Unicorp Announces New Capital Structure; 1997 Filings Will Be Entered Through SEC's EDGAR Filing System

Business Wire, Feb 12, 1998

HOUSTON--(BUSINESS WIRE)--Feb. 12, 1998--Unicorp, Inc. (OTC Bulletin Board Symbol UNICD) announced today its new capital structure, 1997 10-KSB filings will be entered through the Securities and Exchange Commission's EDGAR filing system. Subsequent material events will also be disclosed through an 8-K filing will also be filed.

Unicorp, Inc. purchased approximately 58,000 tons of fluid catalytic cracking catalyst (FCC Catalyst) which is used in the refining and petrochemical industry. The material will be used for hydrocracking and blending in refineries that are to be acquired or held for resale to existing catalyst vendors or refineries.

The Company has entered into letters of intent to acquire a private distributor of refined petroleum products in Yuma, Ariz. with approximately $70 Million in current revenues. Additionally, a 17,000 barrel per day refinery which operates in the Southwestern United States. Additional opportunities in the refining and distribution markets are currently being examined. Unicorp Inc. expects that it will qualify under the United States Fuel Center's small and disadvantaged refinery for the sale of diesel and jet fuel to the military.

Unicorp, Inc. is an energy company currently engaged in the acquisition of refining and distribution assets in the Southwestern United States.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Sections 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created hereby. Investors are cautioned that all forward-looking statements contained herein are reasonable, any assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.

CONTACT: Jaz Bermaine & Co.

Britt Brooks, 713/236-4746