Press
Release
Unico, Inc. Announces New Date for Special Meeting of Shareholders
Issued Friday January 18, 9:19 am ET
SAN DIEGO, CA--(MARKET WIRE)--Jan. 18, 2008--Unico, Incorporated (OTC BB:
UCOI), a natural resource company in the precious metals mining sector, today
announced that a new date of January 28, 2008 has been established for the
company's special meeting of shareholders.
As explained in a Current Report on Form 8-K filed by Unico on December 21,
2007, the company had previously scheduled a special meeting of its
shareholders on December 21, 2007. On December 17, 2007, plaintiff Legacy
Trading Group, a California limited liability company, filed an action against
Unico contending that notice of the special meeting of Unico's shareholders
and/or the related proxy statement was not provided to all shareholders. Legacy
filed an ex parte application for a temporary restraining order, and at a
hearing held on December 18, 2007
in the United States District Court, Southern Division
of California, the Court granted the application for a temporary restraining
order and enjoined and restrained Unico from holding the special meeting of the
shareholders on December 21, 2007 or at any other time until the preliminary
injunction hearing in this matter was heard.
The preliminary injunction hearing was held on January 8, 2008. The plaintiff's
application for a preliminary injunction was denied at the January 8, 2008
hearing on the grounds of being moot. The case was subsequently dismissed by
the court on January 14, 2008
in an Order Granting Plaintiff's Motion to Dismiss
Without Prejudice.
The special meeting of the company's shareholders has been rescheduled for
January 28, 2008 at 10:00 a.m. at the Hilton San Diego Mission Valley, 901
Camino Del Rio South, San Diego, California 92108.
Additional details are included in the Form 8-K filed with the Securities and
Exchange Commission on January 17, 2007. A link to Unico's SEC filings can be
found on the Unico website at www.unicomining.com./IR/investorrelations.php.
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
.