Press Release
Unico, Inc. Announces Approval of Proposal at Special Meeting of Shareholders
Issued Tuesday January 29, 11:01 am ET
SAN DIEGO, CA--(MARKET WIRE)--Jan. 29, 2008--Unico, Incorporated (OTC BB:
UCOI), a natural resource company in the precious metals mining sector, today
announced that holders of the company's common stock approved a proposal to
amend the company's Articles of Incorporation to authorize the Board of
Directors, at its discretion, to effect a reverse stock split of the company's
common stock at a ratio of up to one-for-five hundred during the six month
period following the date of the Special Meeting of Shareholders.
At the special meeting, it was concluded that a quorum for the purpose of
conducting valid shareholder business had been reached with a total of
3,926,885,209 shares of Unico's common stock being represented in person and/or
by proxy.
The following voting results were announced at the Special Meeting of
Shareholders:
On the proposal to amend the company's Articles of Incorporation to authorize
the Board of Directors, at its discretion, to effect a reverse stock split of
the company's common stock at a ratio of up to one-for-five hundred during the
six month period following the date of the Special Meeting of Shareholders,
2,194,297,224 shares voted in favor, 1,724,664,523 shares voted against and
7,923,462 shares abstained. Based on these voting results the proposal was
approved at the meeting.
Subsequent to the announcement of the voting results, Mr. Lopez, Unico's chief
executive officer and the Board appointed Inspector of the Election, opened the
meeting to questions from shareholders in attendance. Several general
questions primarily related to the company's subsidiary operations were asked
by shareholders, and answers to those questions were provided by company
executives. Once all questions had been answered, it was announced that the
meeting was officially closed. Shareholders were thanked for attending and
voting their shares at the meeting.
Shareholders who would like to sign up to receive information by email directly
from Unico, Inc., including when newsletters are issued and 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. 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.
Contacts:
Gemini Financial Communications, Inc.
A. Beyer
951-677-8073
investors@unicomining.com
OTC Financial Network
Rick McCaffrey
781-444-6100, x625
rick@otcfn.com
www.otcfn.com/ucoi
.