UNIVERSAL POWER CORP. CHANGES NAME TO UNX ENERGY CORP.

CALGARY, Sept. 21 /CNW/ -- CALGARY, Sept. 21 /CNW/ - Universal Power Corp. (TSX-V: UNX) ("Universal" or "the Company"), a junior oil and gas company with interests offshore Namibia, announced today that pursuant to a resolution passed by shareholders September 8, 2010, and upon receiving regulatory approval, the Company has changed its name to UNX Energy Corp. ("UNX"). UNX also received approval of continuance of the Company from British Columbia to Alberta.
Effective September 20, 2010 at market opening, common shares of UNX Energy Corp. began trading on the TSX Venture Exchange. Accordingly, common shares of Universal Power Corp. are being delisted. UNX Energy's trading symbol remains unchanged as "UNX."
In addition to the name change, a new corporate website is under development with UNX Energy Corp. branding and content. The launch of the new website is targeted for October 2010.
"Our new name is a more accurate reflection of our upstream oil and gas focus, and is the same as our primary ticker symbol, making it easily recognizable to existing shareholders" said Mr. Gabriel Ollivier, President and CEO of UNX.

About UNX Energy Corp.

UNX Energy Corp. is a junior, independent exploration and production company, focused on exploration for crude oil in offshore Namibia, Africa. Headquartered in Calgary, Alberta, Canada, UNX's asset base consists of approximately 52,000 km(2) of offshore acreage, strategically located along the prolific South Atlantic Margin. These highly prospective blocks are being advanced by an experienced management team and highly qualified technical staff with strong in-country relationships. UNX has benefited from the use of strategic technical expertise and partnerships in optimizing the probabilities of exploration success in the region. UNX is committed to conducting its business in a socially and environmentally responsible manner, working towards the common goal of sustainable development in Namibia's oil and gas sector for the benefit of all stakeholders.


    
    On Behalf of the Board of Directors
    of UNX Energy Corp.

    Duane Parnham
    Chairman

    For further information visit our website at www.universalpowercorp.com
    Sedar Profile No. 00016276

    Forward Looking Information
    ---------------------------
    

This news release contains certain forward-looking statements that reflect the current views and/or expectations of UNX Energy Corp. with respect to its performance, business and future events. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, those relating to changes in the market, potential downturns in economic conditions, foreign exchange fluctuations, changes in business strategy, regulatory requirements, demand for our resources, competition and dependence on key personnel. These risks, as well as others, could cause actual results and events to vary significantly. UNX Energy Corp. does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.




Maria Elliott, VP Finance & CFO, Telephone: [phone], Email: [e-mail]; David Feick, Investor Relations, Telephone: [phone], Email: [e-mail]; Heidi Christensen Brown, Investor Relations, Telephone: [phone], Email: [e-mail]

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