment schedule.

“The early repayment of our Zunicom notes marks another important and positive step in the growth of UPG,” said Ian Edmonds, UPG’s President and Chief Executive Officer. “With the retirement of this debt, we will receive approximately $300,000 in benefit through the negotiated principal discount we were able to secure. Also as a result, we will significantly reduce our annual interest costs and eliminate nearly $1.5 million in principal payments annually.”

About Universal Power Group, Inc.

Universal Power Group, Inc. (NYSE Amex: UPG), is a leading provider of third-party logistics and supply chain management services, and a supplier and distributor of batteries and power accessories. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment and value-added services such as sourcing, battery pack assembly, coordination of battery recycling efforts, and product design and development. UPG's range of product offerings includes proprietary brands of industrial and consumer batteries of all chemistries, chargers, jump-starters, 12-volt accessories, solar and security products. For more information, please visit the UPG website at www.upgi.com.

Forward-Looking Statements

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 expressed 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. Historical financial results are not necessarily indicative of future performance.

Contact:
Company Contact:
Universal Power Group, Inc.
Mimi Tan, SVP, 469-892-1122
tanm@upgi.com
or
Investor Relations:
Lambert, Edwards & Associates
Jeff Tryka, 616-233-0500
jtryka@lambert-edwards.com

MikeDDKing PremiumMember

12/18/09 8:40 AM

Post #44

Universal Power Group Secures Credit Facility with Wells Fargo
Includes $30 Million Credit Line and $10 Million Accordion Feature
On Friday December 18, 2009, 8:00 am

CARROLLTON, Texas--(BUSINESS WIRE)--Universal Power Group, Inc. (NYSE Amex: UPG), a Texas-based distributor and supplier of batteries and related power accessories and provider of third-party logistics, today announced that the Company has completed a new, expanded $30-million credit agreement with Wells Fargo & Company (NYSE: WFC - News).

The facility includes an accordion feature that enables the $30 million credit line to be increased by an additional $10 million. The agreement also lowers the Company’s overall cost of capital and provides for greater flexibility to grow the business. The agreement expires on July 30, 2013, which is a year longer than the expiration date of the Company’s former credit agreement. The Company maintains a credit facility to finance short-term demands for working capital and needs associated with its long-term growth initiatives.

“We are pleased to begin our new partnership with Wells Fargo on a positive note,” said Ian Edmonds, UPG’s President and Chief Executive Officer. “In a time of continued tight credit in the broad economy, Wells Fargo’s willingness to partner with UPG says a lot about the strength of our Company and our prospects for future growth. The new facility offers UPG up to $40 million to fund our operations and pursue new avenues of growth.”

Concurrent with the new credit facility, the Company also eliminated a $6 million interest rate hedge, which the company expects will contribute to interest cost savings over the term of the agreement.

“Wells Fargo has remained open for business throughout the credit crisis and continues to prudently lend to creditworthy companies,” said Clint Bryant, a Commercial Banking relationship manager for Wells Fargo who is based in Plano, Texas. “Working with UPG, we are providing the financial capital that supports businesses and our economy. We take pride in partnering with sound, successful and growing companies in our markets, and we look forward to future success with UPG.”

About Universal Power Group, Inc.

Universal Power Group, Inc. (NYSE Amex: UPG), is a leading provider of third-party logistics and supply chain management services, and a supplier and distributor of batteries and power accessories. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment and value-added services such as sourcing, battery pack assembly, coordination of battery recycling efforts, and product design and development. UPG's range of product offerings includes proprietary brands of industrial and consumer batteries of all chemistries, chargers, jump-starters, 12-volt accessories, solar and security products. For more information, please visit the UPG website at www.upgi.com.

Forward-Looking Statements

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 expressed 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. Historical financial results are not necessarily indicative of future performance.

Contact:
Universal Power Group, Inc.
Mimi Tan, SVP, 469-892-1122
tanm@upgi.com
or
Investor Relations:
Lambert, Edwards & Associates
Jeff Tryka, 616-233-0500
jtryka@lambert-edwards.com

MikeDDKing PremiumMember

11/24/09 4:34 PM

Post #43

Universal Power Group Launches New Website to Provide Streamlined Information for Consumers
On 4:30 pm EST, Tuesday November 24, 2009

CARROLLTON, Texas--(BUSINESS WIRE)--Universal Power Group, Inc. (NYSE Amex: UPG), a Texas-based distributor and supplier of batteries and related power accessories and provider of third-party logistics, has debuted its new website at www.upgi.com.

The website features significantly improved functionality, including user-friendly navigation, detailed product information and the newly released Battery Finder application, which allows consumers to easily find replacement batteries, in nearly all chemistries and for a wide variety of applications, from mobile phones to motorcycles. The website also features a new investor relations page to provide an expanded array of helpful information for investors, from news releases and SEC filings to investor events and presentations.

“Because our growth strategy is centered on expanding product offerings, diversifying our markets and minimizing exposure to any one segment of the economy, we believe the web is a highly effective and flexible medium for communicating our evolving competitive advantages and other new developments to customers and consumers alike,” said Ian Edmonds, UPG’s President and Chief Executive Officer. “In addition to serving these audiences, we believe our new website will also provide investors with a clear and consistent source of information regarding our corporate developments and financial results.”

UPG’s product marketing and IT specialists developed the new website in-house. The Company plans to further enhance and leverage the website as a sales and marketing tool, based on ongoing customer and visitor feedback.

About Universal Power Group, Inc.

Universal Power Group, Inc. (NYSE Amex: UPG), is a leading provider of third-party logistics and supply chain management services, and a supplier and distributor of batteries and power accessories. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment and value-added services such as sourcing, battery pack assembly, coordination of battery recycling efforts, and product design and development. UPG's range of product offerings includes proprietary brands of industrial and consumer batteries of all chemistries, chargers, jump-starters, 12-volt accessories, solar and security products. For more information, please visit the UPG website at www.upgi.com.

Forward-Looking Statements

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 expressed 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. Historical financial results are not necessarily indicative of future performance.

Contact:
Universal Power Group, Inc.
Mimi Tan, SVP, 469-892-1122
tanm@upgi.com
or
Investor Relations:
Lambert, Edwards & Associates
Jeff Tryka, 616-233-0500
or
Ryan McGrath, 616-233-0500
rmcgrath@lambert-edwards.com

Knowledge is King PremiumMember

11/10/09 8:34 AM

Post #41

UPG reports $.12 vs $.08

(COMTEX) B: Universal Power Group Reports 52% Increase in Third Quarter Ne
t Income ( BusinessWire )
B: Universal Power Group Reports 52% Increase in Third Quarter Net Income ( Busi
nessWire )

CARROLLTON, Texas, Nov 10, 2009 (BUSINESS WIRE) --
Universal Power Group, Inc. (NYSE Amex: UPG), a Texas-based distributor
and supplier of batteries and related power accessories and a provider
of supply chain and other value-added services, reported a 52.4 percent
increase in net income despite softer sales for the third quarter ended
Sept. 30, 2009. In addition, as a result of supply chain efficiencies,
UPG reported improved operating leverage which drove margins and an
$8.0
million decrease in inventory levels year-to-date.

Due largely to economic conditions, UPG reported a 10.3 percent decline
in net sales to $27.5 million, compared to $30.6 million for the third
quarter of 2008. Increased sales volume on certain higher-margin
products, reduced volatility for raw material costs and improved
efficiencies across the company's supply chain helped boost gross
margin
in the quarter to 16.5 percent of net sales, compared to 15.0 percent
for the same quarter of 2008. UPG reported gross profit of $4.5 million
in the 2009 third quarter, compared to gross profit of $4.6 million in
the 2008 third quarter.

The Company reported operating income of $1.2 million, an increase of
23.1 percent compared to operating income of $1.0 million in the third
quarter of 2008. At the bottom line, UPG posted net income of $0.6
million, or $0.12 per diluted share, for the third quarter of 2009
compared to net earnings of $0.4 million, or $0.08 per diluted share,
in
the comparable quarter of 2008.

"This was another quarter in the right direction, highlighted by margin
improvements, continued control over operating costs and strengthening
our balance sheet," stated UPG's president and chief executive officer,
Ian Edmonds. "We are taking every step to add efficiencies into our
business and to position ourselves for the eventual economic recovery.
Improved relationships with our suppliers, increased efficiencies
within
our supply chain and reduced volatility in certain raw material costs
all contributed to the gross margin improvements. Several of these
factors are also helping us increase inventory turnover, improving our
balance sheet and providing better service to our customers. We also
made strides in reducing our operating expenses in the third quarter,
an
indication of our leaner structure."

Third Quarter and Year-to-Date Overview

Net sales for the third quarter fell to $27.5 million from $30.6 million
in the third quarter of 2008. For the first nine months, net sales fell
8.0 percent to $83.1 million, from $90.4 million in the first nine
months last year. Core battery and related power accessory revenues
(from sources other than Broadview Security and its authorized dealers)
decreased 15.9 percent to $14.5 million in the third quarter of 2009,
compared with core revenues of $17.3 million for the third quarter of
2008. UPG attributed the lower sales volume in its core business to the
general slowdown in global demand. For the nine-month period, core
battery and related power accessory revenues decreased 10.6 percent to
$44.7 million, from $50.0 million in 2008.

UPG reported net sales from Broadview Security and its authorized
dealers in the third quarter of 2009 of $13.0 million, a decrease of
3.0
percent year-over-year from $13.4 million in the third quarter of 2008.
For the nine-month period, net sales from Broadview Security and its
authorized dealers declined 4.8 percent year-over-year to $38.4
million,
compared to $40.4 million in the same quarter of 2008. Net sales from
Broadview Security and its authorized dealers accounted for 47.2
percent
of total revenues in the third quarter of 2009, compared with 43.6
percent in the prior year's quarter, and 46.2 percent of total revenues
in the 2009 nine-month period, compared to 44.7 percent in 2008.

Gross profit was $4.5 million, or 16.5 percent of sales in the 2009
third quarter, compared to gross profit of $4.6 million, or 15.0
percent
of sales in the 2008 third quarter. For the first nine month of 2009,
gross profit rose to $14.5 million, or 17.4 percent of sales, from
$13.6
million, or 15.0 percent of sales in the first nine months of 2008.

Operating expenses decreased by $0.3 million, or 8.1 percent, in the
third quarter of 2009 compared to the third quarter of 2008. The
company
attributed the improvement in operating expenses to a leaner
operational
structure and general efficiency improvements across the organization.
Year-to-date operating expenses increased $2.9 million to $13.3
million,
compared with $10.4 million in the comparable period of 2008. The
majority of this increase was due to $2.5 million in settlement charges
incurred in the first quarter, relating to the departure of the
Company's former CEO and the cancellation of the agreement with the
Company's former primary independent sourcing agent.

For the nine-month period, UPG reported operating income of $1.2
million, compared to operating income of $3.2 million for the first
nine
months of 2008. Excluding the settlement charges incurred in the first
quarter, UPG's operating income would have been $3.7 million, an
increase of 15.7 percent over the comparable period in the prior year,
and net income before provision for income taxes would have been $3.0
million, an increase of approximately 21.1 percent over the 2008
period.
For the first nine months, UPG reported a net loss of $0.5 million, or
$0.10 per share, compared with net income of $1.4 million, or $0.29 per
share in the first nine months of 2008.

Balance Sheet & Financial Position

On the balance sheet, inventory was reduced by $8.0 million
year-to-date, to $29.3 million, in line with management's commitment to
reduce inventory levels from the high levels at the end of 2008. UPG's
management team is committed to better controlling inventory levels in
an effort to improve efficiencies, increase inventory turnover and
maintain adequate inventory to support current levels of customer
demand. UPG also reduced outstanding borrowings to $9.1 million,
compared with $14.4 million at the end of 2008.

UPG generated operating cash flow of $6.5 million in the nine months
ended Sept. 30, 2009, compared to operating cash flow of $2.2 million
in
the same period of 2008. The improved cash generated by operations in
2009 was used primarily to reduce outstanding borrowings on its
short-term line of credit. The company ended the third quarter with
$0.4
million in cash and cash equivalents.

Outlook

Edmonds continued: "Though we continue to face soft conditions in the
broad economy, we are seeing more reasons for optimism in 2010,
especially when considering our expanded relationships with existing
customers, as well as our ongoing efforts to establish new
relationships. Our strong balance sheet, along with our proven ability
to manage costs and improve efficiencies, will allow us to capitalize
on
new opportunities to increase our product offerings and provide our
retail and strategic partners a more complete line of batteries and
power accessories. It will also help us secure opportunities to broaden
our base of suppliers, including opportunities for potential
joint-ventures with new and existing partners. The vision behind all of
these initiatives is improved bottom line results, supported by
diversification into new markets and a global reach for UPG's products."

Reconciliation of GAAP Operating Income and Income Before Provision
for Income Taxes to Non-GAAP Operating Income and Income Before
Provision for Income Taxes (Unaudited)

The following table reconciles Operating Income and Income before
provision for income taxes, as reported in accordance with U.S.
Generally Accepted Accounting Principals ("GAAP"), to non-GAAP
operating
income and Income before provision for income taxes. We believe that
non-GAAP operating income, which is generally operating income less
costs related to settlement agreements, more accurately reflects our
operating efficiency. Non-GAAP operating income and income before
provision for income taxes, are non-GAAP financial measures and should
not be considered an alternative to, or more meaningful than, net
income
prepared on a GAAP basis. Additionally, non-GAAP operating income and
income before provision for income taxes may not be comparable to
similar metrics used by others in our industry.
Financial Summary (Non-GAAP)
(unaudited)
Three
Months Ended September 30, Nine Months Ended September 30,
2009
2008 2009 2008
Operating income and income before provision for income taxes as
reported:
Operating expenses $
3,305,166 $ 3,595,313 $ 10,726,856 $ 10,366,426
Settlement expenses --
-- 2,529,345 --
Total operating expenses
3,305,166 3,595,313 13,256,201 10,366,426
Operating income
1,231,943 1,000,619 1,194,297 3,218,784
Other expense, net
(240,110) (235,645) (718,791) (736,714)
Income before provision for income taxes
991,833 764,974 475,506 2,482,070
Non-GAAP measures to exclude settlement expenses from operating
expenses:
Settlement expenses --
-- 2,529,345 --
Non-GAAP operating income $
1,231,943 $ 1,000,619 $ 3,723,642 $ 3,218,784
Non-GAAP income before provision for income taxes $
991,833 $ 764,974 $ 3,004,851 $ 2,482,070

Conference Call Information

Universal Power Group will host an investor conference call today,
discuss
financial results for the third quarter and nine months ended September
30, 2009.

Interested parties may access the conference call by dialing
1.866.730.5762; passcode 10540969. The conference call will also be
broadcast live on www.upgi.com
and through the Thomson StreetEvents Network. Individual investors can
listen to the call at www.earnings.com,
Thomson's individual investor portal. Institutional investors can
access
the call via Thomson StreetEvents (www.streetevents.com),
a password-protected event management site.

A replay of the conference call will be made available through November
16, 2009 by calling 1.888.286.8010, passcode 15592079, and an archived
webcast will be available at www.upgi.com.

About Universal Power Group, Inc.

Universal Power Group, Inc. (NYSE Amex: UPG) is a leading supplier and
distributor of batteries and power accessories, and a provider of
supply
chain and other value-added services. UPG's product offerings include
proprietary brands of industrial and consumer batteries of all
chemistries, chargers, jump-starters, 12-volt accessories, solar and
security products. UPG's supply chain services include procurement,
warehousing, inventory management, distribution, fulfillment and
value-added services such as sourcing, battery pack assembly,
coordination of battery recycling efforts, and product design and
development. For more information, please visit the UPG website at
www.upgi.com.

Forward-Looking Statements

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 expressed 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. Historical financial
results are not necessarily indicative of future performance.
UNIVERSAL POWER GROUP, INC.
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
ASSETS
September
30, December 31,
2009
2008
CURRENT ASSETS
Cash and cash equivalents $
442,785 $ 326,194
Restricted cash --
900,000
Accounts receivable:
Trade, net of allowance for doubtful accounts of $1,210,692 and
11,969,526 12,423,279
$1,143,213
Other
18,654 50,303
Inventories - finished goods, net of allowance for obsolescence of
29,349,295 37,304,500
$522,908 and $358,350
Current deferred tax asset (net of valuation allowance of $768,324
1,697,163 1,555,173
and $0)
Income tax receivable --
193,386
Prepaid expenses and other current assets
1,156,281 880,528
Total current assets
44,633,704 53,633,363
PROPERTY AND EQUIPMENT
Logistics and distribution systems
1,821,590 1,795,935
Machinery and equipment
994,137 651,916
Furniture and fixtures
436,424 436,424
Leasehold improvements
388,334 388,334
Vehicles
223,633 155,630

3,864,118 3,428,239
Less accumulated depreciation and amortization
(1,851,550) (1,407,712)
Net property and equipment
2,012,568 2,020,527
OTHER ASSETS
246,896 86,879
TOTAL ASSETS $
46,893,168 $ 55,740,769
UNIVERSAL POWER GROUP, INC.
CONSOLIDATED BALANCE SHEETS (UNAUDITED) (CONTINUED)
LIABILITIES AND SHAREHOLDERS' EQUITY
September 30,
December 31,
2009
2008
CURRENT LIABILITIES
Line of credit $
9,092,470 $ 14,351,775
Accounts payable
11,394,754 16,418,768
Accrued liabilities
1,113,627 200,100
Interest rate swap liability
417,586 484,131
Current portion of notes payable to Zunicom, Inc.
1,462,500 1,462,500
Current portion of settlement expenses
949,388 --
Current portion of capital lease
obligations 20,549
--
Current portion of deferred rent 81,035
57,984
Total current liabilities
24,531,910 32,975,258
LONG TERM LIABILITIES
Notes payable to Zunicom, Inc., less current portion
2,559,375 3,656,250
Capital lease obligations, less current portion 54,081
--
Settlement expenses, less current portion
1,233,712 --
Non-current deferred tax liability
190,585 230,611
Deferred rent, less current portion 70,345
168,317
Total long term liabilities
4,108,098 4,055,178
TOTAL LIABILITIES
28,640,008 37,030,436
COMMITMENTS
SHAREHOLDERS' EQUITY
Common stock - $0.01 par value, 50,000,000 shares authorized, 50,000
50,000
5,000,000 shares issued and outstanding
Additional paid-in capital
15,550,947 15,529,783
Retained earnings
2,927,820 3,450,076
Accumulated other comprehensive loss
(275,607) (319,526)
Total shareholders' equity
18,253,161 18,710,333
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $
46,893,168 $ 55,740,769
UNIVERSAL POWER GROUP, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
Three
Months Ended September 30, Nine Months Ended September 30,
2009
2008 2009 2008
Net sales $
27,494,909 $ 30,648,315 $ 83,132,341 $ 90,372,517
Cost of sales
22,957,800 26,052,383 68,681,843 76,787,307
Gross profit
4,537,109 4,595,932 14,450,498 13,585,210
Operating expenses
3,305,166 3,595,313 10,726,856 10,366,426
Settlement expenses
-- -- 2,529,345 --
Total operating expenses
3,305,166 3,595,313 13,256,201 10,366,426
Operating income
1,231,943 1,000,619 1,194,297 3,218,784
Other income (expense)
Interest expense (including $66,353, $88,471, $213,184 and $263,490
(238,936) (235,701) (719,732) (737,283)
to Zunicom, Inc.)
Other expense, net
(1,174) -- (1,174) --
Interest income
-- 56 2,115 569
Total other expense, net
(240,110) (235,645) (718,791) (736,714)
Income before provision for income taxes
991,833 764,974 475,506 2,482,070
Provision for income taxes
(379,765) (363,369) (997,762) (1,053,249)
Net income (loss) $
612,068 $ 401,605 $ (522,256) $ 1,428,821
Net income (loss) per share
Basic $
0.12 $ 0.08 $ (0.10) $ 0.29
Diluted $
0.12 $ 0.08 $ (0.10) $ 0.29
Basic
5,000,000 5,000,000 5,000,000 5,000,000
Diluted
5,004,794 5,000,000 5,000,000 5,000,000
UNIVERSAL POWER GROUP, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
Nine
Months Ended September 30,
2009
2008
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss) $
(522,256) $ 1,428,821
Adjustments to reconcile net income (loss) to net cash provided by
operating activities:
Depreciation and amortization of property and equipment
588,616 403,917
Provision for bad debts
320,000 91,406
Provision for obsolete inventory
230,000 140,000
Deferred income taxes
(182,016) (137,216)
Loss on disposal of property
2,174 --
Stock-based compensation
21,164 124,009
Changes in operating assets and liabilities:
Accounts receivable - trade
159,087 (3,668,143)
Accounts receivable - other
31,649 11,378
Inventories
7,989,448 3,317,619
Prepaid expenses and other current assets
(275,753) (341,040)
Income tax receivable
193,386 --
Other assets
-- (18,295)
Accounts payable
(5,025,190) 259,956
Accrued liabilities
890,903 597,280
Settlement expenses
2,183,100 --
Deferred rent
(74,921) (36,512)
Net cash provided by operating activities
6,529,391 2,173,180
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment
(57,950) (443,112)
Net cash paid in Monarch acquisition
(892,000) --
Deposit in escrow account
-- (900,000)
Change in restricted cash
900,000 --
Proceeds from sale of equipment
1,000 --
Net cash used in investing activities
(48,950) (1,343,112)
CASH FLOWS FROM FINANCING ACTIVITIES
Net activity on line of credit
(5,259,305) (129,590)
Payment on notes payable to Zunicom, Inc.
(1,096,875) (365,625)
Payments on note and capital lease obligations
(7,671) (6,609)
Net cash used in financing activities
(6,363,851) (501,824)
Net increase in cash and cash equivalents
116,591 328,244
Cash and cash equivalents at beginning of periodiEUR i
326,194 691,288
Cash and cash equivalents at end of period $
442,785 $ 1,019,532
SUPPLEMENTAL DISCLOSURES
Income taxes paid $
854,837 $ 1,182,162
Interest paid $
719,732 $ 737,283
SUPPLEMENTAL SCHEDULE OF NONCASH FINANCING AND INVESTING ACTIVITIES
Purchase of equipment with a note payable $
75,961 $ --

SOURCE: Universal Power Group, Inc.
Company Contact:
Universal Power Group, Inc.
Mimi Tan, SVP
469-892-1122
tanm@upgi.com
or
Investor Relations:
Lambert, Edwards & Associates
Jeff Tryka, Ryan McGrath
616-233-0500
rmcgrath@lambert-edwards.com
Copyright Business Wire 2009
*** end of story ***

MikeDDKing PremiumMember

11/07/09 1:02 AM

Post #40

Universal Power Group Announces Date for Third Quarter 2009 Earnings Release and Conference Call
On 4:15 pm EDT, Tuesday October 27, 2009

CARROLLTON, Texas--(BUSINESS WIRE)--Universal Power Group, Inc. (NYSE Amex:UPG), a leading provider of third-party logistics and supply chain management services, and a global distributor of batteries, security products and related portable power products, today announced that it will host an investor conference call on Tuesday, November 10, 2009 at 11:30 a.m. ET (10:30 a.m. CT) to discuss financial results for the third quarter ended September 30, 2009, which will be released earlier that day.

Interested parties may access the conference call by dialing 1.866.730.5762; passcode 10540969. The conference call will also be broadcast live on www.upgi.com and through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson’s individual investor portal. Institutional investors can access the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.

A replay of the conference call will be made available through November 16, 2009 by calling 1.888.286.8010, passcode 15592079, and an archived webcast will be available at www.upgi.com.

About Universal Power Group, Inc.

Universal Power Group, Inc. (NYSE Amex: UPG), is a leading provider of third-party logistics and supply chain management services, and a distributor of batteries and power accessories to various markets. UPG's supply chain services include procurement; warehousing; inventory management; distribution; fulfillment and value-added services such as sourcing, custom battery pack assembly, coordination of battery recycling efforts, custom kitting, and product design and development. UPG's range of product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, cellular and Bluetooth accessories, jump-starters, 12-volt accessories, solar panels and security products. For more information, please visit the UPG website at www.upgi.com.

Forward-Looking Statements

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 expressed 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. Historical financial results are not necessarily indicative of future performance.

Contact:
Universal Power Group, Inc.Mimi Tan, SVP, 469-892-1122
tanm@upgi.comor
Investor Relations:
Lambert, Edwards & Associates
Jeff Tryka, Ryan McGrath, 616-233-0500
rmcgrath@lambert-edwards.com

TrueFlaco

10/20/09 6:58 PM

Post #39

Things were looking very nice early on today. Still ended the day nicely. Anybody seen any news? Insider buying action?

Tina

09/17/09 5:21 PM

Post #38

Re: #37: @Soapy Bubbles - Just waiting on events -- it'll move someday.

well it moved a tiny bit today

Older

Universal Power Group Inc. (fka UPGI)

Followers	6	Posters	13
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OS: The number of shares outstanding of the registrant’s classes of common equity as of March 20, 2009 was 5,000,000.

Universal Power Group, Inc. (AMEX:UPG) is a premier supply chain management company specializing in third party logistics services and value-added services, and a leading supplier and global distributor of batteries, Bluetooth products, cellular accessories, security products related portable power products and accessories.

By providing a unique platform of supply chain and third party logistics capabilities, coupled with expanding product lines that focus on meeting increasing consumer needs for accessibility, portability and mobility, we give our customers the added competitive edge to maximize overall operational efficiencies and in turn, facilitate strategic growth.

UPG Product Solutions

Industrial and Consumer Battery Chemistries: Sealed Lead-Acid, Nickel- Cadmium, Lithium, Carbon-Zinc, Nickel Metal Hydride, Alkaline, Carbon Zinc
Bluetooth Headsets, Speakerphones and Install Kits
Portable 12-volt DC Accessories
Automotive, Cellular, Marine & Medical Battery Chargers
Cellular Accessories: Premium Leather Cases, Pouches
Mounting Solutions for GPS, Satellite Radio, iPod and other form of in car electronics
Security products: Access Controls, Horns, Speakers, Sirens, Transformers, Installation Peripherals

UPG Service Solutions:

Sourcing & Procurement
Supply Chain Management & Third Party Logistics
Value-Added Services: Custom Battery Pack Assembly (Panasonic Authorized Modification Center), Custom Packaging, Coordination of Battery Recycling, Product Development, Turn-Key Solutions/Concept- to-Market, Kitting, Private-Branding, Sales & Marketing Support

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