DGAP-News: Underseas Research&Recovery Ltd.: SBN GROUP ORGANIZES FOR GROWTH
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Underseas Research&Recovery Ltd.: SBN GROUP ORGANIZES FOR GROWTH
12.11.2012 / 13:35
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SBN GROUP ORGANIZES FOR GROWTH
STRATEGY OPTIMIZES KEY TRENDS INLUENCING MUSIC INDUSTRY
FOR IMMEDIATE RELEASE
TORONTO - November 11, 2012 - Underseas Research&Recovery Ltd.
('Underseas' or the 'Company'), a Toronto based holding company for SBN
Group ('SBN') is organizing to take advantage of emerging technology trends
driving the world wide market for music consumption.
The integration of mobile devices into people lives is both increasing, and
occurring at an early age. NPD Group estimates that children as early as 5
years old are embracing mobile technology, with iPod touch leading the way,
and suggests that music applications (or apps) are as important to kids and
tweens as is social networking. NPD estimates that music apps are used by
50% of North American and Western European children aged 12 - 14.
As a result, new distribution in the music industry is geared towards
revenue of singles, and primarily, that consumption is being driven by
streaming. Nielsen reports that of the approximately 30 billion total
music streams and transactions that took place in 2011, 21 billion or 70%
were streams. For the first 5 months of 2012 alone, Nielsen reported
approximately 11.2 billion streams, and is projecting that streaming
activity will increase by 33% by end of the year.
'Mainstream acceptance of digital music subscription services and the items
that drive it including: social media, social recommendation apps, social
sharing and cloud computing is changing the face of the music industry, and
SBN expects to be perfectly positioned to take advantage of these trends in
streaming music,' said Berl Bessin, President of SBN.
SBN is looking at companies such as: Spotify, Rdio, MOG Slacker, Rhapsody,
Deezer and other music streaming companies as gateways through which to
expand and leverage its existing infrastructure for further growth in
Europe and the Mediterranean.
About Underseas Research&Recovery Ltd.?Underseas Research&Recovery Ltd. is the holding company for the SBN Group
consisting of Florida based AE American Enterprises, Inc. and Internet
radio provider SBN SPA Ltd., located in Malta. SBN strives to offer its
projected mobile satellite radio programs to a population of over 700
Million people.
Shares of Underseas are listed on the Open Market segment of the Frankfurt
and Berlin Stock Exchanges. Canadian business incubator Indenture
Investments Limited which, also listed on the Frankfurt Stock Exchange
under the Symbol cbh holds approx. 75% of the outstanding shares of
Underseas.
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 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.
For Media and Investor Information:
Mr. Berl Bessin
info(at)sbnsat.com
Underseas Research&Recovery Ltd.?4936 Yong Street Suite 727?Toronto, ON. Canada M2N 6S3?Tel: ++1.416.410.3995?Fax: ++1.866.230.1349?E-Mail: info(at)sbnsat.com?Internet: http://www.underseasresearchandrecovery.com?ISIN: CA9043511034?WKN: A0RMS3?End of Corporate News
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192754 12.11.2012
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