SOURCE: Oceanic Research and Recovery Inc.

February 17, 2009 12:16 ET

ORRV Announces Establishment of Scientific Advisory Board

LINDON, UT--(Marketwire - February 17, 2009) - Oceanic Research and Recovery Inc. (ORRV) (PINKSHEETS: ORRV), a marine salvage and exploration company, today announced the creation of a Scientific Advisory Board and the first appointment to that board.

"This business uses a broad range of scientific disciplines," said Scott Heimdal, President of RS Operations. "Our Scientific Advisory Board will help ensure that all company activities adhere to the highest scientific standards when working on a shipwreck or any marine salvage project."

Wyatt Yeager, M.Sc., will serve on the company's Scientific Advisory Board and advise the company on all matters related to the conservation of cultural materials recovered.

"As a noted authority in the marine archaeological conservation field, Mr. Yeager is an extremely important addition to our Scientific Advisory Panel," Heimdal said. "Besides being an expert in artifact conservation, Mr. Yeager brings years of experience in maritime archaeology and survey methodology to the company."

Yeager, former conservation laboratory director for Odyssey Marine Exploration in Tampa, Fla., received a Master's degree in Museum Studies from the prestigious University of Leicester in England and obtained a Bachelor's degree in Anthropology with honors from San Francisco State University. He currently is working toward his doctorate degree.

Mr. Yeager has worked and collaborated on such wrecks as the SS Republic, HMS Sussex and the Spanish Armada. He has consulted on projects and conserved tens of thousands of artifacts from around the world.

"My interests and specialties concern highly unstable metals and ceramics from the marine environment," said Yeager. "As an archaeological conservator it is my responsibility and duty to conserve our cultural heritage for the future generations."

RS Operations (RSOPS) and ORRV announced last week that a merger between the two companies had been completed. The two marine salvage companies merged their assets and management teams. The company intends to continue shallow-water activities while organizing its deep-water search and recovery operations.

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