Unico, Inc. announced the approval of a Settlement Agreement dated November 13, 2009 in the case of Sullivan, et al v. Brown, et al (Case No.: 37-2008-00089801-CU-PN-CTL) filed in the San Diego Superior Court, Central Division. As a result of the approval of the settlement, the court has dismissed with prejudice the entire Action. In the posted Settlement Notice, Unico, Incorporated denied the allegations in the Action. The directors and officers of Unico Incorporated maintain they have always acted in the best interests of the corporation and its shareholders. To avoid the expense, inconvenience, and uncertainty of further litigation, the parties agreed to settle the Shareholder Derivative Action. As part of the Settlement Agreement, the court awarded the Plaintiff's Counsel $448,828.05 for attorney's fees and $28,671.95 for reimbursement of expenses. Each of the named plaintiffs was awarded $7,500 as an incentive award for their efforts in the Action. The amounts awarded will be paid through the company's directors and officers liability insurance policy. As part of the settlement, Plaintiffs, Plaintiff's Counsel, Unico's shareholders derivatively on behalf of Unico, and Unico, including their heirs, executors and administrators, predecessors, successors and assigns, all of their officers, agents, employees, attorneys, all persons in privity with them, and all persons acting in concert or participation with them, either directly, indirectly, representatively, or in any other capacity are forever restrained and enjoined from prosecuting, pursuing, or litigating any of the Released Claims against any of the Released Persons in this or any other forum.

Unico, Inc. announced that the Board of Directors approved the creation of three committees: Finance, Compensation and Research, Technical and Operations. The Finance Committee was formed to address the company's short and long term financing needs as well as to strengthen the company's investor relations program. The Finance Committee is chaired by Board member David Gillespie, a former vice president of Duke Energy who has significant public corporation financing and investor relations expertise. The Compensation Committee has been formed to ensure that employee and Board member compensation better aligns with shareholder interests. The Compensation Committee is chaired by Dr. Edward E. Winders, who is also Unico's Chairman of the Board. Dr. Winders has been chairman, president and CEO of several successful enterprises and has extensive knowledge of organizational/personnel activities. Dr. Stephen Brown is Chairman of the Research, Technical and Operations Committee. This Committee has been formed to assist the company in organizing its exploration and mining efforts. Dr. Brown is a Certified Professional Geologist who currently is a visiting scientist at MIT and a principal scientist at New England Research as well as an Adjunct Associate Professor of Geology and Geophysics at the University of Utah.

Unico, Inc. announced the formation of an Audit Committee of the Board of Directors for the purpose of enhancing the quality and independence of the Board's oversight of the company's financial affairs. The Audit Committee's primary function will be to oversee accounting, internal controls and financial reporting processes as well as to perform audits of the financial statements and other internal processes. The Board appointed independent Directors Ernest H. Kuhn, Edward E. Winders and David A. Gillespie to serve on the Audit Committee for a term of one year, and Mr. Kuhn was appointed as the Chairman of the Audit Committee also for a term of one year. Mr. Kuhn will also serve in the role as 'financial expert' as defined by the Securities and Exchange Commission. Mr. Kuhn, a Certified Public Accountant, possesses more than thirty years of professional experience. His expertise covers all aspects of financial management including but not limited to a working knowledge of federal and Utah state government tax reporting requirements, GAAP required internal controls, auditing, fully computerized recordkeeping, and preparation of the financial segments of capital projects.

Unico, Inc. Issues February 2010 Shareholder Newsletter With Review of Board Changes and Settlement of Derivative Action

Unico, Inc. Announces Settlement of Derivative Action

Unico, Inc. Issues February 2010 Shareholder Newsletter With Review of Board Changes and Settlement of Derivative Action

UNICO INC /AZ/ Files SEC form 8-K, Unregistered Sale of Equity Securities

Unico, Inc. Announces Settlement of Derivative Action

Unico, Inc. Announces Updated Tonnage Potential Calculations for Mine and Exploration Targets on the Deer Trail Mine Property

Unico, Inc. Posts Notice on Proposed Settlement of Derivative Action on Corporate Website

Unico, Inc. Issues November 2009 Shareholder Newsletter Reviewing Updated Tonnage Potential Calculations for Mine and Exploration Targets on the Deer Trail Mine Property

Unico, Inc. Announces Formation of Audit Committee to Enhance Independent Oversight of the Company's Financial Affairs

Unico, Inc. Releases December Edition of Shareholder Newsletter With Year-In-Review Feature

Unico, Inc. Announces Changes to the Company's Board of Directors

Unico, Inc. Announces the Creation of New Board Committees to Take the Company in New Directions

Unico, Inc. Announces the Creation of New Board Committees to Take the Company in New Directions

Unico, Inc. Announces Formation of Audit Committee to Enhance Independent Oversight of the Company's Financial Affairs

UNICO INC /AZ/ Files SEC form 10-Q, Quarterly Report

Unico, Inc. Releases December Edition of Shareholder Newsletter With Year-In-Review Feature

Unico, Inc. Announces Changes to the Company's Board of Directors

UNICO INC /AZ/ Files SEC form 8-K, Unregistered Sale of Equity Securities

Unico, Inc. Announces Filing of Amended Annual and Quarterly Reports Showing $4.8 Million Reduction of Accumulated Deficit

UNICO INC /AZ/ Files SEC form 10-Q, Quarterly Report