UNICO INCORPORATED (AZ) (fka UNCO)

[Matt55]

Press Release Unico, Inc. Announces Next Round of $1 Million Private Placement Financing
Thursday February 22, 8:58 am ET

SAN DIEGO, CA--(MARKET WIRE)--Feb 22, 2007 -- Unico, Incorporated (OTC BB:UCOI.OB - News), a natural resource company in the precious metals mining sector, today announced that the company has received the second round of a total of $1,000,000 of financing in the form of private placement investments in restricted common stock.

On January 12, 2007, Unico sold 33,333,333 shares of its restricted common stock to an unrelated third party for a purchase price per share of $0.012 and an aggregate purchase price of $400,000. The shares were issued restricted pursuant to Rule 144 of the Securities Act of 1933.

The first private placement in the amount of $599,000 was sold on December 29, 2006 bringing the total amount of capital raised through these two rounds of financing to approximately $1,000,000.

The capital from these two private placements is being applied to the operations of Unico and to support the ongoing activities of its subsidiary mining properties.

"The company's major focus remains the development and growth of revenues from the operations of its subsidiaries, and access to adequate capital resources is a critical element of these efforts," said Mark A. Lopez, chief executive officer of Unico, Inc. "We are pleased to have completed these private placement investments and look forward to the continued progress of our subsidiary operations."

Photo galleries showing the reconstruction of the mill and processing facility at the Deer Trail Mine, which is in the completion phase, are available on the Unico website at http://www.unicomining.com./news/othermedia.php.

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 http://www.unicomining.com/IR/mailinglist.php.

About Unico, Inc.

Unico, Inc. (OTC BB:UCOI.OB - News) 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.


Contact:

Contacts:
Gemini Financial Communications, Inc.
A. Beyer
951-587-8072
Email Contact
http://www.unicomining.com

OTC Financial Network
Rick McCaffrey
781-444-6100, x625
Email Contact
http://www.otcfn.com/ucoi


Source: Unico, Inc.

http://biz.yahoo.com/iw/070222/0218680.html?printer=1