EXHIBIT 99.1

INVESTOR CONTACTS:
Universal Power Group, Inc.                         Cameron Associates
Mimi Tan or Roger Tannery, 469-892-1122             Amy Glynn, CFA, 212-554-5464
tanm@upgi.com                                       amy@cameronassoc.com
tanneryr@upgi.com


       UNIVERSAL POWER GROUP ANNOUNCES ITS ANNUAL MEETING OF SHAREHOLDERS
         HAS BEEN RESCHEDULED AND WILL BE HELD ON OR ABOUT JULY 31, 2008

CARROLLTON, TEXAS, -- JUNE 3, 2008 -- Universal Power Group, Inc. (AMEX: UPG) a
leading provider of third-party logistics and supply chain management services,
and a global distributor of batteries, security products and related portable
power products today announced that its annual shareholders meeting scheduled
for Tuesday, June 10, 2008, has been rescheduled and will be held on or about
July 31, 2008. The company will file new proxy materials to reflect the fact
that the Board has decided to reduce the number of directors constituting the
entire Board to be elected at the forthcoming annual meeting to seven. The
current proxy materials recommend that shareholders approve a slate of nine
directors. The company expects to mail new proxy materials in approximately 30
days.

ABOUT UNIVERSAL POWER GROUP, INC.

Universal Power Group's (www.upgi.com) supply chain services include
procurement, warehousing, inventory management, distribution, fulfillment, and
value-added services such as sourcing, custom battery pack assembly,
coordination of battery recycling efforts, custom kitting, and product
development. UPG's range of product offerings include proprietary brands of
industrial and consumer batteries of all chemistries, chargers, related portable
power products, 12-volt DC accessories, and security products such as alarm
panels, perimeter controls, speakers, sirens, and more.

FORWARD-LOOKING STATEMENTS

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 expressed 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. Historical financial results are not necessarily indicative of
future performance.

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