Underseas Research & Recovery Ltd.
Underseas Research & Recovery Ltd.: Underseas Prepares Filing of Criminal Complaint for Fraudulent Faxes
Underseas Research & Recovery Ltd. / Key word(s): Legal Matter Underseas Research & Recovery Ltd. / Tags: Internet, Radio, Internet Radio, Satellite Radio, Music, Entertainment Underseas Prepares Filing of Criminal Complaint for Fraudulent Faxes Toronto, Canada – December 05, 2011 Underseas Research & Recovery Ltd. (‘Underseas’ or the ‘Company’), the Toronto based holding company of a European internet and satellite radio informs that the legal counsel of the company on behalf of the Company is preparing the filing of a criminal complaint with the District Attorney’s Office of Frankfurt against person or persons unknown including but not limited to sending out false and misleading statements via fax about the company and further offences. In addition company’s legal counsel has contacted the Federal Financial Supervisory Authority (BaFin) to cooperate closely in this matter. Underseas hopes that this fraudulent action by fax against the company, which has caused high volatility in the company’s stock traded on the Frankfurt and Berlin Exchanges, can be cleared up soon. Underseas expects that the successful business, the progresses and the great perspectives of the internet and satellite radio for Europe will become again the focus of attention and that the current turbulences soon will fade into background. About Underseas Research & Recovery Ltd. 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
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