Universal Power Retains Leading Investor Relations Firm

CALGARY, March 18 /CNW/ - Universal Power Corp. (TSX-V:UNX), an oil and gas company focused on exploration in Namibia, Africa, today announced that it has retained The Equicom Group Inc. to provide strategic investor relations and financial communications services for the Company.

Under the terms of the agreement, Universal Power will pay Equicom a monthly retainer fee of $6,000 for select strategic communications services. The initial contract term is for 12 months and commences immediately.

Neither Equicom nor any of its principals have an ownership interest, directly or indirectly, in Universal Power or its securities, and Universal Power has not granted Equicom or its principals any right to acquire such an interest.

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 more than 32,000 square kilometres of concessions along the prolific South Atlantic Margin. The management team and the company's directors have established relationships with the Namibian Government, its state-run energy entity, NAMCOR, and the country's Black Economic Empowerment partners.

About Equicom Group

Equicom, a wholly-owned subsidiary of TMX Group Inc., is a leading Canadian provider of investor relations and strategic corporate communications services. With proven expertise in developing and executing highly effective strategic communications programs, and an extensive network of investment community contacts, Equicom specializes in helping clients achieve their capital markets objectives. Equicom offers a comprehensive suite of services including: investor relations, media relations, annual report production, multimedia and web design, web casting, live event management and corporate branding. Equicom is headquartered in Toronto, with offices in Montreal and Calgary. For further information, please visit www.equicomgroup.com or follow Equicom on Twitter at http://twitter.com/Equicom.

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.

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For further information: Investor Relations: David Feick, [phone], [email protected]; Or Heidi Christensen Brown, [phone], [email protected]