updated 9/7/2010 10:16:44 AM ET 2010-09-07T14:16:44

ATLANTA, Sept. 7, 2010 (GLOBE NEWSWIRE) -- UnderSea Recovery Corporation ("UNSR") (Pink Sheets:LGAL) announced today details for its trip to Haiti for the formal signing of an exclusive permit for the search and recovery of historic shipwrecks in the territorial waters of Cap-Haitien, Haiti. Accompanying UNSR's CEO and President will be UNSR's Vice President of Government Relations, UNSR's Special Haitian Legal Counsel and an official from the Haitian Consul's Office in Miami on the two-day trip, scheduled for Wednesday, September 8, 2010 and Thursday, September 9, 2010.

The UNSR representatives will meet privately with His Worship, the Mayor of Cap-Haitien, the Honourable Philocles St-Fleur, Wednesday afternoon at 2:00 P.M., after which there will be a reception for UNSR at 6:00 P.M., hosted by the Mayor and to be attended by Haitian political and business leaders.

At 10:00 A.M. on Thursday morning, the UNSR representatives will make a formal presentation on its proposed Cap-Haitien operations to Mayor St-Fleur and his staff, the Haitian Mayors' Council of Municipalities, other Haitian national, regional and local governmental officials, and members of the private business sector.

On Thursday afternoon at 2:00 P.M. there will be a press conference at which Mayor St-Fleur and Mr. Leeming will conduct a ceremonial signing of the Joint Venture and License Agreement. The signed agreement will then be hand delivered to the Honourable Paul Antoine Bien-Aime, the Minister of the Interior and Territorial Collectivity of Haiti, in the capital city of Port-au-Prince, for his countersignature on behalf of the Republic of Haiti (Republique d'Haiti).

In making this announcement, Herbert Leeming, UNSR's CEO, stated: "We are very excited to work in partnership with the municipality of Cap-Haitien to recover the many valuable historic shipwrecks in the waters of Cap-Haitien. Mayor St-Fleur is an extraordinary individual who has a great vision for bringing in business and revenue to benefit the city and citizens of Cap-Haitien, and we are proud to be a part of his vision. We hope to be able to find a number of artifacts that can be placed in a museum which will bring tourists to the wonderful city of Cap-Haitien. We have worked with many governmental officials over the years in many places in the world and it is always a pleasure dealing with one as far-sighted, capable, energetic, and dedicated to his constituents as His Worship, the Honourable Philocles St-Fleur."

About the Company

The Company 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 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.

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.97%
$30K home equity loan FICO 5.19%
$75K home equity loan FICO 4.58%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.40%
13.40%
Cash Back Cards 17.92%
17.91%
Rewards Cards 17.12%
17.11%
Source: Bankrate.com