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الموضوع في 'السوق الأمريكي للأوراق الماليه' بواسطة bukhaly, بتاريخ ‏7 سبتمبر 2005.

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    التسجيل:
    ‏21 يناير 2003
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    Unico Inc. Announces Long-Term Ore Purchase Contract with PGM LLC
    via COMTEX

    September 7, 2005

    SAN DIEGO, Sep 07, 2005 (BUSINESS WIRE) --

    Unico Inc. (OTCBB:UNCN) today announced that portfolio investment Deer Trail Mining Company LLC has entered into a five-year purchase contract with PGM LLC, a private subsidiary of Polymet Corp. based in Los Angeles, for the purchase of precious metal bearing concentrates and/or high-grade precious metal bearing ore produced at the Deer Trail processing facility near Marysvale, Utah.

    Terms of the agreement, which will commence upon the completion of the mill processing facility at the Deer Trail Mine, include a monthly purchase quantity of 150 tons for the first 6-9 months and increases to 300 tons through the duration of the five-year term. Under the agreement, the term shall automatically renew after the five-year term and continue for successive additional one-year period, unless either party gives proper written notice of termination.

    Deer Trail Mining Company LLC plans to send an initial shipment of concentrates within 30 days of this agreement on a best efforts basis. To further solidify the agreement, PGM LLC has paid Deer Trail Mining Company LLC an advanced payment of $25,000 towards the future purchase of its concentrates.

    "Based on the pricing structure of this agreement and current market values, we expect that the gross cash flow produced from this contract could range from $125,000 up to $450,000 per month," commented Mark A. Lopez, chief executive officer of Unico Inc. "Once we have the Deer Trail processing facility up and running, the revenues from this contract will go a long way to sustain the company and allow it to build value for its shareholders."

    The company's special meeting of shareholders will be held this Friday, Sept. 9, 2005, at 10 a.m. PDT at the Hilton San Diego Mission Valley located at 901 Camino del Rio South, San Diego, CA 92108. At this meeting, the company's proposal to withdraw its election to be treated as a Business Development Company will be considered and voted upon. This proxy statement and the related proxy and notice of the special meeting have been mailed to the shareholders.

    Whether or not they plan to attend the meeting, shareholders are asked to please sign, date and return their proxy in the return envelope provided as soon as possible.

    "We would like to remind all Unico shareholders to return their proxies, even if they will not be received by Friday's meeting. It is critical that a majority of shareholders vote on the proposal to be considered, and the Board would like all shareholders to have a voice in the future of Unico," added Lopez. "Anyone who has not received a proxy statement is asked to please contact Pamela Ayers by telephone at 619-209-6124 or by facsimile at 619-209-6125."

    About the Company

    Unico Inc. filed an N-54 election with the SEC on July 12, 2004, to become a Business Development Company, pursuant to Section 54 of the Investment Company Act of 1940. The company's investment portfolio currently consists of three subsidiaries, the Silver Bell Mining Company Inc., the Deer Trail Mining Company LLC and the Bromide Basin Mining Company LLC. The core focus of Unico is to provide the capital and management assistance necessary for its subsidiaries to return value to Unico shareholders.

    Forward-Looking Statements

    The 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.

    SOURCE: Unico Inc.


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