SOURCE: Oceanic Research and Recovery

September 17, 2009 11:35 ET

ORRV Hires Full-Time Management Consultant

PEORIA, IL--(Marketwire - September 17, 2009) - Oceanic Research and Recovery Inc. (ORRV) (PINKSHEETS: ORRV), a marine salvage and exploration company, today announced it has hired Peter Tobia as a full-time consultant overseeing investor and public relations as well as other corporate matters.

"I have done extensive due diligence on many public maritime salvage companies and RSOPS is, in my opinion, the most professional treasure salvage team in the treasure recovery business," Mr. Tobia said. "The company has amassed comprehensive archival research and has a number of well developed projects. I'm particularly impressed by the fact that company has a world class salvage ship, the 110 foot RV Beacon, and is equipped with the latest cutting edge technology; we're ready to go."

"Mr. Tobia is an entrepreneur with 24 years of comprehensive international treasure salvage knowledge. He has more than 30 years experience as a founder, principal or director of nine public companies," Scott Heimdal, President of RS Operations, said. His particular areas of expertise include registration and reporting of public companies, investor and public relations, stock promotion, web site lead generation, analysis of viable international treasure opportunities, treasure business development and marketing of historical treasure and artifacts.

His collection of authentic 17th Century treasure chests is among the largest in the world. He has assisted in the creation of two Florida maritime heritage museums -- the History of Diving Museum in Islamorada and Pirate Soul in Key West.

Mr. Tobia holds a bachelor's degree in civil engineering from Rutgers University. He also holds a New Jersey Professional Engineer's license as well as Real Estate licenses with Thorpe Sotheby's International Realty in Vero Beach, Fla., and Ward Wight Sotheby's International Realty in Sea Girt, N.J., and specializes in luxury waterfront properties.

Potential investors and current shareholders are invited to view the company's newly revamped Web site at http://www.rsoperations.com. Existing shareholders are asked to register their e-mail addresses in order to receive timely information. The new web site includes weekly corporate and treasure salvage updates and a shareholder forum.

RS Operations (RSOPS) and ORRV this spring completed a merger between the two companies. The company is continuing its shallow-water activities while also beginning to develop deep-water shipwreck projects around the world.

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
    Investor Relations
    908-331-0669
    Email Contact