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Press Release
Unico, Inc. Announces New Website Photo Gallery Showing Additional Work on Electrical Substation That Will Supply Power to the Deer Trail Mine
Issued Tuesday June 26, 9:10 am ET
SAN DIEGO, CA--(MARKET WIRE)--Jun. 26, 2007--Unico, Incorporated (OTC BB: UCOI), a natural resource company in the precious metals mining sector, today announced that the company has added a new photo gallery to its website, www.unicomining.com, showing additional work on the substation that will supply power to the Deer Trail Mine in Marysvale, Utah.
The new photo gallery, which primarily shows work conducted by Rocky Mountain Power related to the establishment of a connection between the existing substation adjacent to the Deer Trail Mine property and the new substation, has been posted to the multimedia section of the company's website, http://www.unicomining.com./news/othermedia.php.
Unico entered into an agreement to grant PacifiCorp (www.pacificorp.com), the electrical utility that operates in Utah as Rocky Mountain Power, an easement for a right of way to establish the connection between the two substations. The easement of approximately 40 feet in width and 27 feet in length is designated for the construction, reconstruction, operation, maintenance, repair, replacement, enlargement, and removal of electric power transmission, distribution and communication lines and all necessary accessories.
The photo gallery shows the installation of a new power pole suitable to support the air brake switch, which is being used to isolate the mill and mine site from the main power source. This will allow Unico's wholly owned subsidiary, Deer Trail Mining Company, to continue building the new substation with the power infrastructure in place.
A crew from Rocky Mountain Power pictured in the photo gallery arrived at the Deer Trail Mine site last week to replace the existing power poles and work on other components necessary to support the power supply to the Deer Trail substation.
Another new power pole installed by Rocky Mountain Power is being used to support the power lines that tie directly to the Deer Trail Mine substation. All power wires are being left coiled, so that when electrical contractor Cache Valley Electric installs the necessary poles, cross arms and metering cabinet, the final connection can be made. Deer Trail Mining Company has contracted with Cache Valley Electric (www.cve.com), one of the largest electrical contractors in the western United States, to prepare the site and assist with construction of the substation.
In addition to the work shown in the new photo gallery, Rocky Mountain Power has installed capacitors in a main substation in Panguitch, Utah as part of the requirements to prevent power from fluctuating due to the additional electricity supplied to the Deer Trail Mine substation.
"The new photo gallery shows very important work to establish the electrical connection from the existing electrical substation adjacent to Deer Trail Mine site to the new substation that will supply power to the Deer Trail Mine," said Mark A. Lopez, chief executive officer of Unico, Inc. "We will continue to update shareholders on the remaining work required to complete the new substation, and we hope this gallery provides a greater understanding of how the connection with the Rocky Mountain Power substation has progressed."
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., including when new photo galleries 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. (OTC BB: UCOI) 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. The company has also announced agreements to acquire over 70 additional 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.
Contacts:
Gemini Financial Communications, Inc.
A. Beyer
951-587-8072
investors@unicomining.com
OTC Financial Network
Rick McCaffrey
781-444-6100, x625
rick@otcfn.com
www.otcfn.com/ucoi
.