DGAP-News: Underseas Research&Recovery Ltd.: Underseas Update on Investor Relations and Corporat

DGAP-News: Underseas Research&Recovery Ltd.: Underseas Update on Investor Relations and Corporate Matters

ID: 109155

(firmenpresse) - DGAP-News: Underseas Research&Recovery Ltd. / Key word(s):
Miscellaneous
Underseas Research&Recovery Ltd.: Underseas Update on Investor
Relations and Corporate Matters

31.01.2012 / 09:12

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Underseas Research&Recovery Ltd. / Tags: Internet, Radio, Internet Radio,
Satellite Radio, Music, Entertainment

Underseas Update on Investor Relations and Corporate Matters

Toronto, Canada - January 31, 2012

Underseas Research&Recovery Ltd. ('Underseas' or the 'Company'), the
Toronto based holding company of a European internet and satellite radio
informs that the Company through an authorized German law office is in
close cooperation with the Federal Financial Supervisory Authority in
Germany, BaFin, and other Public Authorities with regard to the misleading
and fraudulent spam messages, which were promoted end of the year 2011.

In this context, Underseas would like to refer to the latest update
published by BaFin on January 4th, 2012. Specified therein, BaFin announces
that Underseas Research&Recovery Ltd. 'has repudiated the distributed
spam faxes and spam e-mails' and 'that a takeover bid by a large software
company does not exist'. The complete update can be viewed on the website
of the BaFin. Direct link:
http://www.bafin.de/cln_152/nn_989304/SharedDocs/Mitteilungen/DE/Verbrauch
er/VM__Weitere/vm__111202__Underseas__Research__Recovery.html

In connection with the efforts for clarification in this matter, the
Company through a German law office already had filed a criminal complaint
with the District Attorney Frankfurt/Main file number 7421 UJs 223658/11
end of last year.

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 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(at)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(at)gmail.com
Internet: http://www.underseas.net
ISIN: CA9043511034
WKN: A0RMS3
Exchanges: Open Market Frankfurt, Open Market Berlin


End of Corporate News

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31.01.2012 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

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154563 31.01.2012


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Bereitgestellt von Benutzer: EquityStory
Datum: 31.01.2012 - 09:12 Uhr
Sprache: Deutsch
News-ID 109155
Anzahl Zeichen: 3589

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Kategorie:

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