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BREAKING NEWS -
COMPANY PRESS RELEASE
Source: Unico, Inc. (OTCBB: UICO)
Unico, Inc. Launches New and Improved Web Site for Independent News
To be used as a model for improvements to TheLocalTimes
Pompton Lakes, NJ - June 18, 2000; Unico's President, Mr. Joe Nicastro, is pleased to announce the launch of the new web site, www.indynews.com, for its wholly owned subsidiary Independent News. Independent News, a freely distributed newspaper in northern New Jersey serving more than 22 communities, was acquired by Unico as of July 1, 2001. Independent News was established 14 years ago by Joe Nicastro, its current publisher and new President of Unico, Inc.
After its acquisition of Independent News, the newspaper has been further developed and implemented with Unico's other subsidiary TheLocalTimes, www.thelocaltimes.com. TheLocalTimes is a complete integrated web solution for the nation's estimated 15,000 local newspapers, all potential customers of TheLocalTimes.
During the past months, the Independent News' web site has been completely revamped both technically and with a new and updated design. The site now has many more features to enhance value not only for its readers but also for every customer of TheLocalTimes. It also benefits advertisers and readers as Unico first tests and improves its products in the Independent News' own home market before providing the new features to TheLocalTimes.
Unico's chief designer, Mr. Ted Pierson says, "Although the site is completely new, and many more features are added, doesn't mean we are satisfied. It means that the new site is launched and can be used by the public. Meanwhile, by listening to our users and by participating in the technical evolution we continue to improve the quality and to add more features."
Unico's goal is to make TheLocalTimes the ultimate web solution for the nation's small and medium-sized newspapers, as many have neither the technical resources to maintain a world class web site nor the financial incentive to do so.
Unico and TheLocalTimes are changing all that with one keystroke. From now on, all a newspaper has to do is to sign up for TheLocalTimes service and Unico provides a turn-key solution, including an interactive web site specifically designed to the individual paper's needs; a complete set of technical tools designed by its highly qualified in-house technical staff and outsourced technical specialists to serve as the ultimate technical solutions on the web for the nation's newspapers.
"What is even more important," says Mr. Nicastro "is that our revenue sharing program is unique as it actually guarantees increased revenue for our client newspapers." Mr. Nicastro continues, "We have worked hard to reach the stage where we are today, and the future has never looked brighter for Unico."
About Unico
Unico, Inc. is a multi media corporation focusing on acquiring and development of Internet related news and media entities. Unico also aids non-Internet media related organizations seeking to develop an Internet presence through strategic partnership as well as offering consulting and advisory services.
By evolving from an Internet incubator into a quality news and media company with one wholly owned and growing newspaper and a fully functioning cash generating Internet division, Unico is positioning itself for explosive growth over the next few years. Not only will Unico benefit from increased cash flow and ultimately increased profits, it will also be able to acquire additional newspapers and other media related entities.
For more information on how to become a part of TheLocalTimes family, please visit the web site at www.unicoholdings.com/thelocaltimes or call (973) 839 7200
Unico's other websites are:
For Investor Relations information call (973) 839 7200, ext. 36 or Michael Gales at the Stockadvisor (843) 849 7960.
Unico is featured at TheStockAdvisor (www.thestockadvisor.com) and additional information can be obtained from www.thestockadvisor.com/spotlights/uico.htm and www.thestockadvisor.com/spotlights/091200uicospotlight.htm.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw material, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
SOURCE: Unico, Inc.
CONTACT: TheStockAdvisor, Inc.
Michael Gales, 843/849-7960
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