GREAT NECK, New York, June 12, 2018 /PRNewswire/ --
Universal Power Industry Corporation (OTC:UPIN) addresses shareholder inquiries regarding share structure and managements China business travel.
During the last few weeks the company and its transfer agent have received several inquiries regarding the company's current share structure, it is as follows:
Outstanding shares: 114,283,851
Restricted shares: 108,579,063
Free trading/float: 5,704,788
Management continues their business travel throughout China, meeting with manufacturers and potential deal flow partners, per the previously announced itinerary. Management expects to complete its schedule by the end of this week and return back to the United States at that time.
About Universal Power Industry Corporation:
Universal Power Industry Corporation (UPIN) is a diversified holding company that own(s), invests and or manages select businesses and real estate, and on special opportunities will provide financing solutions to companies at various developmental stages. Our business objectives cover a wide range of sectors from consumer/industrial products and technology research and development/startups. We combine capital, innovation and the right management to deliver top of the line products and services to our customers globally.
Statements contained in this release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
Universal Power Industry Corporation
SOURCE Universal Power Industry Corporation