November 5, 2008
Unico, Inc. Releases November 2008 Issue of Investor Newsletter Highlighting Behre Dolbear Reports and Recent Activity at the Deer Trail Mine
Unico, Incorporated (OTCBB: UNCO), a natural resource company in the precious metals mining sector, today announced the release of the November 2008 edition of its investor newsletter, which reviews the details of the recently released Final Summary Report and tailings evaluation submitted to the company by Behre Dolbear and Company (USA) based on geological analysis and evaluation completed at the Unico's Deer Trail Mine in Marysvale, Utah.
A PDF version of the November 2008 newsletter has been added to the company's website at http://www.unicomining.com./news/newsletters.php, and an email notification of the newsletter's release will be sent to subscribers to Unico's electronic mailing list.In addition to the article regarding the reports submitted by Behre Dolbear, the newsletter also includes a story detailing the United States Geological Survey (USGS) 2008 Marysvale District Field Trip at the Deer Trail Mine hosted by Unico and its wholly owned Deer Trail Mining Company subsidiary in September 2008. The trip was conducted by representatives from the USGS and included seven of the most eminent research geologists employed by the federal government.
An additional newsletter article highlights the receipt of an additional $100,000 in financing received by Unico through the sale of a new convertible debenture to Moore Investment Holdings, LLC, a Nevada limited liability company. The $100,000 convertible debenture was dated October 14, 2008. The company filed a Current Report on Form 8-K with the SEC regarding the financing, which is being utilized to support operations at the company's Deer Trail Mine.
"We are pleased to release the November newsletter reviewing recent announcements made by the company, including the results of Behre Dolbear's geological work at the Deer Trail Mine property," stated Mark A. Lopez, chief executive officer of Unico, Inc. "We expect to follow the newsletter with the release of additional information related to progress at the Deer Trail Mine, including activity at the mill and processing facility and preparations for future underground mining activity at the site."
Unico is currently completing the testing phase of the completed floatation circuit at the mill and processing facility at the Deer Trail Mine. Material is being processed as part of the testing phase, and the company expects the next steps at the facility to include the production of concentrate.
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.
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.
Contacts: Gemini Financial Communications, Inc. A. Beyer 951-677-8073 Email Contact
SOURCE: Unico, Inc.