UnderSea Recovery Corporation Announces Haiti Update

ATLANTA, Feb. 17, 2011 (GLOBE NEWSWIRE) -- UnderSea Recovery Corporation ("UnderSea") (Pink Sheets:UNDR) announced today that it has received new assurances from high-ranking Haitian officials that it will be awarded the much sought after national permit to search for and recover historic shipwrecks in Haitian waters. However, UnderSea was advised that it would need to wait for the issuance until the new President of Haiti is elected. The run-off presidential election is now slated for March 20, 2011, with election results expected to be announced in mid-April and the newly elected President expected to take office shortly thereafter.

In making this announcement, Herbert C. Leeming, UnderSea's CEO, stated: "We are fully confident that our perseverance and hard work in Haiti will pay off this spring with the issuance of the permit. Assuming that to be the case, we still believe we can get in Haitian waters on a major shipwreck project this year, which is our primary objective. Additionally, we are now setting up meetings with other Caribbean countries with a view to securing other permits."

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UnderSea is engaged in the business of locating and recovering historical shipwrecks, primarily those from the 15^th through 19^th 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 and ecologically responsible manner.

For Subscribers

FOR SUBSCRIBERSCBP leaders cut out of Trump ad buy decision

FOR SUBSCRIBERSAmerican passenger drafted goodbye texts to her family as Flydubai plane plummeted

FOR SUBSCRIBERSCornell rape allegation pushes embattled New York prosecutor into national spotlight

FOR SUBSCRIBERSAbdul El-Sayed tries to woo MAHA voters as Democrats seek inroads with RFK’s supporters

FOR SUBSCRIBERSKratom-like substances are popping up in a typically benign supplement

FOR SUBSCRIBERSGOP super PAC increases its spending for Sen. Jon Husted in tough Ohio race

FOR SUBSCRIBERSRecords reveal tumultuous marriage between slain New York Times executive and wife

FOR SUBSCRIBERSFrom clean energy warrior to ‘wall of shame,’ James Talarico reverses on a fossil fuel money pledge

FOR SUBSCRIBERSCongressional staff planned official trip with luxury stops in Italy and France weeks before election

FOR SUBSCRIBERSA harrowing ordeal aboard an Israel-bound plane

FOR SUBSCRIBERSOpenAI CEO Sam Altman to skip congressional hearing on rogue AI agents

FOR SUBSCRIBERSKey DOJ lawyers departed Trump ‘grand conspiracy’ probe amid pressure to produce, source says

FOR SUBSCRIBERSTrump’s new AI chatbot often links to a site launched under Clinton 26 years ago

FOR SUBSCRIBERSAt MAHA summit, industry CEOs the movement once vilified take the stage

FOR SUBSCRIBERSThis Paralympian has two goals: Win medals and give away $500,000 to her teammates

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.

CONTACT: UnderSea Recovery Corporation Bobby Goldman, Business Development Manager 212-628-8777 bobby777@rcn.com (404) 826-1164 P.O. Box 28961 Atlanta, GA 30358