DGAP-News: Underseas Research&Recovery Ltd.: Underseas to Cooperate with Cayman Yachts for Satel

DGAP-News: Underseas Research&Recovery Ltd.: Underseas to Cooperate with Cayman Yachts for Satellite Radio

ID: 92319

(firmenpresse) - DGAP-News: Underseas Research&Recovery Ltd. / Key word(s): Alliance
Underseas Research&Recovery Ltd.: Underseas to Cooperate with Cayman
Yachts for Satellite Radio

30.11.2011 / 10:00

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

Underseas to Cooperate with Cayman Yachts for Satellite Radio

Toronto, Canada - November 30, 2011

Underseas Research&Recovery Ltd. ('Underseas' or the 'Company'), the
Toronto based holding company of a European internet and satellite radio is
pleased to announce the signing of a cooperation agreement with Cayman
Yachts, a leading Italian manufacturer of high class yachts, located in La
Spezia, Italy. Both parties will join efforts to provide specially designed
and manufactured satellite radio receivers as standard equipment on all the
yachts of Cayman for the shoreless reception of the new satellite radio
starting in 2012. By this step it will become possible for Cayman Yachts to
receive the Underseas radio programs, which offer over 100 music,
entertainment and news channels in CD-quality not only through internet,
but soon also on the move through satellites while cruising the
Mediterranean Sea.

Sibilla Castoldi, CEO of Cayman Yachts stated 'From now on, all our
customers will be able to access the multi lingual programming of
Underseas' internet and satellite radio. We are very proud to be the first
yacht builder who signed such agreement'. Giorgio Cappagli, founder and
manager of Underseas' radio business comments: 'We are delighted about this
great strategic cooperation with famous Cayman Yachts. This partnership
represents the first step on our way to enter the huge market for the
projected pan-European satellite radio. Now we are moving actively forward




to team-up with more distribution partners for our coming terrestrial
satellite radio.'

About Cayman Yachts: www.caymanyachts.it
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(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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30.11.2011 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

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148037 30.11.2011


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Datum: 30.11.2011 - 10:00 Uhr
Sprache: Deutsch
News-ID 92319
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