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Press Release
Unico, Inc. Announces Electrical Contractor to Assist with New Substation and Connections for Power Supply to the Deer Trail Mine
Issued Wednesday May 9, 9:10 am ET
Cache Valley Electric Has Completed Grounding Circuit and Additional Preparations for Construction of New Substation
SAN DIEGO, CA--(MARKET WIRE)--May. 9, 2007--Unico, Incorporated (OTC BB: UCOI), a natural resource company in the precious metals mining sector, today announced that wholly owned subsidiary Deer Trail Mining Company has selected Cache Valley Electric, one of the largest electrical contractors in the western United States, to assist with the construction of the new system that will supply electrical power to the mill and processing facility at the Deer Trail Mine in Marysvale, Utah.
Included in the work that Cache Valley Electric (http://www.cve.com/) is performing for Deer Trail Mining Company is preparation of the site for the new substation, assistance with construction of the substation and the subsidiary substation, and installation of electrical conduits, controls and wiring for the mill facility.
Photographs of additional site preparation and initial construction related to the electrical substation are expected to be added to the Unico website, www.unicomining.com, in the next several days.
Cache Valley Electric (CVE) provides high-quality electrical services for a wide range industrial, enterprise, transportation, government and special projects as well as technology services like teledata, networking, and wireless communications. Since 1915, CVE has been committed to a tradition of excellence, and for eight of the past ten years, CVE has received the Intermountain Electrical Association's "Outstanding Large Electrical Contractor" award.
Since Cache Valley Electric arrived at the Deer Trail Mine, they have installed the grounding circuit for the main substation including sixteen 10-feet by 5/8-inch copper grounding rods and over 1,200 feet of 4/0 copper wire. The ground circuit and main substation was designed by BNA Consulting (www.bnaconsulting.com), which has contracted with Deer Trail Mining Company, Inc. for a broad range of engineering services related to the construction of the substation, with additional tap off points for future growth to include company housing and additional office space.
Cache Valley Electric will assist with the installation of the subsidiary substation used to reduce the voltage from 12,470 volts to the 480 volts needed to operate the milling facility. They will also be utilized for their knowledge and installation experience in surveillance camera networking. This will help lower the cost of labor and gives Deer Trail Mining Company more control over individual mill components. CVE will also be utilized for the final ground continuity and resistance testing required by Mine Safety and Health Association (MSHA) before the mill goes into operation, and they will evaluate areas of automation that can help to lower labor costs.
"Cache Valley Electric has already made significant contributions to the site preparation and initial construction of the new electrical substation that will supply power to the mill and processing facility at Deer Trail Mine, and we look forward to their continuing work at the site," said Mark A. Lopez, chief executive officer of Unico, Inc. "Beyond work on the main substation and subsidiary substation, Cache Valley Electric will assist with the wiring and electrical connections inside of the mill buildings so that processing operations can be initiated as soon as possible, moving us that much closer to establishing revenues at the Deer Trail Mine."
The design and completion of the new substation is expected to provide substantial cost savings as a result of lower energy costs. This includes greater reliability and the use of good quality equipment, which is expected to reduce equipment costs by approximately 40%.
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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 recently 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
.
