The UniMark Group, Inc. (OTC Bulletin Board: UNMG) announced yesterday that has sold 7,106,502 shares of its common stock at $ .73 per share to its existing shareholders, with gross proceeds to the Company of $5.2 million. The Company’s largest shareholder, M & M Nominee, LLC., purchased 6,849,315 shares in the offering. As a result of the offering, UniMark’s outstanding shares of common stock has increased to 21,044,828 shares. The Company further announced that its shareholders have approved an amendment to its articles of incorporation that increased the authorized number of shares of common stock from 20,000,000 shares to 40,000,000 shares, approved the rights offering and re-elected the Company’s current board of directors.
About The UniMark Group, Inc.
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The UniMark Group, Inc. is a vertically integrated citrus and tropical fruit growing and processing company supplying major branded food companies in the United States and selected countries worldwide, with substantially all of its operations in Mexico.
Further information about UniMark may also be obtained from a number of sources via the Internet. Government filings may be accessed through www.freeedgar.com or www.sec.gov
Company Contact: Emilio Castillo Olea, President and CEO or,
David E. Ziegler, CFO/Investor Relations
817-491-2992
NOTE: The foregoing is news relating to The UniMark Group, Inc. (the “Company”) and contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. When used in this report, the words “anticipate,” “believe,” “estimate,” “expect” and similar expressions as they relate to the Company or its management, including without limitation, The UniMark Group, Inc. (as defined herein) and/or the Company’s other subsidiaries, are intended to identify such forward-looking statements. The Company’s actual results, performance or achievements could differ materially from the results expressed in, or implied by these forward-looking statements. For a discussion of additional factors that may affect actual results, investors should refer to the Company’s filings with the Securities and Exchange Commission, in particular, those factors listed under “Risk Factors” in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2000 and in its Registration Statement on Form S-1, as amended, initially filed on May 3, 2001, SEC File No. 333-60130. This does not constitute an offer to buy or sell securities by the Company, its subsidiaries or any associated party and is meant purely for informational purposes.
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