SAN DIEGO, April 15, 2010 (GLOBE NEWSWIRE) -- Unico, Incorporated (OTCBB:UNCO), a natural resource company in the precious metals mining sector, today announced that it has engaged Moody Capital, LLC, an Atlanta, GA-based investment bank (www.moodycapital.com) as its financial advisor to assist the Board of Directors in evaluating strategic alternatives to enhance shareholder value.
Moody Capital is an investment banking firm that specializes in serving the capital markets and financial advisory needs of small and micro-cap companies in the U.S. Moody Capital's senior bankers have extensive experience advising publicly-traded companies in the U.S. with regards to various financial and strategic alternatives.
Strategic alternatives to be considered by the Board may include, but are not limited to, continued execution of the company's business plan, partnering or other collaboration agreements, the sale of some or all of the company's assets, the sale of a minority or majority equity interest in the company, a merger or liquidation of the company, or other strategic transactions. There can be no assurance that the exploration of strategic alternatives will result in any agreements or transactions, or that, if completed, any agreements or transactions will be successful or on attractive terms. The company's strategic review is underway, but no timetable has been set for its completion. The company does not intend to disclose developments regarding this process unless and until the Board of Directors has approved a specific transaction.
"Over the past year, Unico has made strides in further defining the company's strategic objectives, and we continue to be optimistic about the company's resource base and prospects," said Dr. Edward Winders, Chairman of the Board. "With the assistance of our financial and legal advisors, we will evaluate a variety of strategic alternatives to enhance the value of the company to all our shareholders."
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About Unico, Incorporated
Unico, Inc. (OTCBB:UNCO) 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 two mine properties: the Deer Trail Mine and the Silver Bell Mine. Unico has also announced agreements to acquire over 70 additional mining claims in the area of the Deer Trail Mine including the Clyde and Crown Point 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.