ATLANTA, Nov. 30, 2009 (GLOBE NEWSWIRE) -- UnderSea Recovery Corporation ("UNSR") (formerly Legal Access Technologies, Inc.) (Pink Sheets:LGAL) announced today that it has rescheduled the closing for the $1,500,000 funding commitment by Global Sales Corporation for the week of December 7, 2009. The closing was originally scheduled to take place today, November 30, but was reset for next week in order for the closing date to coincide with meetings next week in Mexico City with Mexican officials and others involved in the Company's efforts to secure shipwreck search and recovery permits in Mexican territorial waters.
In making this announcement, Herbert Leeming, CEO, commented: "We decided to move our funding closing date to occur contemporaneously with meetings set with Mexican officials and others involved in the shipwreck licensing process. In doing so, it was felt we could make more economical use of the travel time and expenses associated with a trip to Mexico City. A one-week delay in the closing should not be a cause for concern on the part of our shareholders and other interested parties. We also are working on a prospective joint venture with another foreign group which, if it materializes, will be hugely important to the Company. We hope to bring it to fruition before the end of this year and will of course announce the details if and when a deal is reached."
About the Company
The Company is engaged in the business of locating and recovering historical shipwrecks, primarily those from the 15th through 19th centuries, and other cultural resources (artifacts and other objects of historical and archaeological interest) from the world's oceans and large lakes by applying advanced technologies in an environmentally responsible manner.
Forward-Looking Statements Caution:
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.