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PRESS RELEASE 11.13.06
ZUNICOM ANNOUNCES THIRD QUARTER RESULTS

CARROLL TON, TX – (BUSINESS NEWSWIRE) – November 13, 2006 – Zunicom, Inc. (O TCBB:ZNCM), parent company to Universal Power Group, Inc. (“UPG”) and AlphaNet Hospitality Systems, Inc. (“AlphaNet”), today announced its financial results for the three and nine-month periods, ended September 30, 2006.

Financial highlights for the Three-Month Period Ended September 30, 2006 Compared to Three-Month Period Ended September 30, 2005:

  • Consolidated revenues increased 7% to $24.2 million from $22.6 million;
  • For the 2006 period, consolidated net income attributable to common stockholders was $705,000 or $0.08 basic earnings per share, and $0.07 diluted earnings per share, compared to net income attributable to common stockholders of $747,000 or $0.09 basic earnings per share and $0.07 diluted earnings per share for the 2005 period;
  • Revenue contribution from UPG for the 2006 period was $23.8 million, an 8% increase over $22.1 million for the 2005 period ; The increase is attributable to increased sales of battery, battery related and battery powered products to existing and new customers; and
  • AlphaNet’s revenues decreased 9% to $414,000 from $456,000 . The decrease is attributable to a decline in customer usage and de-installations of its InnFax product, and higher percentage of revenue share with hotels on The Office product.

Financial highlights for the Nine-Month Period Ended September 30, 2006 Compared to Nine-Month Period Ended September 30, 2005:

  • Consolidated revenues increased 13% to $69.3 million from $61.3 million ;
  • For the 2006 period, consolidated net income attributable to common stockholders was $1.8 million or $0.20 basic earnings per share, and $0.18 diluted earnings per share, compared to net income attributable to common stockholders of $1.5 million or $0.17 basic earnings per share and $0.15 diluted earnings per share for the 2005 period;
  • UPG’s revenues increased 13% to $68.0 million from $60.0 million ; and
  • AlphaNet’s revenues decreased 5% to $1.3 million from $1.4 million;

“We are pleased to see continued growth in UPG’s overall business in the sale of batteries, and related portable power products to existing and new accounts,” said Ian Edmonds, Zunicom’s Executive Vice Pre sident. “Many facets of AphaNet’s performance have been affected by transitions in our marketplace. However, the AlphaNet team continues to pursue business all iances through direct marketing efforts.”

About Zunicom, Inc.

Zunicom, Inc. (www.zunicom.com) through its wholly owned sub sidiary, Universal Power Group, Inc (www.upgi.com), is a leading provider of third-party logistics and supply chain management services, batteries, security products and related portable power products to various industries and through its wholly-owned sub sidiary AlphaNet Hospitality Systems, Inc. (www.alphanet.net), provide business communication services to the hospitality industry. FOR MORE INFORMATION, PLEASE CONTACT: Mimi Tan │ P: 469.892.1200 │ mtan@zunicom.com

DOWNLOAD THIRD QUARTER RESULTS FOR 2006 (WITH FINANCIAL CHARTS)

FOR MORE INFORMATION, PLEASE CONTACT :
ZUNICOM, INC.
Mimi T an
469.892.1200
mtan@zunicom.com

This release contains a number of forward-looking statements concerning the current expectations as to future results of operations, future growth and future performance of Zunicom, Inc. within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially depending on the various factors set forth under the caption "Risk Factors" in the company's annual report on Form 10-K for the year ended December 31, 2005 and accordingly, should be read in conjunction with the company's SEC filings.