Unico, Inc. Files Annual Report With Audited Financial Statements
Market Wire, July, 2006
Unico, Incorporated (OTCBB: UNCNE), a natural resource company in the precious metals mining sector, today announced that the company has filed its Annual Report on Form 10-KSB with audited financial statements. The annual report covers the company's 2006 fiscal year, which ended February 28, 2006.
As a result of this filing, the company expects that the "E" will be removed from its symbol and its stock will again trade under the symbol UNCN.
Related Results
"We are pleased to have the annual report filed and continue to be enthusiastic about the future of Unico as it moves to build revenues from its subsidiary operations," said Mark A. Lopez, chief executive officer. "This annual report clearly presented challenges for our accounting staff and independent auditors due to the withdrawal of Unico's election to be regulated as a business development company or BDC. As an operating company, Unico needed to present consolidated financial information for its subsidiary companies on a retrospective basis, including those periods of the fiscal year when the company operated as an investment fund.
"The annual report reflects several positive developments for the company including the settlement of any and all pending legal issues and a significant reduction in the company's payables. Unico now looks forward to the progress of operations in its subsidiaries for this fiscal year, and we expect to update shareholders on recent events at the Deer Trail Mine and processing facility in the very near future," added Mr. Lopez.
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., particularly when new press releases, SEC filings or other information is disclosed, are asked to visit the company's website at www.uncn.com/IR/mailinglist.asp .
About Unico, Inc.
Unico, Inc. (OTCBB: UNCN) 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. For more information, please visit www.uncn.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 for Unico, Inc. A. Beyer 951-587-8072 Email Contact www.uncn.com OTC Financial Network Rick McCaffrey 781-444-6100, x625 Email Contact www.otcfn.com/uncn
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