GREAT NECK, NY – September 5, 2024 – Universal Power Industry Corporation (OTC PINK:UPIN) today clarifies that the previously announced resignation of Mr. Chiu as president was never executed. Ivy So, did, however, act as the Interim Director/President temporarily during Mr. Chiu’s absence for personal reasons. At no time was there ever a change in the control or a change of control shares of the company.
Mr. Chiu is the President and has resumed his responsibilities fully and still maintains control of his 5,000,000 Non-Dilutable Super Voting Preferred Shares and Ivy So still holds her control block of 35,000,000 common shares. The company is currently working on reinstating its Pink Current status with OTC Markets. The company will continue to issue progress reports as they occur.
About Universal Power Industry Corporation:
Universal Power Industry Corporation (UPIN) is a diversified holding company that owns, invests and or manages select businesses, 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, technology research and development/startups. Please follow us on social media for additional updates at Facebook, X, OTCMarkets.
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.
Media ContactCompany Name: Universal Power Industry CorporationContact Person: Charles Wolff, EsqEmail: Send EmailCity: Great NeckState: NYCountry: United StatesWebsite: www.upinholdings.com
