SOURCE: Unico, Inc.

January 29, 2008 11:02 ET

Unico, Inc. Announces Approval of Proposal at Special Meeting of Shareholders

SAN DIEGO, CA--(Marketwire - January 29, 2008) - Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced that holders of the company's common stock approved a proposal to amend the company's Articles of Incorporation to authorize the Board of Directors, at its discretion, to effect a reverse stock split of the company's common stock at a ratio of up to one-for-five hundred during the six month period following the date of the Special Meeting of Shareholders.

At the special meeting, it was concluded that a quorum for the purpose of conducting valid shareholder business had been reached with a total of 3,926,885,209 shares of Unico's common stock being represented in person and/or by proxy.

The following voting results were announced at the Special Meeting of Shareholders:

On the proposal to amend the company's Articles of Incorporation to authorize the Board of Directors, at its discretion, to effect a reverse stock split of the company's common stock at a ratio of up to one-for-five hundred during the six month period following the date of the Special Meeting of Shareholders, 2,194,297,224 shares voted in favor, 1,724,664,523 shares voted against and 7,923,462 shares abstained. Based on these voting results the proposal was approved at the meeting.

Subsequent to the announcement of the voting results, Mr. Lopez, Unico's chief executive officer and the Board appointed Inspector of the Election, opened the meeting to questions from shareholders in attendance. Several general questions primarily related to the company's subsidiary operations were asked by shareholders, and answers to those questions were provided by company executives. Once all questions had been answered, it was announced that the meeting was officially closed. Shareholders were thanked for attending and voting their shares at the meeting.

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 http://www.unicomining.com/IR/mailinglist.php 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 www.unicomining.com.

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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