<PAGE>
                                  FORM 10-QSB
 
                       SECURITIES AND EXCHANGE COMMISSION
 
                            Washington, D.C. 20549
 
    /X/ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
        EXCHANGE ACT OF 1934
 
    For the Quarterly Period Ended                              March 31, 1997

                                        OR 

    / / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES 
        EXCHANGE ACT OF 1934
 
    For the Quarter Ended March 31, 1997             Commission File # 0-15303
 
                                    UNICO, Inc. 
                                    -----------
                 (Exact name of Registrant as specified in its Charter) 

      Delaware                                           73-1215433 
      --------                                           ----------
(State or other jurisdiction of                        (IRS Employer 
incorporation or organization)                      Identification Number) 

                      8380 Alban Road, Springfield, VA 22150
                      --------------------------------------
                (Address of principal executive offices) (Zip Code) 

(Registrant's telephone number, including area code)     (703) 644-0200
 
    Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes X No
 
                      APPLICABLE ONLY TO CORPORATE ISSUERS
 
    Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.
 
                      Class: Common Stock, $.01 Par Value
                      -----------------------------------
Number of shares outstanding as of May 13, 1997                   8,476,309
                                                                  --------- 

<PAGE>

                                     UNICO, Inc.
 
                                       INDEX
                                       -----

                                                              PAGE NO.
                                                              --------

PART I --       FINANCIAL INFORMATION

       Item 1  Consolidated Balance Sheets 
               March 31, 1997 and December 31, 1996.......     3 & 4


               Consolidated Statements of Operations 
               For the Quarter Ended March 31, 1997 
               and the Quarter Ended March 31, 1996.......       5

               Consolidated Statements of Cash Flow 
               For the Quarter Ended March 31, 1997 
               and the Quarter Ended March 31, 1996........      6

               Notes to Interim Consolidated Financial 
               Statements..................................      7

       Item 2  Management's Discussion and Analysis of 
               Financial Condition and Results of 
               Operations..................................      9

PART II -- OTHER INFORMATION...............................     12

SIGNATURE PAGE.............................................     16

                                        2


<PAGE>
                         PART I. FINANCIAL INFORMATION
 
UNICO, Inc.
 
CONSOLIDATED BALANCE SHEETS                                 
                                                                             
                                                                            
<TABLE>
<CAPTION>
                                                                             1 of 2
                                                                             ------
                                                                     MARCH 31,   DECEMBER 31,
ASSETS                                                                 1997          1996
------                                                              -----------  ------------
<S>                                                                 <C>          <C>
CURRENT:
Cash and Cash Equivalents.........................................  $   396,232   $  231,971
Accounts Receivable:
  Trade (net of allowance for uncollectible 
  accounts of $383,610 and $355,000)..............................      377,913      357,774
Inventory.........................................................      230,718      140,015
Notes Receivable..................................................      107,891       --
Other Current Assets..............................................       61,689       --
Prepaid Expenses..................................................       33,519       22,636
                                                                    -----------  ------------
  Total current assets............................................    1,207,962      754,396

PROPERTY:
Furniture, fixtures and equipment.................................    4,053,359    4,006,961
Territory buy back allowance......................................      497,500            0
Leasehold improvements............................................      109,995      109,045
  Less accumulated depreciation...................................   (1,864,918)  (1,759,425)
                                                                    -----------  ------------
  Property, net...................................................    2,795,936    2,356,581

GOODWILL..........................................................      230,538      232,407

DEPOSITS AND OTHER................................................       69,983       75,830
                                                                    -----------  ------------
TOTAL.............................................................  $ 4,304,419   $3,419,214
                                                                    -----------  ------------
                                                                    -----------  ------------
</TABLE>

                      The accompanying notes are an integral part 
                       of the consolidated financial statements.

                                          3
<PAGE>

UNICO, Inc.

CONSOLIDATED BALANCE SHEETS                                   

<TABLE>
<CAPTION>
                                                                             2 of 2
                                                                             ------ 
                                                                     MARCH 31,    DECEMBER 31,
                                                                       1997          1996
                                                                   ------------  ------------
<S>                                                                <C>           <C>
LIABILITIES & STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
Accounts payable.................................................  $  1,571,616   $1,278,604
Accrued liabilities..............................................       378,687      428,092
Notes payable, current portion...................................       297,053      749,261
Deferred revenue.................................................       122,823      124,788
                                                                   ------------  ------------
  Total current liabilities......................................     2,370,179    2,580,745

LONG TERM LIABILITIES:
Notes Payable....................................................     1,713,608    1,110,275
Deferred Rent and Other..........................................       715,238      229,280
                                                                   ------------  ------------
  Total long term liabilities....................................     2,428,846    1,339,555
                                                                   ------------  ------------
  Total liabilities..............................................     4,799,025    3,920,300

COMMITMENTS AND CONTINGENCIES (Note 2)

DEFICIENCY IN STOCKHOLDERS' EQUITY:
Preferred stock, $.01 par value: 5,000,000 shares authorized;
  designated as:
  Redeemable Preferred; 280 shares issued and outstanding........             3            3
  Series A Convertible Preferred.................................       --            --
  Series B Preferred.............................................       --            --
Series C Preferred stock, $.01 par value; voting on the basis
  of 4 votes to 1 vote for the common stock, preferred in
  liquidation at $1 per share over common shareholders,
  convertible into common stock on the basis of 4 common shares
  for each preferred share, with automatic conversion on
  August 1, 1998; authorized, 2,000,000 shares, issued and 
  outstanding, 1,712,739 shares..................................        17,127       17,127
Common stock--$.01 par value; 20,000,000 shares authorized;
  8,476,309 shares issued and outstanding........................        84,763       84,763
Additional paid-in capital.......................................     6,724,589    6,724,589
Deferred Compensation............................................       (18,230)     (18,230)
Accumulated deficit..............................................    (7,302,858)  (7,309,338)
                                                                   ------------  ------------
  Total deficiency in stockholders' equity.......................      (494,606)    (501,086)
                                                                   ------------  ------------
TOTAL LIABILITIES AND DEFICIENCY IN STOCKHOLDERS' EQUITY.........  $  4,304,419   $3,419,214
                                                                   ------------  ------------
                                                                   ------------  ------------
</TABLE>
 
                              The accompanying notes are an integral part 
                               of the consolidated financial statements.
 
                                      4
<PAGE>

UNICO, Inc.

CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE QUARTERS ENDED MARCH 31, 1997 AND 1996
 
<TABLE>
<CAPTION>
                                                                        1997          1996
                                                                    ------------  ------------
<S>                                                                 <C>           <C>
REVENUES:
Coupon and advertising sales, net of discounts and allowances.....  $  1,447,291  $  1,782,693
Franchise fees....................................................        72,685        92,133
Other.............................................................       128,755        70,573
                                                                     -----------    ----------
TOTAL REVENUES....................................................     1,648,731    1,945,399

EXPENSES:
Production........................................................       989,547     1,367,199
General and administrative........................................       473,574       679,518
Franchise development.............................................       126,699        89,002
Interest expense--affiliate.......................................        27,091        43,563
Interest expense--other...........................................        16,340        58,676
                                                                    ------------  ------------
TOTAL EXPENSES....................................................     1,633,251     2,237,958
                                                                    ------------  ------------
                                                                    ------------  ------------

NET INCOME (LOSS) BEFORE INCOME TAXES.............................        15,480      (292,559)
DEFERRED INCOME TAX EXPENSE.......................................         9,000         8,667
                                                                    ------------  ------------
                                                                    
NET INCOME (LOSS).................................................  $      6,480     $(301,226)
                                                                    ------------  ------------
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING........................     8,476,309     7,883,095
                                                                    ------------  ------------
NET INCOME (LOSS) PER COMMON SHARE................................  $       .001  $      (.038)
                                                                    ------------  ------------
</TABLE>

                         The accompanying notes are an integral part 
                          of the consolidated financial statements.

                                           5
<PAGE>

UNICO, Inc.

CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE THREE MONTHS ENDED MARCH 31, 1997 AND 1996
 
<TABLE>
<CAPTION>
                                                                          1997        1996
                                                                       ----------  -----------
<S>                                                                    <C>         <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)....................................................  $    6,480  $  (301,226)
Adjustments to reconcile net income to net cash provided by operating
  activities:
  Depreciation and amortization......................................     111,192      117,738
  Provision for bad debts............................................      28,610       68,289
  Deferred income taxes..............................................       9,000        8,667

Changes in operating assets and liabilities:
  Accounts and notes receivable......................................     211,592     315,332
  Prepaid expenses and inventory.....................................    (101,586)      15,799
  Deposits and other.................................................     (59,672)       4,764
  Accounts payable and accrued liabilities...........................     389,943      131,190
  Deferred revenue...................................................      (1,965)     (99,605)
                                                                       ----------  -----------
Net Cash Provided by (Used in) Operating Activities..................     593,594      260,948

CASH FLOWS FROM INVESTING ACTIVITIES:
Territory Buy Back Allowance.........................................    (497,500)           0
Purchase of property.................................................     (46,398)     (95,400)
                                                                       ----------  -----------
Net Cash Provided by (Used in) Investing Activities..................    (543,898)     (95,400)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from debentures.............................................           0       25,000
Proceeds from notes payable..........................................     151,125            0
Payment of notes payable.............................................     (36,560)     (61,769)
Payment of funding costs.............................................           0            0
                                                                       ----------  -----------
Net Cash Provided (Used In) Financing Activities.....................     114,565      (36,769)
                                                                       ----------  -----------

CHANGE IN CASH AND CASH EQUIVALENTS: ................................     164,261      128,779
Cash and Cash Equivalents--Beginning of Period.......................     231,971      300,821
                                                                       ----------  -----------
Cash and Cash Equivalents--End of Period.............................  $  396,232  $   429,600
                                                                       ----------  -----------
                                                                       ----------  -----------
SUPPLEMENTAL CASH FLOW DISCLOSURES:
  Cash paid for income taxes.........................................  $        0  $         0
  Cash paid for interest.............................................  $   16,340  $    31,977
</TABLE>

                          The accompanying notes are an integral part 
                           of the consolidated financial statements.

                                       6
<PAGE>

UNICO, Inc.

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
FOR THE PERIODS ENDED MARCH 31, 1997 and 1996

1.   BASIS OF PRESENTATION

     The interim consolidated financial statements at March 31, 1997 and 
     for the three month periods ended March 31, 1997 and 1996 are 
     unaudited, but include all adjustments which the Company considers 
     necessary for a fair presentation.  The December 31, 1996 balance 
     sheet was derived from the Company's audited financial statements.
     
     The accompanying unaudited financial statements are for the interim 
     periods and do not include all disclosures normally provided in 
     annual financial statements, and should be read in conjunction with 
     the Company's audited financial statements included in the 
     Company's Form 10-KSB for the year ended December 31, 1996.  The 
     accompanying unaudited interim financial statements for the three 
     month period ended March 31, 1997 are not necessarily indicative of 
     the results which can be expected for the entire year.
          
2.   COMMITMENTS & CONTINGENCIES
          
     Prior to 1995, the Florida Department of Revenue issued a 
     Notice of Intent to levy additional sales taxes with penalty and 
     interest charges totaling approximately $480,000 against the 
     Company's subsidiary, Cal-Central. A liability for a portion of 
     this matter was recorded by Cal-Central and was included in other 
     long-term liabilities in the financial statements at December 31, 
     1994.  Subsequent to December 31, 1995, written settlement was 
     reached with Florida authorities whereby Cal-Central agreed to a 
     payoff of $35,000, payable at $5,000 per quarter, over seven 
     quarters beginning in June, 1996.  The agreed to amount, net of 
     payments made, is recorded as a liability at December 31, 1996 and 
     March 31, 1997. 
     
     The Company is exposed to various other legal matters encountered 
     in the normal course of business.  In the opinion of management, 
     the resolution of these matters will not have a material adverse 
     effect on the Company's consolidated financial position or results 
     of operations.
          
3.   INCOME TAXES
          
     The Company accounts for income taxes in accordance with the 
     provisions of Statement of Financial Accounting Standards No. 109, 
     "Accounting for Income Taxes" ("SFAS 109"), which requires an asset 
     and liability approach to accounting for income taxes. Under SFAS 
     109, deferred tax assets or liabilities are computed on the 
     difference between the financial statement and income tax bases of 
     assets and liabilities ("temporary differences") using the enacted 
     marginal tax rate.  Deferred income tax expenses or benefits are 
     based on the changes in the deferred tax asset or liability from 
     period to period.
     
                                   7
<PAGE>

     Management has determined that it is not more likely than not that 
     the Company will be able to realize all the tax benefits from 
     available net operating loss carryforwards and has, therefore, 
     provided a valuation allowance of  an equal amount.  The deferred 
     income tax expense of $9,000 reflected in the Statements of 
     Operations for the quarter ended March 31, 1997 represents state 
     income taxes payable by United Coupon on first quarter profits that 
     are not impacted by the net operating loss carryforwards.
     
4.   SUBSIDIARY RESTRUCTURING 

     The Company acquired Cal-Central Marketing Corporation as a wholly 
     owned subsidiary on October 27, 1993. Operating profitability and 
     cash flow for the subsidiary have been below management's 
     expectations and anticipated potential since the acquisition. 
     During the third quarter of 1995, management determined that it was 
     in the best interest of shareholders and the Company to close the 
     Fort Lauderdale, Florida, production facility and consolidate all 
     art and printing functions for Cal-Central into the Company's newly 
     expanded facility in Springfield, Virginia.  This transition was 
     accomplished during December 1995, and a restructuring charge was 
     recorded during 1995 to reflect initial costs associated with the 
     restructuring.
     
     During the quarter ended March 31, 1996, the Company further 
     evaluated the collectibility of remaining accounts receivable of 
     Cal-Central, including receivables related to advertising 
     commitments completed during the period.  As a result of this 
     review, the Company recorded additional bad debt expense of $60,000 
     related to Cal-Central accounts receivable.  During 1996, management 
     abandoned plans for resurrecting the Cal-Central operation and all 
     remaining accounts receivable and goodwill related to the purchase of 
     Cal-Central were written off.
     
5.   CORPORATE RESTRUCTURING
     
     In March 1996, as a component of the plan to consolidate the 
     corporate office functions from Oklahoma City to the expanded 
     offices of the Company in Springfield, Virginia, the Company's 
     Board of Directors appointed Gerard R. Bernier Chief Executive 
     Officer and President of the Company.  This transition of corporate 
     authority and relocation of corporate headquarters became effective 
     March 31, 1996.
     
                                   8
<PAGE>

Item 2.  Management's Discussion and Analysis of Financial Condition and 
         Results of Operations


Liquidity and Capital Resources

     The Company's principal measures of liquidity are cash, certificates of 
deposit, accounts receivable and salable inventory.  Also, management deems 
appropriately managed and collateralized bank lines of credit as a proper 
supplement to its liquidity.

     The Company's working capital was a deficit of $1,162,217 at March 31, 
1997, a 36% improvement from December 31, 1996. This change reflects:  an 
increase in Cash and Equivalents of $164,261 resulting primarily from positive 
operating cash flow, aided by deferred interest payments regarding 
subordinated debt; a net increase of $128,030 in trade Accounts and Notes 
Receivable, related to improving sales results; an increase of $90,703 in 
paper and work in process Inventory at United Coupon Corporation ("United 
Coupon"); an increase of $10,883 in Prepaid Expenses related to annual 
insurance renewals and similar contracts; and an increase of $61,689 in Other 
Current Assets.  These changes were impacted by an increase of $293,012 in 
Accounts Payable and a $49,405 decrease in Accrued Liabilities related to pay 
down of accrued seasonal operating costs at United Coupon, as well as reduced 
deferral of interest expense and other debt service costs.  Working capital 
was also aided by a $452,208 reduction in current portion of Notes Payable, 
net of principal payments and extended terms completed during the period.

     During the current period, United Coupon purchased the rights to acquire 
and resell non-developed territories previously granted to various 
franchisees of United Coupon. This purchase was recorded as an addition of 
$497,500 to Territory Buy Back Allowance, reflected as an investment, offset 
by a long term liability of an equal amount.  The purchase price is paid to 
franchisees in the form of production expense credits of $500 per 10,000 
homes mailed, granted at the time that franchisees complete on-going 
cooperative advertising mailings.  Such credits are recorded as period 
expenses, when incurred.

     Long term liabilities increased by $1,089,291 during the period as a 
result of deferral of interest payments on subordinated debt, extension of 
notes payable obligations beyond twelve months and purchase of Territory Buy 
Back Allowances.

     During the latter half of 1995, the Company's subsidiary Cal-Central 
developed a serious liquidity shortfall as a result of an unexpected, rapid 
decline in the subsidiary's core cooperative advertising business.  The 
decline, which was precipitated by a temporary interruption of service by two 
key advertising distributors, limited Cal-Central's ability to meet current 
operating and debt-service obligations.  As a result, UNICO management 
initiated a restructuring program for Cal-Central which immediately reduced 
operating expenditures, through the elimination of non-critical personnel, 
marginal sales centers, and unprofitable sales and manufacturing functions. 
In addition, management arranged a deferral of interest payments on 
subordinated debt obligations and arranged convertible debt financing with 
the Company's major debenture holders to provide supplemental working capital 
for financing the restructuring plan.  Management abandoned its restructuring 
plan for Cal-Central during 1996 and wrote off remaining accounts receivable 
and goodwill associated with this operation.  The Company adopted resolutions, 
effective March 31, 1997, to dissolve Cal-Central.

                                  9
<PAGE>

     On May 16, 1997, the Company received a notice of delisting from NASDAQ 
Stock Market, Inc. due to capital and surplus requirement deficiencies.  The 
Company is aggressively pursuing plans it believes will successfully address 
these issues and is appealing this action.

Results of Operations - Quarter Ended March 31, 1997 as Compared to the 
Quarter Ended March 31, 1996

     Gross Revenue for the quarter ended March 31, 1997 decreased from the same
period in 1996, from $1,945,399 to $1,648,731.  Coupon and Advertising Sales, 
which include coupon production service fees, national account advertising 
fees, advertising sales and commercial printing, and which represent 73% of 
total revenue for 1997, decreased by 19% from the corresponding period in 1996.
These decreases reflect the elimination of Cal-Central sales during the current
year and limitations placed on sales efforts as a result of limited working 
capital availability.

     Franchise Fee Income for the period declined by 21% from the prior year, 
with $72,685 reported for the 1997 quarter compared to $92,133 for the same 
period in 1996. Franchise sales continue to receive intensive effort and 
management attention, although efforts are currently hampered by limited 
working capital.

     Other Revenue for the current period was $128,755 compared to $70,573 in 
1996.  This increase is primarily due to the reclassification of the Company's
obligations with respect to certain sales and use taxes and lease payments.

     Production Expenses, which include art development, printing, bindery, 
delivery, product development, distributor support and selling expense, 
decreased by $377,652, 28%, during the 1997 quarter in contrast to the same 
period in 1996.  This decrease is related to the 19% decline in Coupon and 
Advertising Sales, as well as tight cost containment actions and efficient 
production operations.

     General and Administrative Expense decreased by 30% over the same period 
last year primarily as a result of cost containment and consolidation of 
administrative functions for all Company operations within the Springfield 
facility. 

     Franchise Development Cost, which includes the cost of developing, 
advertising, selling, training and supporting United Coupon franchises, was 
42% higher than the prior year, reflecting expanded franchise sales efforts 
and higher net costs associated with use of outside sales representatives.

     Interest Expense decreased $58,808 over the same period last year as a 
result of conversion of convertible debenture debt to equity during the 
latter portion of 1996.

     During the latter portion of 1995, the Company's subsidiary, 
Cal-Central, experienced a significant cash flow shortfall as a result of the 
temporary interruption of product distribution by two key distributors.  This 
shortfall received reaction from UNICO management through the initiation of a 
restructuring plan to reduce Cal-Central administrative overhead and 
operating expenses and to

                                10
<PAGE>

implement more efficient and effective approaches to sales administration and 
product manufacturing.  During the initial phases of restructuring, 
Cal-Central was unable to meet all product art and printing requirements.  In 
addition, the interruption of distribution of Cal-Central products caused a 
delay in Cal-Central's ability to meet the distribution commitment of 
advertising sales contracts. During the three month period ended March 31, 
1996, the Company completed art and printing functions and delivered 
advertising products related to approximately $460,000 in Cal-Central 
advertising contracts.  The Company did not record sales or accounts 
receivable for these items due to the lateness in which such delivery was 
completed.  Art and printing costs related to this work are reported as 
production expense for the 1996 period. 

     Consolidated net income for the current quarterly period was $6,480 
compared to a net loss of $301,226 for the prior year.  This improvement is 
directly related to the restructuring of subordinated debt and reduced 
operating expenses at United Coupon.

                                     11     
<PAGE>

              PART II -- OTHER INFORMATION


Item 1.   Legal Proceedings

          Omitted from this report as inapplicable.

Item 2.   Changes in Securities

          Omitted from this report as inapplicable.

Item 3.   Default Upon Senior Securities

          Omitted from this report as inapplicable.

Item 4.   Submission of Matters to Vote of Securities   
          Holders
          
          Omitted from this report as inapplicable.

Item 5.   Other Information

          On May 16, 1997, the Company received a notice of delisting from 
          NASDAQ Stock Market, Inc. due to capital and surplus requirement 
          deficiencies. The Company is aggressively pursuing plans it 
          believes will successfully address these issues and is appealing 
          this action.

          The Company adopted resolutions, effective March 31, 1997, to 
          dissolve its wholly-owned subsidiary Cal-Central Marketing 
          Corporation. Management believes that the dissolution of 
          Cal-Central will result in the Company's recognition of $339,000 in 
          extraordinary gain relating to previously recorded liabilities of 
          Cal-Central not guaranteed or co-obligated by the Company. Management
          believes the dissolution of Cal-Central will be completed in the 
          second quarter of 1997.

Item 6.   Exhibits and Reports on Form 8-K        

          A.  Exhibits:

              The following exhibits are filed with this Form 10QSB and are 
              identified by the numbers indicated.

              2    Plan of Reorganization and Agreement of Merger among UNICO, 
                   Inc., AEC Acquisitions, Inc. and Cal-Central Marketing 
                   Corporation(1)
              3.1  Certificate of Incorporation, as amended(2)
              3.2  Bylaws, as amended(2)
              3.3  Amendment to the Certificate of Incorporation to increase 
                   the authorized shares of Common Stock(3)
              3.4  Bylaws, as amended.(10)
              4.1  Form of Common Stock Purchase Warrant, dated September 11, 
                   1988(4)
              4.2  Form of Class B Common Stock Purchase Warrant dated 
                   November 1, 1993(3)
              4.3  Form of Subordinated Debenture dated October 26, 1993, 
                   offered through Duncan Smith Co.(3)
              4.4  Certificate of Designations, Preferences, and Rights of 
                   Series A Convertible Preferred Stock(3)
              4.5  Certificate of Designations, Preferences, and Rights of
                   Series A Redeemable Preferred Stock(3)
              4.6  Certificate of Designations, Preferences, and Rights of 
                   Series B Redeemable Preferred Stock(3)
              4.7  Certificate of Designations, Preferences, and Rights of 
                   Series C Preferred Stock.(10)
             10.4  Form of Common Stock Purchase Warrant dated October 26, 
                   1993 offered through Duncan-Smith Co.(3)
             10.3  Second Amendment to Lease Agreement Cal-Central Marketing
                   Corporation(3)
             10.6  United Coupon Corporation Franchise Agreement.(2)

                                          12
<PAGE>

             10.7  Employment Agreement between United Coupon Corporation and
                   and Gerard R. Bernier, as amended January 1, 1985.(5)
             10.9  Credit Agreement by and Between UNICO, Inc., and its
                   subsidiaries and BancFirst.(2)
             10.10 Purchase Agreement with Concord Video.(2)
             10.11 Omnibus Equity Compensation Plan.(2)
             10.12 Convertible Debenture Loan Agreement by and between UNICO, 
                   Inc. and its subsidiaries, United Coupon Corporation and 
                   AEC Acquisitions, Inc. and Renaissance Capital Partners, 
                   Ltd. Dated December 31, 1991.(2)
             10.13 Amended and Restated Loan Agreement by and between UNICO, 
                   Inc. and its subsidiaries and BancFirst as amended
                   August 31, 1994.(5)
             10.17 Restructure Agreement Among UNICO, Inc., Cal-Central 
                   Marketing Corporation, and The American Education 
                   Corporation, dated as of December 31, 1993.(3)
             10.18 United Coupon Corporation Lease Agreement.(5)
             10.19 Master Agreement and Schedules of Indebtedness 1 and 2
                   between CIT Group and UNited Coupon Corporation.(5)
             10.27 Subordinated Loan Agreement dated June 30, 1995, among
                   UNICO, Inc. and Cal-Central Marketing Corporation and the
                   Harlon Morse Fentress Trust, Philip W. Stevenson, Jr.,
                   RHOJOAMI Partnership, Ltd., CITCAM Stock Co., Barbara T.
                   Grinnan, and Goose Creek.(7)
             10.28 Form of Common Stock Purchase Warrant, dated June 30, 
                   1995.(7)

                                   13

<PAGE>

             10.29 Subordinated Convertible Debt Loan Agreement dated October,
                   1995, and schedule of advances, among UNICO, Inc., United
                   Coupon Corporation, and Cal-Central Marketing Corporation 
                   and Renaissance Capital Group, Inc. and Duncan-Smith 
                   Company.(7)
             10.30 Third Restated Loan Agreement dated March 4, 1998, among
                   UNICO, Inc., United Coupon Corporation, Cal-Central 
                   Marketing Corporation and BancFirst(7)
             10.31 Debt Exchange Agreement among UNICO, Inc., Renaissance
                   Capital Partners, Ltd. and Duncan-Smith Investment Co.
                   dated July 1996.(8)
             10.32 Employment Agreement Between United Coupon Corporation and 
                   Gerard R. Bernier dated April 1, 1996.(10)
             10.33 Modification and Extension to the Third Restated Loan 
                   Agreement between Unico, Inc., United Coupon Corporation, 
                   Cal-Central Marketing Corporation, and BancFirst dated
                   August 15, 1996.(10)
             10.34 Consolidated Renewal Promissory Note between UNICO, Inc.,
                   United Coupon Corporation and Cal-Central Marketing
                   Corporation and BancFirst dated August 15, 1996.(10)
             10.35 Loan Conversion Agreement between Unico, Inc. and Kurt H.C.
                   Bottcher dated September 30, 1996.(10)
             27    Financial Data Schedule--Pursuant to EDGAR filing 
                   requirements for the period ended March 31, 1997, filed
                   herewith this Form 10-QSB dated May 20, 1997.

                                      14

<PAGE>

             ----------------
             (1)  Incorporated by reference to the Registrant's Form 8-K,
                  October 27, 1993 (SEC File No. (0-15303).

             (2)  Incorporated by reference to the Registrant's Form 10-K
                  for the fiscal year ending December 31, 1992 (SEC File
                  No. 0-15303).

             (3)  Incorporated by reference to the Registrant's Form 10-KSB
                  for the fiscal year ending December 31, 1993 (SEC File No.
                  0-15303).

             (4)  Incorporated by reference to the Registrant's Form S-18 
                  registration statement (SEC File No.33-73 10-FW).

             (5)  Incorporated by reference to the Registrant's Form 10-KSB
                  for the fiscal year ended December 31, 1994, (SEC File No.
                  0-15303).

             (7)  Incorporated by reference to the Registrant's Form 10-KSB
                  dated April 15, 1996 (SEC File No. 0-15303).

             (8)  Incorporated by reference to the Registrant's Form 8-K dated
                  July 30, 1996 (SEC File No. 000-15303).

             (9)  Incorporated by reference to the Registrant's Form 8-K/A 
                  DATED DECEMBER 12, 1996 (SEC FILE No. 000-15303).

            (10)  Incorporated by reference to the Registrant's Form 10-KSB
                  dated April 15, 1997 (SEC File No. 0-15303).

          B.  Reports on Form 8-K
               There were no reports on Form 8-K filed 
          during the three month period ended March 31, 
          1997.
     
                                 15
<PAGE>
                            SIGNATURES
                                 
                                 
                                 
   Pursuant to the requirements of the Securities and Exchange
Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the Undersigned.

                                   UNICO, INC.         
          
          
May 20, 1997                  By:  /s/  Gerard R. Bernier    
                                  ---------------------------
                                   Gerard R. Bernier
                                   Chief Executive Officer
                                   and President
          
                    
May 20, 1997                  By:  /s/  Subhash Ghei         
                                  ---------------------------   
                                   Subhash Ghei
                                   Chief Financial Officer

                                  16