SOURCE: Unico, Inc.

January 18, 2008 09:19 ET

Unico, Inc. Announces New Date for Special Meeting of Shareholders

SAN DIEGO, CA--(Marketwire - January 18, 2008) - Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced that a new date of January 28, 2008 has been established for the company's special meeting of shareholders.

As explained in a Current Report on Form 8-K filed by Unico on December 21, 2007, the company had previously scheduled a special meeting of its shareholders on December 21, 2007. On December 17, 2007, plaintiff Legacy Trading Group, a California limited liability company, filed an action against Unico contending that notice of the special meeting of Unico's shareholders and/or the related proxy statement was not provided to all shareholders. Legacy filed an ex parte application for a temporary restraining order, and at a hearing held on December 18, 2007 in the United States District Court, Southern Division of California, the Court granted the application for a temporary restraining order and enjoined and restrained Unico from holding the special meeting of the shareholders on December 21, 2007 or at any other time until the preliminary injunction hearing in this matter was heard.

The preliminary injunction hearing was held on January 8, 2008. The plaintiff's application for a preliminary injunction was denied at the January 8, 2008 hearing on the grounds of being moot. The case was subsequently dismissed by the court on January 14, 2008 in an Order Granting Plaintiff's Motion to Dismiss Without Prejudice.

The special meeting of the company's shareholders has been rescheduled for January 28, 2008 at 10:00 a.m. at the Hilton San Diego Mission Valley, 901 Camino Del Rio South, San Diego, California 92108.

Additional details are included in the Form 8-K filed with the Securities and Exchange Commission on January 17, 2007. A link to Unico's SEC filings can be found on the Unico website at

Shareholders who would like to sign up to receive information by email directly from Unico, Inc., including when newsletters are issued and posted to the company website, are asked to visit the company's website at and fill in the appropriate fields.

About Unico, Inc.

Unico, Inc. (OTCBB: UCOI) is a publicly traded natural resource company in the precious metals mining sector that is focused on the exploration, development and production of gold, silver, lead, zinc, and copper concentrates at its three mine properties: the Deer Trail Mine, the Bromide Basin Mine and the Silver Bell Mine. The company has also announced agreements to acquire over 70 additional mining claims. In August 2007, Unico announced that its wholly owned Deer Trail Mining Company subsidiary had completed the purchase of the Deer Trail Mine from Crown Mines, LLC. For more information, please visit

Forward-Looking Statements

This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and such Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors, which could materially affect the company and its operations, are included on certain forms the company files with the Securities and Exchange Commission.

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