Unico, Inc. Announces Management Promotions
Issued Wednesday August 25, 9:33 am ET
SAN DIEGO, CA--(MARKET WIRE)--Aug. 25, 2009--Unico,
Incorporated (OTC BB: 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.
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About Unico, Inc.
Unico, Inc. (OTC BB: 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.
Contact:
Gemini Financial Communications, Inc.
Investor Relations
888-528-0883
investors@unicomining.com
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