On October 3, 2012, Mr. Avinoam Cohen resigned as Universal Tech Corp.'s President, Chief Executive Officer, Treasurer and Director and Ms. Irena de Vincenz resigned as Secretary and Director. James Davidson was appointed as sole Director and Chief Executive Officer of the company effective upon Mr. Cohen's and Ms. De Vincenz's resignations. Mr. Davidson has been a private investor for more than five years.

Since 2011 Mr. Davidson is a director of TurkPower Corporation. Mr. Davidson has also served as the President, Chief Executive Officer, Chief Financial Officer, Treasurer, Secretary and Director of California Gold Corp. since 2007.

He is also Vice-President and Secretary of NMX Holdings and director of Core Values Mining and Exploration Ltd.