SOURCE: Unico, Inc.

June 30, 2008 09:09 ET

Unico, Inc. Announces Reverse Stock Split and New Trading Symbol

SAN DIEGO, CA--(Marketwire - June 30, 2008) - Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced a reverse split of its issued and outstanding common stock on the basis of one share of common stock to be issued for each 500 shares issued and outstanding. Unico has been assigned a new stock symbol and will now trade under the symbol (OTCBB: UNCO).

As a result of the reverse stock split, Unico has approximately 9,851,342 shares of common stock issued and outstanding, without taking in consideration the rounding up of fractional shares. One whole share has been issued in place of each fractional share that resulted from the reverse split. No cash is being paid for fractional shares. New certificates of common stock are not being issued, and no action is required by shareholders as a result of the reverse split.

At a special meeting of shareholders held on January 28, 2008, the holders of the company's common stock approved an authorization for the Board of Directors, at its discretion, to effect a reverse stock split of Unico's common stock at a ratio of up to one-for-five hundred.

As stated in the proxy statement for the special meeting of shareholders, Unico's Board of Directors believes that the reverse split is in the company's best interests in that it may increase the trading price of the common stock. An increase in the price of the common stock should, in turn, generate greater investor interest in the common stock, thereby enhancing the marketability of the common stock to the financial community. In addition, the resulting reduction in the number of issued and outstanding shares of common stock provides the company with additional authorized but unissued shares which could be utilized for future fundraising, acquisitions or mergers or to otherwise carry out the company's business objectives.

"This reverse stock split is a part of our strategy to move the company forward as we prepare to begin processing operations at the Deer Trail mill facility and to undertake planned underground mining operations at its subsidiary properties," stated Mark A. Lopez, Unico's chief executive officer. "The capital structure created by the split may allow Unico to access alternative methods of financing to support the successful execution of its business strategy. We will also seek methods to garner additional support for the company's stock in the public marketplace."

Unico recently announced the completion of reconstruction and testing of the floatation circuit at the mill and processing facility at the Deer Trail Mine. The company expects to provide additional updates on the progress of testing at the facility in the near term.

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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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