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Unico, Inc.: Unico, Inc. Announces Management Promotions

^{Published on 2009-08-25 06:38:52, Last Modified on 2009-08-25 06:38:53 - Market Wire}
 

SAN DIEGO, CA--(Marketwire - August 25, 2009) - Unico, Incorporated (OTCBB: [ UNCO ]), a natural resource company in the precious metals mining sector, today announced several promotions and changes to the management team. The changes will be reflected in a Current Report on Form 8-K expected to be filed by the company within the next several days.

The company's Chief Executive Officer Mark A. Lopez has been named president/CEO, replacing Wayne Ash as president. Mr. Ash has been appointed to the position of director of engineering for Unico, Inc. Charles Madsen, who serves as general manager of Unico's wholly owned Deer Trail Mining Company, LLC subsidiary, has been promoted to the position of executive vice president for operations for Unico, Inc.

"Such positive organizational changes reflect the need to realign our executive staff as the company explores a variety of new business development opportunities in our industry," commented Ray C. Brown, Chairman of Unico, Inc.

Mr. Lopez's combined title is a reflection of the increasing time and effort he is devoting to substantial project and program development at the Deer Trail Mine in Marysvale, Utah, in addition to his ongoing responsibilities overseeing and directing all administrative, technical and financial activities for Unico, Inc. and its other subsidiary, the Silver Bell Mining Company. Unico originally retained Mr. Lopez in February 2004 to serve as special interim consultant to the company with a focus on providing administrative and financial guidance to management. During his tenure, he has worked closely with the company's Board of Directors on policy implementation, strategic planning, operations, and organizational development -- all intended to bring long-term sustainable growth to the company. Mr. Lopez brings over 20 years of extensive corporate management, banking and financial expertise to this expanded position.

Mr. Madsen, who has been with the company since 1999, quickly rose through the ranks, most recently serving as general manager of the Deer Trail Mine. In his new position as a company officer, he will work closely with Unico's executive management and Board of Directors in program planning and development, safety and quality control and new business development. In addition to his new position, he will continue to serve as general manager of the Deer Trail Mine where he oversees and directs all activities -- administrative, technical, financial -- including mill design, construction and rehabilitation, metallurgical testing and assaying, mining and mineral processing, safety and security, and personnel relations.

Mr. Ash, who has served as company president since 2004, has become increasingly involved in more technically oriented activities at the Deer Trail Mine. His new position reflects, complements and strengthens his ongoing work, which includes: evaluation and monitoring underground mining methodologies and approaches; recommendations on establishing an assay laboratory (with corresponding instructions on lab procedures); metallurgical flow sheet calculations; mill re-design; evaluation of milling procedures and alternative milling procedures; reverse-circulation and diamond drilling planning; and evaluation of the economics for re-treatment of low-grade dumps and tailings. A Professional Engineer (P. Eng. Canada), Mr. Ash brings more than 40 years of comprehensive mining exploration and development experience throughout the world.

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. Unico and its wholly owned Deer Trail Mining Company subsidiary completed the purchase of the Deer Trail Mine in 2007, and Unico has also announced agreements to acquire over 70 additional mining claims in the area of the Deer Trail Mine including the Clyde and Crown Point mining claims. 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.