EXHIBIT 99.1 INVESTOR CONTACTS: Universal Power Group, Inc Lambert, Edwards & Associates 469-892-1122 616-233-0500 Mimi Tan, SVP Jeff Tryka, Ryan McGrath tanm@upgi.com rmcgrath@lambert-edwards.com - ------------- ---------------------------- UNIVERSAL POWER GROUP ANNOUNCES DEPARTURE OF CFO CARROLLTON, TEXAS--(BUSINESS WIRE) - DEC. 12, 2008 - Universal Power Group, Inc. (AMEX: UPG), a leading provider of third-party logistics and supply chain management services, and a distributor of batteries and power accessories, announced today that Ian Edmonds, Executive Vice President and COO of Universal Power Group, has been appointed interim CFO to replace Roger Tannery who resigned today from all of his positions with the Company to pursue other career opportunities. ABOUT UNIVERSAL POWER GROUP, INC. Universal Power Group, Inc. is a leading provider of third-party logistics and supply chain management services, and a distributor of batteries and power accessories to various markets. UPG's 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 design and development. UPG's range of product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, cellular and Bluetooth accessories, jump-starters, 12-volt accessories, solar panels, and security products. For more information, please visit the UPG website at WWW.UPGI.COM.