Your Resource For Everything SAP Business One

SAP Business One Journal

Subscribe to SAP Business One Journal: eMailAlertsEmail Alerts newslettersWeekly Newsletters
Get SAP Business One Journal: homepageHomepage mobileMobile rssRSS facebookFacebook twitterTwitter linkedinLinkedIn


SAP Business One Authors: Pat Romanski, Liz McMillan, Elizabeth White, Kevin Knuese, Jayaram Krishnaswamy

News Feed Item

Unico, Inc. Announces New Agreement for Additional Labor to Expedite Completion of Reconstruction at the Mill and Processing Facility at the Deer Trail Mine

Unico, Inc. Announces New Agreement for Additional Labor to Expedite Completion of Reconstruction at the Mill and Processing Fac

SAN DIEGO, CA -- (MARKET WIRE) -- 04/10/07 -- Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced an agreement with FMS, Inc. of Huntington Station, New York for additional labor to expedite completion of the mill and production facility at the Deer Trail Mine in Marysvale, Utah.

Under the new agreement, FMS, Inc. will provide a crew trained and experienced in all phases of construction whose primary responsibility will be to aid in the completion phase of mill reconstruction at the Deer Trail Mine. FMS is expected to arrive at the site during the week of April 16 and begin work in several designated areas of the mill facility, including construction of the new substation that will provide electrical power to the Deer Trail Mine, rain gutters and flashings on the new mill building, siding and insulation on the fine ore bins adjacent to the main mill building, and other areas of the site where its construction skills can be put to use.

FMS, Inc. was previously contracted by Deer Trail Mining Company, LLC to assist with the construction of the new mill building at the Deer Trail Mine in the fall of 2006. During that period, FMS helped to build the 50 by 100 foot building adjacent to the existing mill facility that will house the thickener and filtration for the facility. FMS worked on the foundation, cement footings, the steel frame, insulation, siding, doors, roof, and all other aspects of the structure.

"The agreement to bring in this additional labor from FMS, Inc. is an indication of our commitment to complete reconstruction of the mill and processing facility at the Deer Trail Mine and begin establishing revenues from processing operations as soon as possible," stated Mark A. Lopez, chief executive officer of Unico, Inc. "Our previous working relationship with FMS makes this crew an ideal addition to the workforce already at the Deer Trail Mine, and the crew's experience at the site last fall will allow them to begin work more quickly and efficiently than other contracted labor.

"Unico and its wholly owned subsidiary, Deer Trail Mining Company, Inc., are taking every possible measure to expedite the reconstruction process, and we will maintain that focus until all of the remaining work is completed," added Mr. Lopez.

Once the mill and processing facility at the Deer Trail Mine is completed and operational, the company expects to begin processing existing stockpiled material on the property and sell the concentrates to establish revenues.

Shareholders who would like to sign up to receive information by email directly from Unico, Inc., particularly when new press releases, monthly newsletters, 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. (OTCBB: UCOI) 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.

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

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

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.