SOURCE: Unico, Inc.

Unico, Inc.

May 05, 2009 10:08 ET

Unico, Inc. Announces Change to Board of Directors With Appointment of Dr. Edward E. Winders

SAN DIEGO, CA--(Marketwire - May 5, 2009) - Unico, Incorporated (OTCBB: UNCO), a natural resource company in the precious metals mining sector, today announced a change to the company's Board of Directors with the resignation of a director and the appointment of a new director to fill the vacancy on the Board.

A Current Report on Form 8-K detailing the Board change has been filed by Unico and can be viewed by clicking the "SEC Filings" link at http://www.unicomining.com./IR/investorrelations.php.

Effective April 24, 2009, Kiyoshi Kasai resigned as a director of the company for personal reasons. Effective April 28, 2009, Edward E. Winders, a professional with over 35 years of high level executive management experience, was appointed by the remaining Board members as a director to fill the vacancy created by the resignation of Mr. Kasai. Unico intends to compensate Dr. Winders for his service as a director, and the terms of the compensation are being finalized.

Since June 2008, Dr. Winders, who holds a Ph.D., has served as the Chairman of Voices of Global Changes, a 501(c)(3) not-for-profit organization that specializes in micro-enterprise development and institution and capacity building. From 1999 through May 2008, Dr. Winders served as President of Transnational Public Policy Advisors, LLC, an Alexandria, Virginia based international consulting firm that merged with Voices for Global Change in June 2008. He has served on the National Advisory Board of the National Salvation Army from 2008 through the present.

As Chair, President, or Senior Vice President for several for-profit firms over his career, Dr. Winders was instrumental in developing and implementing strategies and plans for companies facing serious financial challenges, turning them into successful operations.

Unico is in the process of organizing certain committees. It is anticipated that Dr. Winders will serve on Unico's Finance Committee, Compensation Committee and Stock Plan Committee.

"We are extremely pleased to have Dr. Winders join the management team of Unico, Incorporated as a director," stated Chairman Ray C. Brown. "He brings valuable executive management experience to the company, and we look forward to the oversight and guidance that he will provide during his tenure."

"The Board would also like to thank Kiyoshi Kasai for his service to the company and wish him luck in all of his future endeavors," added Mr. Brown.

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

Contact Information

  • Contacts:
    Gemini Financial Communications, Inc.
    A. Beyer
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