ORRV Hires Full-Time Management Consultant

PEORIA, IL--(Marketwire - 09/17/09) - Oceanic Research and Recovery Inc. (ORRV) (Pinksheets:ORRV - News), 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 Islamo...
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Oceanic Research and Recovery Announces Funding Agreement

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ORRV Hires Top-Ranked Investment Relations Firm

LINDON, UT--(MARKET WIRE)--Mar 4, 2009 -- Oceanic Research and Recovery Inc. (ORRV) (Other OTC:ORRV.PK - News), a marine salvage and exploration company, today announced it has hired Alan Stone & Company, LLC, one of the country's top-ranked investment relations firms serving emerging companies. The company reported that Alan Stone & Company, LLC, has been selected to promote and advise ORRV in the wake of last month's merger with RS Operations (RSOPS)."We're extremely proud to be associated with Alan Stone & Company," said Scott Heimdal, RSOPS' President. "We are confident in its ability to help us as we begin to grow and expand our company. We expect many exciting opportunities for our company and our investors."During the past decade, Alan Stone & Company has become one of the top-ranked investment firms serving emerging companies. During Stone's career, he has been involved in a wide variety of investor relations, investment banking, corporate finance and merger and acquisition activities. He has arranged numerous $2 million to $15 million financing and merger transactions for NASDAQ, AMEX and OTC BB listed companies.Mr. Stone was director of the Los Angeles AMEX Corporate Focus and Security Analyst Forum, a private group of investment brokers, money managers, investment bankers and analysts.He was an analyst and assistant portfolio manager of Merrill Lynch Asset Management's $250 million high yield "corporate bond" fund. As one of the largest buyers of corporate stocks and bonds on Wall Street,...
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ORRV Prepares for Phase II Survey Operations Deployment

Oceanic Research and Recovery, Inc. (ORRV) (Pinksheets: ORRV), a marine salvage and exploration company, today announced that preparations are underway to begin deployment of Phase II Survey Operations personnel and equipment. "The target of this deployment was located shortly after sinking and partially salvaged by contemporary salvors, so the information on its location is quite good," said Scott Heimdal, RS Operations' President. "By comparing the ship's manifest to the salvage records we can reasonably estimate the fair market value of the remaining treasure between 40 million to 60 million dollars. However, this estimate does not factor in smuggled treasure, which was common during colonial times.""ORRV will use its rapid deployment model, whereby the company's entire survey operation is packaged and palletized for deployment to any part of the world," said Heimdal."Consisting of gradiometer, side scan sonar, high precision L1L2 GPS technology, hi-def video and photography equipment, equipment for 4 man dive team, computers and latest software packages, ORRV's advanced, turnkey operation can be operational anywhere in the world in 10 days time from the moment of deployment.""Our survey operation is equipped with state-of-the-art technology," Heimdal said. "But technology is continually evolving and as new instrumentation is designed, we're working with manufacturers on versions that are optimized for marine search and recovery applications."Mr. Heimdal stated further, "Technology is one of the cornerstones of our business. Staying on the cutting edge of technological development is critical to the long-term success of our company."ORRV has several projects in different stages of development including its newly unveiled project, code-named "Triton," which encompasses three different Colonial-era shipwrecks. Eac...
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ORRV Prepares for Phase II Survey Operations Deployment

Oceanic Research and Recovery, Inc. (ORRV) (Pinksheets: ORRV), a marine salvage and exploration company, today announced that preparations are underway to begin deployment of Phase II Survey Operations personnel and equipment. "The target of this deployment was located shortly after sinking and partially salvaged by contemporary salvors, so the information on its location is quite good," said Scott Heimdal, RS Operations' President. "By comparing the ship's manifest to the salvage records we can reasonably estimate the fair market value of the remaining treasure between 40 million to 60 million dollars. However, this estimate does not factor in smuggled treasure, which was common during colonial times.""ORRV will use its rapid deployment model, whereby the company's entire survey operation is packaged and palletized for deployment to any part of the world," said Heimdal."Consisting of gradiometer, side scan sonar, high precision L1L2 GPS technology, hi-def video and photography equipment, equipment for 4 man dive team, computers and latest software packages, ORRV's advanced, turnkey operation can be operational anywhere in the world in 10 days time from the moment of deployment.""Our survey operation is equipped with state-of-the-art technology," Heimdal said. "But technology is continually evolving and as new instrumentation is designed, we're working with manufacturers on versions that are optimized for marine search and recovery applications."Mr. Heimdal stated further, "Technology is one of the cornerstones of our business. Staying on the cutting edge of technological development is critical to the long-term success of our company."ORRV has several projects in different stages of development including its newly unveiled project, code-named "Triton," which encompasses three different Colonial-era shipwrecks. Eac...
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ORRV Partners With Private Group on Shipwreck Recovery

LINDON, UT--(MARKET WIRE)--Feb 25, 2009 -- Oceanic Research and Recovery Inc. (ORRV) (Other OTC:ORRV.PK - News), a marine salvage and exploration company, today announced a preliminary agreement with a private group concerning a treasure-laden wreck that was accidentally discovered. "Shipwrecks are often found by accident. Divers on vacation stumble across them; fishermen snag their nets on them. It's a common occurrence all over the world," said Scott Heimdal, President of RS Operations.ORRV strives to establish effective industry partnerships in all facets of its business. Partnering with independent groups is an important part of the ORRV business model. ORRV provides a broad range of project management expertise in all areas including: project funding, legal matters, remote sensing, wreck site mapping, archaeological study, excavation and conservation.ORRV fully realizes the archaeological potential of accidental shipwreck discoveries and the need to investigate those sites in a responsible and ethical manner."It's an intriguing project," Heimdal said. "Judging by the quantity and quality of the treasure which came up, this may be a significant discovery. After preliminary studies of the wreck site are completed, we'll determine whether or not the wreck warrants further investigation."ORRV also continues work on its newly unveiled project, code-named "Triton," which encompasses three different Colonial-era shipwrecks. Each is documented to have carried large shipments of coins and bullion. One of the wrecks was...
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ORRV Announces Establishment of Scientific Advisory Board

LINDON, UT--(MARKET WIRE)--Feb 17, 2009 -- Oceanic Research and Recovery Inc. (ORRV) (Other OTC:ORRV.PK - News), 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...
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Triton Project Could Yield Up to $400 Million

LINDON, UT--(MARKET WIRE)--Feb 13, 2009 -- Oceanic Research and Recovery, Inc. (Other OTC:ORRV.PK - News), a marine salvage and exploration company, today announced its newly unveiled project, code-named "Triton," could yield cargo with a fair market value of up to $400 million. "Based on historical data and market research, ORRV has reason to believe the combined fair-market value of the cargo carried by these ships is estimated at $300 million to $400 million. This valuation is based on a number of factors including: total recovery of 80 %, 15 % loss due to salt water corrosion and wholesale numismatic values," according to Scott Heimdal, President of RS Operations.The Triton Project encompasses three different Colonial-era shipwrecks, each carrying large shipments of ore species; one of which was partially salvaged shortly after sinking.As previously stated, Project Triton falls within the company's current operational capabilities. No significant capital expenditures for a salvage ship, survey instrumentation or recovery equipment will be required to move this project forward.RS Operations (RSOPS) and ORRV announced earlier this 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 preparations are made to begin targeting deep-water shipwrecks.For more information on RS Operations and ORRV please go to ...
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ORRV Announces New Three-Pronged Recovery Project

LINDON, UT--(MARKET WIRE)--Feb 12, 2009 -- Oceanic Research and Recovery Inc. (ORRV) (Other OTC:ORRV.PK - News), a marine salvage and exploration company, today announced a new project launch, code-named "Triton." This project encompasses three different Colonial-era shipwrecks, which were lost at the same time in the same general area. Each ship is confirmed to have carried large quantities of silver and gold coins and bullion.This project falls within the company's current operational capabilities. No significant capital expenditures for a salvage ship, survey instrumentation or recovery equipment will be required to move this project forward."One of these ships was located and partially salvaged by contemporary salvors," said Scott Heimdal, President of RS Operations, ORRV's deep-water division. "The other two were located but were too deep to be salvaged, so the historical research is quite detailed and very specific on their locations."RS Operations (RSOPS) and ORRV announced earlier this 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 expanding its deep-water salvage capabilities.For more information on RS Operations go to www.rsoperations.com and view som...
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Oceanic Research & Recovery, Inc. Announces Merger With RS Operations

LINDON, UT--(MARKET WIRE)--Feb 11, 2009 -- Oceanic Research and Recovery, Inc. (ORRV) (Other OTC:ORRV.PK - News), a marine salvage and exploration company, today announced completion of its merger with RS Operations. The companies anticipate a short transition as RSOPS assumes ORRV's day-to-day management. RSOPS recently concluded a successful recovery project off the coast of Ecuador in South America and has several projects in various stages of development around the world. RSOPS intends to continue to target shipwrecks in shallow water as logistical and technical preparations are made for deep water search and recovery operations."We've had several high quality projects in development over these past few years," said Scott Heimdal, RSOPS' President. "Merging with ORRV will allow us to bring some of these projects to immediate operational status while accelerating the development of others."For more information on RS Operations go to www.rsoperations.com and view some of the many aspects of the RS Operations businesses activities over the years. For more information on ORRV please go to www.goldenboards.com.For addit...
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