SOURCE: Unico, Inc.

May 31, 2007 09:28 ET

Unico, Inc. Files 8-K Reporting Appointment of New Director

SAN DIEGO, CA--(Marketwire - May 31, 2007) - Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced that C. Wayne Hartle has been appointed to the company's Board of Directors to replace former director Richard Belliston. Mr. Hartle, who currently serves as the secretary of the company and will continue in that capacity, previously served on Unico's Board of Directors from 1990 until July 2004.

Details of the Board changes can be found in a Current Report on Form 8-K filed with the Securities and Exchange Commission on May 30, 2007.

Effective May 23, 2007, Mr. Belliston resigned from Unico's Board of Directors for personal reasons, and his resignation letter was included as an exhibit in the 8-K filing.

"We thank Richard Belliston for his service to the company as a member of the Board and wish him all the best in his future endeavors," said Mark A. Lopez, chief executive officer of Unico, Inc. "We are pleased to have Wayne Hartle added to the Board at such an important stage in the company's development, and believe that his previous experience with Unico, both as a Board member and as its secretary, will strengthen the company from an internal control perspective."

Unico has also filed a Form 12b-25 Notice of Late Filing with the Securities and Exchange Commission with respect to its Annual Report on Form 10-KSB for the year ended February 28, 2007. The company expects to file its annual report within the 15-day extension period granted by the Form 12b-25 notice.

"Within the past several months, we have initiated the transition from utilizing outside consultants to assist with the completion of our periodic financial filings, including the quarterly and annual reports, to house the majority of that work inside the company and under the responsibility of Ken Wiedrich, our chief financial officer. This effort has been comprehensive and has included several changes to strengthen the internal infrastructure of the company to prepare not only for the current needs, but to provide for expanded capabilities to handle an additional workload with increasing activity and operations in its subsidiary businesses. While this transition has created a brief delay in filing our 2007 annual report, we do expect the 10-KSB to be filed within the extension timeline. We also believe that the company will be well prepared to meet future deadlines for filing our financial reports as a result of these beneficial changes," added Mr. Lopez.

Shareholders who would like to sign up to receive information by email directly from Unico, Inc., including when new photo galleries are 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. 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.

Contact Information