July 20, 2006
Unico, Inc. Announces Deer Trail Mining Company Agreement With PacifiCorp for Electrical Substation
Unico, Incorporated (OTCBB: UNCN), a natural resource company in the precious metals mining sector, today announced that Deer Trail Mining Company, LLC, a wholly owned Unico subsidiary, has reached an agreement with PacifiCorp, which supplies more than 1.6 million customers with energy and has more than 8,400 megawatts of generation capacity, to perform design and engineering services related to the construction of an electrical substation at the Deer Trail Mine and processing facility in Marysvale, Utah.
PacifiCorp (www.pacificorp.com) will work in cooperation with BNA Consulting, Inc. (www.bnaconsulting.com) of Salt Lake City, a major provider of electrical consulting services, which was contracted by the Deer Trail Mining Company in April 2006 to provide a broad range of engineering services related to the construction of the substation.
"We have been working with PacifiCorp and BNA Consulting regarding the new substation at the Deer Trail Mine for some time now. This formal agreement related to the feasibility and engineering will help us to pinpoint our power and energy need, and enable PacifiCorp to expand and construct certain improvements at the existing facility," said Mark A. Lopez, chief executive officer of Unico, Inc.
"PacifiCorp is playing an important role in identifying the requirements of the facility in conjunction with BNA Consulting, and we expect a relatively short timeframe for completing this substation. Initially, the project does not seem to be very complex and should be completed soon," added Mr. Lopez.
The Deer Trail Mining Company is engaged in reconstruction of the mill and processing facility to improve both efficiency and capacity in processing operations at the Deer Trail Mine. The design and completion of a new electrical substation at the Deer Trail Mine is expected to provide substantial cost savings for the Deer Trail Mining Company, specifically as it relates to the operation of the mill and processing facility, as a result of lower energy costs and greater reliability.
A major focus of the company's current operations is on the completion of the mill and processing facility, so the Deer Trail Mining Company can begin processing current stockpiles of material and production of the concentrates to sell in fulfillment of the company's five-year purchase contract with PGM, LLC, a private subsidiary of Polymet Corporation. The reconstruction includes a variety of improvements that are expected to improve the long-term performance of the facility and increase the company's profitability.
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., particularly when new press releases, SEC filings or other information is disclosed, are asked to visit the company's website at www.uncn.com/IR/mailinglist.asp.
About Unico Inc.
Unico Inc. (OTCBB: UNCN) 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. For more information, please visit www.uncn.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 for Unico, Inc. A. Beyer 951-587-8072 Contact via http://www.marketwire.com/mw/emailprcntct?id=8B932B0CCCDC7FA1 www.uncn.com OTC Financial Network Rick McCaffrey 781-444-6100, x625 Contact via http://www.marketwire.com/mw/emailprcntct?id=A40C5401AEBAE6C6 www.otcfn.com/uncn
SOURCE: Unico, Inc.