UnderSea Recovery Corporation Announces Haiti Update
17 Febrero 2011 - 9:23AM
UnderSea Recovery Corporation ("UnderSea") (Pink Sheets:UNDR)
announced today that it has received new assurances from
high-ranking Haitian officials that it will be awarded the much
sought after national permit to search for and recover historic
shipwrecks in Haitian waters. However, UnderSea was advised that it
would need to wait for the issuance until the new President of
Haiti is elected. The run-off presidential election is now slated
for March 20, 2011, with election results expected to be announced
in mid-April and the newly elected President expected to take
office shortly thereafter.
In making this announcement, Herbert C. Leeming, UnderSea's CEO,
stated: "We are fully confident that our perseverance and hard work
in Haiti will pay off this spring with the issuance of the permit.
Assuming that to be the case, we still believe we can get in
Haitian waters on a major shipwreck project this year, which is our
primary objective. Additionally, we are now setting up meetings
with other Caribbean countries with a view to securing other
permits."
About the Company
UnderSea is engaged in the business of locating and recovering
historical shipwrecks, primarily those from the 15th through 19th
centuries, and other cultural resources (artifacts and other
objects of historical and archaeological interest) from the world's
oceans and large lakes by applying advanced technologies in an
environmentally and ecologically responsible manner.
Forward-Looking Statements Caution:
This release includes forward-looking statements, which are
based on certain assumptions and reflects management's current
expectations. These forward-looking statements are subject to a
number of risks and uncertainties that could cause actual results
or events to differ materially from current expectations. The
Company disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise.
CONTACT: UnderSea Recovery Corporation
Bobby Goldman, Business Development Manager
212-628-8777
bobby777@rcn.com
(404) 826-1164
P.O. Box 28961
Atlanta, GA 30358
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