DGAP-News: Underseas Research&Recovery Ltd.: Underseas Prepares Filing of Criminal Complaint for

DGAP-News: Underseas Research&Recovery Ltd.: Underseas Prepares Filing of Criminal Complaint for Fraudulent Faxes

ID: 93933

(firmenpresse) - DGAP-News: Underseas Research&Recovery Ltd. / Key word(s): Legal
Matter
Underseas Research&Recovery Ltd.: Underseas Prepares Filing of
Criminal Complaint for Fraudulent Faxes

05.12.2011 / 15:00

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

Underseas Prepares Filing of Criminal Complaint for Fraudulent Faxes

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
informs that the legal counsel of the company on behalf of the Company is
preparing the filing of a criminal complaint with the District Attorney's
Office of Frankfurt against person or persons unknown including but not
limited to sending out false and misleading statements via fax about the
company and further offences. In addition company's legal counsel has
contacted the Federal Financial Supervisory Authority (BaFin) to cooperate
closely in this matter. Underseas hopes that this fraudulent action by fax
against the company, which has caused high volatility in the company's
stock traded on the Frankfurt and Berlin Exchanges, can be cleared up soon.
Underseas expects that the successful business, the progresses and the
great perspectives of the internet and satellite radio for Europe will
become again the focus of attention and that the current turbulences soon
will fade into background.

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 beaccurate. 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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148664 05.12.2011


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Datum: 05.12.2011 - 15:00 Uhr
Sprache: Deutsch
News-ID 93933
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