ATLANTA, May 29, 2009 (GLOBE NEWSWIRE) -- Legal Access Technologies, Inc., d/b/a UnderSea Recovery Corporation (Pink Sheets:LGAL), www.UNSR.com, announced today that it has executed an Issuer Services Agreement with Pink OTC Markets, Inc. as it moves forward with its recently announced plan to upgrade its listing status on the Pink Sheets.
Pink OTC Markets provides the leading inter-dealer electronic quotation and trading system in the over-the-counter (OTC) securities market today and operates the third largest U.S. equity trading venue. Pink OTC Markets offers access to all U.S. broker-dealers, enabling investors to seamlessly trade securities through their institutional, online, or full service brokers. Pink OTC Markets operates Pink Quote, its inter-dealer quotation system, and Pink Link, its inter-dealer messaging system, which facilitate transactions in OTC securities for market makers and broker-dealers, and also owns and operates the website www.OTCIQ.com, through which it provides access to the "OTC Disclosure and News Service", a service devoted to the publication of disclosure statements, news releases and financial reports of issuers of securities that trade in the OTC markets.
Under the Issuer Services Agreement, the Company will be able to avail itself of many of the services offered by Pink OTC Markets, Inc. Upon filing the requisite documentation for it to become a "Current Information Company", the Company will be positioned to utilize more of the services offered by Pink OTC Markets, enabling it to offer greater transparency and material information to investors.
In making this announcement, Herbert Leeming, CEO, stated: "The Company is committed to the proposed upgrade of its listing status to gain greater respectability and heightened investor interest that follow greater transparency and disclosure. The execution of the Issuer Services Agreement is the first step in that process. We believe the services offered through this Agreement will, over time, greatly enhance the tradability and liquidity of our stock and enable us to more effectively disseminate critical information to the investors."
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.