SOURCE: Unico, Inc.

August 18, 2008 13:36 ET

Unico, Inc. Issues Statement on Press Release Issued by Krause Kalfayan Benink and Slavens, LLP

SAN DIEGO, CA--(Marketwire - August 18, 2008) - Unico, Incorporated (OTCBB: UNCO), a natural resource company in the precious metals mining sector, today issued a statement regarding a press release issued by Krause Kalfayan Benink and Slavens, LLP, a law firm located in San Diego, California on August 15, 2008. The press release stated that Krause Kalfayan Benink and Slavens, LLP had filed a derivative lawsuit against Unico's officers and directors.

Mark A. Lopez, chief executive officer of Unico, Inc., commented, "While management has not yet seen the lawsuit described in the press release issued by Krause Kalfayan Benink & Slavens, LLP, the company believes, based on the information in the press release, that the suit has no merit. Management is confident that it will prevail in any legal action and looks forward to the opportunity to address the issues raised in the press release in the proper venue."

Since new management was appointed to lead Unico in 2004, the company has significantly advanced operations related to its mine subsidiaries. Included in this activity has been the purchase of the Deer Trail Mine in Marysvale, Utah; reconstruction and improvements to the mill and processing center at the site; construction of a new electrical substation and secondary substations at the site; successful connections to supply power from the substation to the Deer Trail Mine and mill site, and the completion of underground mine maintenance work including portal and stope rehabilitation through to the 3400 level of the PTH tunnel of the Deer Trail Mine.

Unico recently announced that it is focused on the next steps at the Deer Trail site, which are expected to include the production of concentrates at the mill and processing facility and plans to begin underground activities at the Deer Trail Mine.

The company has also entered into agreements to acquire over 70 additional mining claims in the area of the Deer Trail Mine, including the Clyde and Crown Point mining claims.

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

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