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[QUOTE]Originally posted by BooDog: [QB] Unico, Inc. Announces Master Electrical Services Agreement to Meet Power Requirements at the Deer Trail Mine Tuesday May 29, 9:23 am ET SAN DIEGO, CA--(MARKET WIRE)--May 29, 2007 -- Unico, Incorporated (OTC BB:UCOI.OB - News), a natural resource company in the precious metals mining sector, today announced that its wholly owned subsidiary, Deer Trail Mining Company, LLC, has entered into a Master Electrical Services and Facilities Improvements Agreement with electricity producer Rocky Mountain Power to meet all power and energy requirements at the Deer Trail Mine in Marysvale, Utah. Included in the agreement is pricing for the supply of electrical power during both on-peak and off-peak hours and a design schematic showing the details of the planned interconnection between the existing Rocky Mountain Power substation and the new electrical substation currently being constructed at the Deer Trail Mine site. Construction of the new substation is being undertaken with the assistance of Cache Valley Electrical (http://www.cve.com/), one of the largest electrical contractors in the western United States. ADVERTISEMENT Upon executing the agreement, Deer Trail Mining Company also made a payment of $24,481.50 as an advance on the improvements to the new substation. Under terms of the agreement, the improvements include the installation of fuses for proper protection coordination, a transmission interconnection to the new substation, the installation of a one-way gang operated airbreak switch for a single disconnect point for both substations, and installation of secondary metering for the new delivery point with a communication link. Deer Trail Mining Company made a previous payment of $25,000 under its Engineering Services Agreement with Rocky Mountain Power, and this amount will be applied toward the balance due on the improvements to the new substation. The agreement has a 10-year term following the completion date of the improvements and Rocky Mountain Power's initial delivery of electrical power to the Deer Trail Mine substation facility. A feasibility study contracted by Deer Trail Mining Company and conducted by Rocky Mountain Power, determined that up to 2.5 megawatts of power could be supplied to the Deer Trail Mine through the new substation. An estimated 1.5 megawatts is needed to run the mill and processing facility at the Deer Trail Mine, and the excess power capacity would allow for future upgrades to the system to include power for mining at the Deer Trail property or other Unico claims in the area. "This agreement for master electrical services and facilities improvements is a significant step in the completion phase of the connections necessary to power the mill and processing facility, and we are pleased to have signed this contract with Rocky Mountain Power," said Mark A. Lopez, chief executive officer of Unico, Inc. "One of the primary reasons for the construction of a new electrical substation at the Deer Trail Mine was that the company would incur significantly reduced power costs as a result, and the pricing schedule for electricity included in this agreement certainly justifies our efforts to build the new substation. "We look forward to the completion of the substation and the interconnections required for the operation of the mill and processing facility at the Deer Trail Mine," added Mr. Lopez. Shareholders who would like to sign up to receive information by email directly from Unico, Inc., including when new photo galleries are posted to the company website, are asked to visit the company's website at http://www.unicomining.com/IR/mailinglist.php and fill in the appropriate fields. [/QB][/QUOTE]
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