Zunicom, Inc. ("Zunicom") currently operates through its wholly-owned sub-
sidiary, AlphaNet Hospitality Systems, Inc.("AlphaNet"). As described more fully
under "Unconsolidated Investee" below, on December 27, 2006 our formerly
wholly-owned and consolidated subsidiary, UPG, completed its initial public
offering and now files stand alone reports as required by Section 13(a) or 15(d)
of the Exchange Act.
Zunicom, Inc., formerly Tech Electro Industries, Inc., was incorporated under
the laws of the State of Texas on January 10, 1992, for the purpose of acquiring
100% of the capital stock of Computer Components Corporation, a distributor of
electronic components incorporated in 1968. On October 29, 1996, Universal
Battery Corporation was incorporated for the purpose of expanding into new
markets for batteries and battery-related products. In May 1999, Universal
Battery Corporation merged into Computer Components Corporation.