SOURCE: Unico, Inc.

July 03, 2008 08:52 ET

Unico, Inc. Announces an Additional $95,000 in Funding From Moore Investment Holdings, LLC

SAN DIEGO, CA--(Marketwire - July 3, 2008) - Unico, Incorporated (OTCBB: UNCO), a natural resource company in the precious metals mining sector, today announced the receipt of an additional $95,000 in financing through the sale of three new convertible debentures to Moore Investment Holdings, LLC, a Nevada limited liability company. The funding has been targeted toward upgrades and improvements to the floatation circuit at the mill and processing facility at the Deer Trail Mine in Marysvale, Utah.

The $95,000 in funding includes convertible debentures of $25,000 received on June 11, 2008, 45,000 received on June 19, 2008, and 25,000 received on June 30, 2008.

Including the recently received $95,000, Unico has received a total of $1,180,000 in financing since the beginning of the 2008 calendar year to help stimulate operations at the Deer Trail Mine.

Unico's wholly owned subsidiary, Deer Trail Mining Company, LLC, recently announced the completion of the floatation circuit at the mill and processing facility at the Deer Trail Mine. In addition to testing of the completed floatation circuit, a number of additional improvements have been made at the mill facility.

Mark A. Lopez, chief executive officer of Unico, Inc., commented, "The financing provided by these three recent debentures has been applied primarily to upgrades and refinements to the floatation circuit at the Deer Trail mill facility. We look forward to updating shareholders in the coming days on recent work that has been completed at the mill as well as the status of testing and processing operations at the site."

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About Unico, Inc.

Unico, Inc. (OTCBB: UNCO) 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 two mine properties: the Deer Trail Mine and the Silver Bell Mine. The company has also announced agreements to acquire over 70 additional mining claims including the Clyde and Crown Point 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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