SOURCE: Sovereign Exploration Associates International, Inc.

July 17, 2007 09:09 ET

Lavelle Holdings, Inc. (A Wholly Owned Subsidiary of Sovereign Exploration Associates International, Inc.) Has Entered Into a Consulting Services Agreement With J. P. Kenny, Inc.

NEWTOWN, PA--(Marketwire - July 17, 2007) - Sovereign Exploration Associates International, Inc. (OTCBB: SVXA) is pleased to report that its wholly owned subsidiary, Lavelle Holdings, Inc., has signed a Consulting Agreement with J.P. Kenny, Inc., one of the world's largest and most innovative subsea engineering and project management contractors. J.P. Kenny is part of the Wood Group, an international energy services company with more than $2.8b in sales, employing over 16,000 and operating in 40 countries.

Lavelle Holdings specializes in offshore project management and subsea marine services. The company has unique expertise in underwater cable installation, laying of offshore pipelines, subsea risers, ROV (remote operated vehicles) and saturation diving services. Lavelle's technical team is one of the best companies in the industry at implementing complex subsea installations and salvage operations.

"We are very proud to be selected as a provider of services for J.P. Kenny, Inc.," stated John Garnsey, President of Lavelle Holdings, Inc. "We will be providing personnel to serve as client representatives and site managers for offshore and onshore projects. We will also be providing consulting services during preliminary design and participate in preparation and tender evaluation of bid packages. We believe this contract further solidifies our strategy to diversify into the offshore energy sector."

J.P. Kenny, Inc. was recently named "Subsea Company of The Year" by Subsea UK, a trade association representing 150 of the world's leading subsea companies. "Their selection of Lavelle Holdings to provide outside specialized subsea consulting services further confirms the expertise and experience of the Lavelle management team," said Bob Baca, President & CEO of Sovereign.

About Sovereign Exploration Associates International, Inc.

Sovereign Exploration Associates International, Inc. is a maritime exploration company that researches, digitally maps, records, and recovers and conserves artifacts from shipwreck sites. The Company is diversified into other marine related businesses. Through its wholly owned subsidiary, Lavelle Holdings, Inc, Sovereign provides subsea marine consulting services and offshore project management.

The Company cannot guarantee or give any other level of assurance that the shipwrecks or cargoes mentioned above will be located and recovered nor that a claim of ownership might be made against the shipwreck or its cargo by any sovereign authority or company. Pursuant to Section 13 or 15(d) of the Security Exchange Act of 1934, SVXA, has filed form 8-K if required. For more information on the company, please visit www.sea-int.com.

Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as the term is defined in the Private Securities Litigation Reform Act of 1995. The company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release the Company will appropriately inform the public.

Contact Information

  • Company Contact:
    Robert D. Baca
    President & CEO
    215.968.0200
    Email Contact

    Agency Contact:
    Pam Lagano
    Lagano & Associates, Inc.
    727.480.3082
    Email Contact