SOURCE: Oceanic Research and Recovery, Inc.

February 11, 2009 09:30 ET

Oceanic Research & Recovery, Inc. Announces Merger With RS Operations

LINDON, UT--(Marketwire - February 11, 2009) - Oceanic Research and Recovery, Inc. (ORRV) (PINKSHEETS: ORRV), a marine salvage and exploration company, today announced completion of its merger with RS Operations. The companies anticipate a short transition as RSOPS assumes ORRV's day-to-day management.

RSOPS recently concluded a successful recovery project off the coast of Ecuador in South America and has several projects in various stages of development around the world. RSOPS intends to continue to target shipwrecks in shallow water as logistical and technical preparations are made for deep water search and recovery operations.

"We've had several high quality projects in development over these past few years," said Scott Heimdal, RSOPS' President. "Merging with ORRV will allow us to bring some of these projects to immediate operational status while accelerating the development of others."

For more information on RS Operations go to www.rsoperations.com and view some of the many aspects of the RS Operations businesses activities over the years. For more information on ORRV please go to www.goldenboards.com.

For additional information or to facilitate interviews, please contact RSOPS Communications Director.

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 more information please contact:

    Alexander Lindale L.L.C.
    801-201-4691

    Terry L. Towery
    (309) 696-4249
    Email Contact