DGAP-News: Underseas Research&Recovery Ltd.: Underseas Warns about Fraudulent Fax Recommendation

DGAP-News: Underseas Research&Recovery Ltd.: Underseas Warns about Fraudulent Fax Recommendations

ID: 93704

(firmenpresse) - DGAP-News: Underseas Research&Recovery Ltd. / Key word(s): Legal
Matter
Underseas Research&Recovery Ltd.: Underseas Warns about Fraudulent
Fax Recommendations

05.12.2011 / 07:18

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

Underseas Warns about Fraudulent Fax Recommendations

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
has been notified of certain misleading faxes using false and fraudulent
statements. Underseas firmly emphasizes that the Company has no connection
with these faxes and repudiates in the strongest terms all statements and
contents in these faxes. There never have been any connections between the
company and the sender, authors or publishers, mentioned in these faxes.
The fraudulent faxes contain false and misleading statements about the
company Underseas, its current business and the outlook. Neither the
alleged takeover offer by a large software company, nor the purported buy
recommendations for the stock of Underseas by a German financial institute
do exist. The legal counsel of the company has been commissioned to take
the appropriate legal actions in this regard. Underseas will cooperate
closely with the German authorities in this matter.
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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05.12.2011 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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148575 05.12.2011


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Bereitgestellt von Benutzer: EquityStory
Datum: 05.12.2011 - 07:18 Uhr
Sprache: Deutsch
News-ID 93704
Anzahl Zeichen: 5317

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