Message #5 From:
NewsBot Date: September 13, 2005 02:07:00 AM
UNCN News Unico Inc. Adjourns Special Meeting of Shareholders and Sets New Meeting Date
SAN DIEGO--(BUSINESS WIRE)--Sept. 13, 2005--Unico Incorporated (OTCBB:UNCN) today announced that the Special Meeting of Shareholders on Friday, September 9, 2005 was adjourned to September 23, 2005 at 10:00 a.m. PDT at the Hilton San Diego Mission Valley located at 901 Camino del Rio South, San Diego, California, 92108.
Since a quorum of shareholders was not present at the meeting on September 9th, no valid shareholder business could be conducted and the meeting was adjourned until September 23, 2005. As of August 5, 2005, there were 498,427,896 shares of Unico's common stock issued and outstanding, and as a result, a total of at least 249,213,949 shares must be represented in person and/or by proxy at the meeting in order for a quorum to be present.
"The Special Meeting of Shareholders has been adjourned until September 23rd, and we encourage shareholders to continue returning their proxies," commented Mark A. Lopez, Chief Executive Officer of Unico Inc. "Shareholders who have their stock in certificate form should have received a proxy by mail, which after being signed and dated can be returned by mail in the return envelope provided or sent by facsimile to Transfer Online at 503-227-6874.
"Those shareholders who have not received a proxy because their stock is held in street name should contact their broker or authorized representative. They can also enter their voting instructions by telephone at 1-800-454-8683 or online at www.proxyvote.com. Any questions can be directed to Pamela Ayers by telephone at 619-209-6124 or by facsimile at 619-209-6125," added Mr. Lopez.
The proposal to be considered at the Special Meeting of Shareholders is for the Company to withdraw its election to be treated as a Business Development Company pursuant to Section 54(c) under the Investment Company Act.
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
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.
