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PRESS RELEASE 06.29.07
ZUNICOM Announces Change of Independent Public Accountants
Dallas, Texas, June 29, 2007 – Zunicom, Inc. (OTCBB:
ZNCM.OB), announced today that on June 25, 2007, the Board of Directors
of the Company passed a resolution changing the Company’s independent
registered public accounting firm from KBA Group LLP to Horwath
Orenstein LLP of Toronto, Canada. The Company’s operations are now
conducted through its wholly owned subsidiary, AlphaNet Hospitality
Systems, Inc., that is based in Toronto, Canada. KBA Group LLP is
located in Dallas, Texas. In deciding to change accountants, the Board
concluded that having an accounting firm in the same city, Toronto,
Canada, as its principal operations will save the Company accounting
fees and expenses. The Company did not have any disagreement with KBA
Group LLP. The change was made solely to reduce accounting costs and
expenses. The Company anticipates that it will continue to use KBA Group
LLP for tax advice.
The Company anticipates entering into an engagement agreement with
Horwath Orenstein LLP in the near future.
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
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