UnderSea Recovery Corporation Announces New Trading Symbol
December 07 2010 - 9:01AM
UnderSea Recovery Corporation ("UnderSea") (Pink Sheets:UNDR)
(formerly LGAL) is pleased to announce its new trading symbol of
UNDR. The new symbol was issued late last week by
FINRA and is more descriptive of UnderSea's corporate name.
In making this announcement, Herbert C. Leeming, UnderSea's CEO,
stated: "We are delighted to finally secure our new trading symbol.
We had applied for UNSR to become our trading symbol, but FINRA
reported a conflict with the symbol UNSR which precluded its
issuance to us. However, we are fine with UNDR and
its clear relationship to our corporate name. The new symbol will
alleviate any market confusion from our prior symbol of LGAL which
was related to our old corporate name and will give us greater and
clearer market identification which was much needed. Moreover, this
long-awaited step now clears the way for the incremental funding we
have had in the works for some time, but could not move ahead with
until the issuance of our new (and improved) trading symbol."
About the Company
UnderSea is engaged in the business of locating and recovering
historic 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.
Please visit our web Site: www.undersearecovery.com, which will
be markedly improved and upgraded over the next few weeks.
CONTACT: UnderSea Recovery Corporation
Bobby Goldman, VP - Business Development
212-628-8777
(404) 826-1164
bobby777@rcn.com
P.O. Box 28961
Atlanta, GA 30358
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