PRESS RELEASE 05.22.07
ZUNICOM, INC. REPORTS FIRST QUARTER 2007 FINANCIAL RESULTS

Dallas, Texas, May 22, 2007 – Zunicom, Inc. (OTCBB: ZNCM.OB) parent company to AlphaNet Hospitality Systems, Inc. (“AlphaNet”) and formerly (now 40% owner) of Universal Power Group, Inc. (“UPG”) today announced its financial results for quarter ended March 31, 2007.

Zunicom reported 2007 first quarter revenues of $385,852 (generated by AlphaNet) compared to $21,197,221 (of which $456,597 was generated by AlphaNet) for the similar period in 2006. Consolidated net income attributable to common stockholders for this period was $104,096, or $0.01 per basic and diluted share, compared to net income of $452,278, or $0.05 per basic and diluted share for the 2006 period.

UPG accounted for 98% of our consolidated revenues for the quarter ended March 31, 2006. However, as a result of UPG's initial public offering that closed on December 27, 2006, we no longer consolidate UPG's revenues with ours. We now employ the equity method of accounting to reflect our investment in UPG and our share of UPG's results of operations for reporting periods based on our remaining 40% equity interest in UPG.

AlphaNet's revenues continue to decrease because of the decline in usage of its InnfaxTM product and non-renewals of InnFaxTM contracts as well as a decrease in usage and installations of its "The Office" product.


About Zunicom, Inc.

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

Forward Looking Statement Disclaimer

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

Contact:

Zunicom, Inc.
Carl A. Generes
214.352.8674
972.715.5700-fax
cgeneres@genereslaw.com