UNIVERSAL POWER ANNOUNCES 2010 ANNUAL AND SPECIAL MEETING RESULTS

CALGARY, Sept. 13 /CNW/ - Universal Power Corp. (TSX-V: UNX) ("Universal" or the "Company") held its Annual and Special Meeting of Shareholders (the "Meeting") in Calgary, Alberta on Wednesday, September 8, 2010. All resolutions set out in the Notice of Meeting were duly passed.

Among the business of the Meeting, shareholders approved a special resolution to amend the articles of the Company and change the name of the Company from "Universal Power Corp." to "UNX Energy Corp." and to continue the Company from British Columbia to Alberta. The change of the Company's name and the continuance of the Company into Alberta are expected to occur in the middle of September, subject to regulatory approval.

"With our new name and branding, we more clearly represent an upstream oil and gas company," said Gabriel Ollivier, President & CEO of Universal Power Corp. "We believe that the name UNX Energy Corp. is a more accurate reflection of our business and will become synonymous with Namibia's burgeoning oil and gas industry as we help unlock the country's significant exploration and development potential."

About Universal Power Corp.

Universal Power Corp. is an oil and gas company focused on building a portfolio of high impact exploration targets in offshore Namibia, Africa. The Company has approximately 52,000 gross square kilometers of Namibian offshore concessions along the prolific South Atlantic Margin. The Company has a newly expanded managerial and technical team supported by strong Namibian partnerships, and is thus well positioned to make a significant contribution to the exploration and development of Namibia's offshore oil and gas concessions.

    
    On Behalf of the Board of Directors
    of Universal Power Corp.

    Duane Parnham
    Chairman
    

For further information visit our website at www.universalpowercorp.com

Sedar Profile No. 00016276

    
    Forward Looking Information
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This news release contains certain forward-looking statements that reflect the current views and/or expectations of Universal Power Corp. with respect to its performance, business and future events. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, those relating to changes in the market, potential downturns in economic conditions, foreign exchange fluctuations, changes in business strategy, regulatory requirements, demand for our resources, competition and dependence on key personnel. These risks, as well as others, could cause actual results and events to vary significantly. Universal Power Corp. does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information: Maria Elliott, VP Finance & CFO, Telephone: [phone], Email: [email protected]; David Feick, Investor Relations, Telephone: [phone], Email: [email protected]; Heidi Christensen Brown, Investor Relations Telephone: [phone], Email: [email protected]