Universal Power Group Offers Board Seat to David Bullock of 3V Capital Management
CARROLLTON, Texas--Universal Power Group, Inc. (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, announced today that its Board of Directors has met with David D. R. Bullock, Managing Director of 3V Capital Management LLC ("3V"), UPG's second largest shareholder, to discuss several shareholder recommendations. UPG's Board is actively considering these recommendations. In addition, the Board has invited Mr. Bullock to serve as a director. Based upon 3V's expression of confidence in UPG's Board and the Board's consideration of 3V's recommendations, Mr. Bullock has declined the Board's offer of a directorship at this time.
About Universal Power Group, Inc.
UPG (www.upgi.com) is 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 to various industries. 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, kitting and product development. UPG's range of product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, cellular and Bluetooth accessories, related portable power products, 12-volt DC accessories, and security products.
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. In particular, this agreement will not guaranty that the Company will be able to expand partnership with Monitronics or increase third party logistics business.
Contacts
Universal Power Group, Inc.
Ian Edmonds, 469-892-1122
edmondsi@ubcbattery.com
or
Cameron Associates
Amy Glynn, CFA, 212-554-5464
amy@cameronassoc.com
About Universal Power Group, Inc.
UPG (www.upgi.com) is 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 to various industries. 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, kitting and product development. UPG's range of product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, cellular and Bluetooth accessories, related portable power products, 12-volt DC accessories, and security products.
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. In particular, this agreement will not guaranty that the Company will be able to expand partnership with Monitronics or increase third party logistics business.
Contacts
Universal Power Group, Inc.
Ian Edmonds, 469-892-1122
edmondsi@ubcbattery.com
or
Cameron Associates
Amy Glynn, CFA, 212-554-5464
amy@cameronassoc.com
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