Underseas Research & Recovery Ltd.
Underseas Research & Recovery Ltd.: Underseas Actively Proceeds With Business Projects
Underseas Research & Recovery Ltd. / Key word(s): Miscellaneous Underseas Research & Recovery Ltd. / Tags: Internet, Radio, Internet Radio, Satellite Radio, Music, Entertainment Underseas Actively Proceeds With Business Projects Toronto, Canada – December 06, 2011 Underseas Research & Recovery Ltd. ('Underseas' or the 'Company'), the Toronto based holding company of a European internet and satellite radio updates its ongoing business projects. The preparations for the securities prospectus are progressing according to plan. Underseas strives to raise the funds required to finance the first terrestrial broadcast system in 2012. The Company expects the filing of the prospectus with the BaFin shortly. By this step, Underseas intends to provide more transparency about the company and its projects as well as to increase positive awareness of the company and competence of the management. Further actions in this regard are in progress and will be announced soon. The new platform for the internet radio, which was introduced a few weeks ago, has been well adopted by the users. With new features and a faster switch between the music programs, this software improvement already represents the next technical level ready for the projected terrestrial broadcasting of the radio programs. Besides the radio business, Underseas can report positive demand for the new hand-crafted and high quality loudspeakers, which are marketed under company's labels.
Underseas intends to prepare a 'satellite radio package' for sales, consisting of a ready-made satellite receiver and special high-quality loudspeakers to be integrated into yachts, boats and automobiles. After having signed the first distribution agreement with Cayman Yachts, the company intensifies talks about further partnerships for distribution of the new satellite radio receivers. It is the Company's objective to team-up with more strategic partners for entering additional market segments like cars, trucks, motor caravans, tour busses as well as motor and sailing yachts and boats. Underseas will publish further updates.
Contact:
Disclaimer; Forward-Looking Statements: Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Although we believe that the beliefs, plans, expectations and intentions contained in such statements are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. This or any other statement from the company or its representatives does not constitute an offer or a solicitation of an offer for the purchase or sale of any shares or other securities of I Underseas Research & Recovery Ltd. There are substantial risks associated with investing in development stage companies. Potential investors should seek advice from a qualified financial dealer prior to investing in Underseas Research & Recovery Ltd.
Language: English End of Corporate News 06.12.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
148721 06.12.2011 |