8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

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FORM 8-K

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CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):  September 11, 2006

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UNIVERSAL COMMUNICATION SYSTEMS, INC.

(Exact Name of Registrant as Specified in Its Charter)

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Nevada	000-30405	860887822
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

407 LINCOLN RD, STE 12F, MIAMI BEACH, FL 33139

(Address of Principal Executive Offices) (Zip Code)

305-672-6344

Registrant’s Telephone Number, Including Area Code:

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 2.02

Results of Operations and Financial Condition.

On September 11, 2006 Universal Communication Systems, Inc. (the “Company”) issued a news release reporting the financial results of the Company for its fiscal quarter ended June 30, 2006. A copy of the news release is attached to this Current Report as Exhibit 99.1.

The information in this Current Report on Form 8-K, including the exhibit included herewith, is furnished pursuant to Item 2.02 and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.

Item 9.01

Financial Statements and Exhibits

(d)

Exhibits

Exhibits No.	Description
99.1	Press Release dated September 11, 2006 relating to Universal Communication Systems, Inc.’s financial results for its third quarter ended June 30, 2006.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	UNIVERSAL COMMUNICATION SYSTEMS, INC.
	(Registrant)
By:	/s/ MICHAEL J. ZWEBNER
	Michael J. Zwebner
	Chairman and Chief Executive Officer

Dated: September 12, 2006

EX-99.1

EXHIBIT 99.1

Press Release Source: Universal Communication Systems, Inc.

Universal Communication Systems, Inc. Announces Greatly Improved Financial Position at June 30, 2006 and Reports a 103% Increase in Sales for Past 9 Months Performance Results

Monday September 11, 1:13 am ET

MIAMI BEACH, FL--(MARKET WIRE)--Sep 11, 2006 -- Universal Communication Systems, Inc. (OTC BB:UCSY.OB - News) (Berlin:UVC.BE - News) (XETRA:UVC.DE - News) (Frankfurt:UVC.F - News) (Munich:UVC.MU - News) (WKN: 917633) company chairman, Michael Zwebner, announced today that the company’s financial position has substantially improved at the end of the third quarter, June 30, 2006, compared to its position at the end of the last fiscal year end, September 30, 2005. He further noted that sales have increased 103% for the nine months ended June 30, 2006 compared to the same period in 2005.

Total current assets increased $579,576, from $1,187,366 at September 30, 2005 to $1,766,942 at June 30, 2006. Total current liabilities decreased $1,482,664, from $2,414,051 at September 30, 2005 to $931,387 at June 30, 2006. This represents an increase in working capital of $2,062,240, from a negative working capital of ($1,226,685) at September 30, 2005 to a positive $835,555 at June 30, 2006. The changes in current assets and current liabilities resulted from increased inventories, disposal and write-off of discontinued operations and lower accrued expenses.

In addition to the Company’s improvement in its working capital position, total other assets increased $324,836, from $296,989 at September 30, 2005 to $621,825 at June 30, 2006. This increase resulted from an increase in patent assets acquired in connection with the sale of the former subsidiary, Millennium Electric TOU Limited.

Net sales for the nine months ended June 30, 2005 were $991,032 compared to $488,394 for the nine months ended June 30, 2005. The increase in sales of $502,638 was primarily attributable to sales of air water systems by the company’s subsidiaries, Air Water Corporation, Atmospheric Water Technologies, Inc. and Solar Style, Inc., the Company’s wholly owned subsidiary which sells a wide range of consumer electronic solar chargers and solar powered products.

Mr. Zwebner stated, “The financial figures speak for themselves, but most importantly, we now all feel very upbeat and confident about our immediate and longer term future, with most of our R&D expenditures over, our new products now in the marketplace, and a fast growing global interest in our entire range of products. The company anticipates substantial sales growth in the fourth quarter of the current fiscal year ending September 30, 2006, when settlement of consigned goods are expected to be converted to actual sales. In addition, the company’s international sales efforts are finally taking off, with new sales agents and distributors in many new overseas territories being appointed. All these unending efforts and sales and marketing activities, are translating to good solid sales performances, with profitable margins.”

New Air Water Fridges & Freezers - Products Launched.

The company this week launched its new range of Water Making Fridges and Freezers. The event was hosted near Shanghai, China, and was attended by more than 100 people, many of them existing Air Water dealers and distributors from all over the world. The company is now securing its first orders and shipments to send these new unique products worldwide.

The Company anticipates that the sales for the fiscal year ending September 30, 2007 will approach and or exceed the original corporate business plans which projected $7 million in sales on a consolidated basis, along with improving gross margins and net operating results.

About Universal Communication Systems, Inc.

For more information please visit the company’s website at: www.ucsy.com

About AirWater Corporation

For more information please visit AirWater Corporation’s website at: www.airwatercorp.com

About Solar Style Inc.

For more information please visit Solar Style Inc.’s website at: www.solarstyle.com

Safe Harbor Statement

Caution Concerning Forward-Looking Statements

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors. More detailed information about these factors may be found in filings by Universal Communication Systems, Inc. with the Securities and Exchange Commission, including their most recent annual reports on Form 10-KSB and quarterly reports on Form 10-QSB. Universal Communication Systems, Inc. is under no obligation to, and expressly disclaims any such obligation to, update or alter their forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact:

Contact:

Universal Communication Systems, Inc. - Miami Beach

Rolando Sablon

305-672-6344

Company web address: http://www.ucsy.com