Underseas Research & Recovery Ltd.
Underseas Research & Recovery Ltd.: Underseas’ New Line of Loudspeakers Hit the European Market
Underseas Research & Recovery Ltd. / Key word(s): Product Launch 18.11.2011 / 06:00 --------------------------------------------------------------------- Underseas Research & Recovery Ltd. / Tags: Internet, Radio, Internet Radio, Satellite Radio, Music, Entertainment Underseas' New Line of Loudspeakers Hit the European Market Toronto, Canada - November 18, 2011 Underseas Research & Recovery Ltd. ('Underseas' or the 'Company'), the Toronto based holding company of a European internet and satellite radio presents new loudspeakers for the high-end electronic consumer goods market in Europe. The sales promotions for the American and Asian markets are scheduled for 2012. This new product line of loudspeakers is manufactured with Titanium and Aluminium cones, has a unique design and will set new standards in sound quality. Shipments of the products just started to all the European distributors and will be displayed into the retails shops from October. Giorgio Cappagli, head of the consumer good department of Underseas expects 'that the introduction of these new products will boost the sales of our audio product lines substantially in the coming years. We do already see a good performance of revenues and hope to close the year with a 30% increase of revenues compared to 2010.' About Underseas Research & Recovery Ltd. Underseas Research & Recovery Ltd. is the holding company for a Europe-based internet and satellite radio as well as for various consumer electronic goods. The shares of Underseas are listed on the Open Market segment of the Frankfurt and Berlin Stock Exchanges. Underseas is about to expand its current internet based radio service into terrestrial broadcasting through stratosphere based airships respectively low orbit satellites for Europe and the Mediterranean Sea prospectively until the year 2014. Underseas strives to offer its projected mobile satellite radio programs to a population of over 700 Million people. Contact: underseasrr@gmail.com Disclaimer; Forward-Looking Statements: Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as 'anticipate,' 'believe,' 'estimate,' 'expect,' 'forecast,' 'intend,' 'may,' 'plan,' 'project,' 'predict,' 'should' and 'will' and similar expressions as they relate to Underseas Research & Recovery Ltd. are intended to identify such forward-looking statements. Underseas Research & Recovery Ltd. undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. 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 Company: Underseas Research & Recovery Ltd. 4936 Younger Street Suite 727 Toronto, ON. Canada M2N 6S3 Tel: +1.647.477.9209 Fax: +1.866.230.1349 E-Mail: underseasrr@gmail.com Internet: http://www.underseas.net ISIN: CA9043511034 WKN: A0RMS3 Exchanges: Open Market Frankfurt, Open Market Berlin End of Corporate News --------------------------------------------------------------------- 18.11.2011 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 --------------------------------------------------------------------- 146875 18.11.2011
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