SOURCE: Oceanic Research and Recovery

April 07, 2010 08:00 ET

ORRV Adds New Boat to Its Treasure Hunting Fleet

PEORIA, IL--(Marketwire - April 7, 2010) - Oceanic Research and Recovery Inc. (PINKSHEETS: ORRV), a marine salvage and exploration company, today announced it has acquired a new boat for its treasure salvage operations.

The new boat is a 35 foot long Chriscraft that was originally bought and outfitted for treasure hunting by Art Hartman. With a new 4 cylinder John Deere diesel engine, air conditioned main cabin, accommodations for 4 people and 28 inch blower mounted on the stern she will make an excellent addition to the company's specialized treasure hunting fleet.

 "Just like the Beacon, which has recovered millions of dollars in treasure from several galleons over the years, Art used her to recover millions off the Maravilla and the 1715 wrecks," said Scott Heimdal. "She's a lucky boat and we're happy to have her."

"Besides being a great dive boat, she'll also make an excellent survey platform for use of the company's gradiometer and side scan sonar while being able to do double duty as a light blower boat for shallow water excavations," said Mr. Heimdal, CEO of the company.

For more information on RS Operations and ORRV please go to www.rsoperations.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.

Contact Information

  • For additional information or to facilitate interviews, please contact:
    Terry L. Towery
    RSOPS Communications Director
    (309) 696-4249
    Email Contact

    Peter Tobia
    RSOPS Investor Relations
    908-331-0669
    Email Contact