OCEANIC RESEARCH AND RECOVERY RELEASES DETAILS OF INVOLVEMENT IN EMERALD DISCOVERY FEATURED ON CBS 60 MINUTES
Click here to view the 60 Minutes program!.
Read the ORRV press release concerning the emerald discovery!
OCEANIC RESEARCH AND RECOVERY RELEASES DETAILS OF INVOLVEMENT IN EMERALD DISCOVERY FEATURED ON CBS 60 MINUTES
PEORIA, IL, April 23, 2012 (PR NEWSWIRE) – Oceanic Research and Recovery Inc. (PINKSHEETS: ORRV), a marine salvage and exploration company, today confirmed that it has been involved with the discovery of emeralds made by Jay Miscovich and recently featured on CBS News 60 Minutes.
Originally discovered in early 2010, the emeralds have been the subject of 2 legal proceedings. The first action was in the Delaware Chancery Court and has been resolved. Mr. Miscovich and JTR Enterprises have since filed an “Admiralty Arrest” of the emeralds in Federal District Court. This case remains ongoing.
Originally aired on Sunday, April 22, 2012, the 60 Minutes episode examines the recovery of over 65,000 Colombian emeralds by Jay Miscovich of Latrobe, Pennsylvania. Said 60 Minutes, “Last year, we got wind of a story that seemed — on the surface — too good to be true. An amateur diver and part-time treasure hunter had made one of the largest discoveries of sunken treasure in history: a sea bed covered in raw emeralds off the coast of Key West, Florida.”
Scott Heimdal assisted Mr. Miscovich and his company with early stage project management and financing on this project. In exchange for those contributions ORRV currently owns 5.21% of JTR Enterprises.
“Only now that 60 Minutes has aired the program are we able to reveal details of our involvement to the public.” said Scott Heimdal, Chief Operating Officer of ORRV, “We expect a favorable ruling, however, due to the ongoing proceedings in Federal Court ORRV will be making no further official statements until the case is resolved.”
The public may view the 60 Minutes program on their website at http://www.cbsnews.com/video/watch/?id=7406226n&tag=contentBody;storyMediaBox
You can also go directly to JTR Enterprises webpage at www.treasurereef.com
For more information on ORRV please visit www.orrvweb.com
Or go to the ORRV Facebook page at http://www.facebook.com/pages/Oceanic-Research-and-Recovery/158322137537344
Safe Harbor Statement under the
Private Securities Litigation Reform Act of 1995
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as “may,” “will,” “should,” “could,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “forecasts,” “potential,” or “continue,” or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
For additional information or to facilitate interviews, please contact:
Terry L. Towery
ORRV Communications Director
309-696-4249
Terry.Towery@orrvweb.com
The Tradewinds Project is the culmination of over 3 years of development efforts. It is a long term effort planned and organized to locate and recover multiple shipwrecks in the Philippines over the next 5 years.
Valuable shipwrecks can be found throughout the world, but the Philippines are unique. For millennia it was a center of commerce for ships of all nations. Ships entered port laden with gold and silver and traded for beautiful, exotic objects wrought of porcelain, ivory, jade and gold. Ships of all major seafaring countries sailed the waters of the Philippines laden with the wealth of nations. The Philppines is truly a “Crossroads of Civilizations”.
Learn more about the Tradewinds Project
View Latest Press Releases
3H Consulting Marine GIS
ORRV utilizes the 3H Consulting Geographic Information System for Marine Archaeology as the cornerstone for shipwreck excavations and overall archaeological project management. To learn more about this powerful software you can “test drive” the program by following instructions below. The sample file for the demo is the Mary Rose. This ship was the flagship of King Henry the IIIV and was lost off the coast of England. It provides an excellent example of the sophistication of this powerful software.
[collapseSym] =>
)
postsToExclude:
Array
(
)
CATEGORY QUERY:
SELECT t.*, tt.* FROM wp_terms AS t INNER JOIN
wp_term_taxonomy AS tt ON t.term_id = tt.term_id WHERE tt.taxonomy IN
('category') AND t.slug!='blogroll'
ASC
CATEGORY QUERY RESULTS
Array
(
[0] => stdClass Object
(
[term_id] => 40
[name] => Ancient Coins
[slug] => anccoins
[term_group] => 0
[term_taxonomy_id] => 40
[taxonomy] => category
[description] =>
[parent] => 35
[count] => 18
)
[1] => stdClass Object
(
[term_id] => 12
[name] => Archaeology
[slug] => archaeology
[term_group] => 0
[term_taxonomy_id] => 12
[taxonomy] => category
[description] =>
[parent] => 0
[count] => 0
)
[2] => stdClass Object
(
[term_id] => 122
[name] => Auctions
[slug] => auctions
[term_group] => 0
[term_taxonomy_id] => 122
[taxonomy] => category
[description] =>
[parent] => 0
[count] => 0
)
[3] => stdClass Object
(
[term_id] => 13
[name] => Blog
[slug] => blog
[term_group] => 0
[term_taxonomy_id] => 13
[taxonomy] => category
[description] =>
[parent] => 3
[count] => 786
)
[4] => stdClass Object
(
[term_id] => 41
[name] => Bullion
[slug] => bullion
[term_group] => 0
[term_taxonomy_id] => 41
[taxonomy] => category
[description] =>
[parent] => 35
[count] => 96
)
[5] => stdClass Object
(
[term_id] => 124
[name] => Christies
[slug] => auctions-chis
[term_group] => 0
[term_taxonomy_id] => 124
[taxonomy] => category
[description] =>
[parent] => 122
[count] => 1631
)
[6] => stdClass Object
(
[term_id] => 35
[name] => Coins & Bullion
[slug] => coins-bullion
[term_group] => 0
[term_taxonomy_id] => 35
[taxonomy] => category
[description] =>
[parent] => 0
[count] => 0
)
[7] => stdClass Object
(
[term_id] => 3
[name] => Company
[slug] => company
[term_group] => 0
[term_taxonomy_id] => 3
[taxonomy] => category
[description] =>
[parent] => 0
[count] => 0
)
[8] => stdClass Object
(
[term_id] => 121
[name] => DAN
[slug] => dive-dan
[term_group] => 0
[term_taxonomy_id] => 121
[taxonomy] => category
[description] =>
[parent] => 32
[count] => 38
)
[9] => stdClass Object
(
[term_id] => 119
[name] => DAN Medical
[slug] => dive-medical
[term_group] => 0
[term_taxonomy_id] => 119
[taxonomy] => category
[description] =>
[parent] => 32
[count] => 15
)
[10] => stdClass Object
(
[term_id] => 14
[name] => Deep Water
[slug] => deep-water
[term_group] => 0
[term_taxonomy_id] => 14
[taxonomy] => category
[description] =>
[parent] => 6
[count] => 4
)
[11] => stdClass Object
(
[term_id] => 32
[name] => Diving
[slug] => dive
[term_group] => 0
[term_taxonomy_id] => 32
[taxonomy] => category
[description] =>
[parent] => 0
[count] => 0
)
[12] => stdClass Object
(
[term_id] => 15
[name] => Emerald Reef
[slug] => emerald-reef
[term_group] => 0
[term_taxonomy_id] => 15
[taxonomy] => category
[description] =>
[parent] => 6
[count] => 2
)
[13] => stdClass Object
(
[term_id] => 118
[name] => General
[slug] => dive-general
[term_group] => 0
[term_taxonomy_id] => 118
[taxonomy] => category
[description] =>
[parent] => 32
[count] => 178
)
[15] => stdClass Object
(
[term_id] => 16
[name] => Gis
[slug] => gis
[term_group] => 0
[term_taxonomy_id] => 16
[taxonomy] => category
[description] =>
[parent] => 11
[count] => 5
)
[16] => stdClass Object
(
[term_id] => 17
[name] => Gps
[slug] => gps
[term_group] => 0
[term_taxonomy_id] => 17
[taxonomy] => category
[description] =>
[parent] => 11
[count] => 3
)
[18] => stdClass Object
(
[term_id] => 116
[name] => Land Archaeology
[slug] => land-arch
[term_group] => 0
[term_taxonomy_id] => 116
[taxonomy] => category
[description] =>
[parent] => 12
[count] => 239
)
[19] => stdClass Object
(
[term_id] => 18
[name] => Land Treasure
[slug] => treasure
[term_group] => 0
[term_taxonomy_id] => 18
[taxonomy] => category
[description] =>
[parent] => 9
[count] => 59
)
[20] => stdClass Object
(
[term_id] => 19
[name] => Legal Issues
[slug] => legal
[term_group] => 0
[term_taxonomy_id] => 19
[taxonomy] => category
[description] =>
[parent] => 9
[count] => 6
)
[21] => stdClass Object
(
[term_id] => 20
[name] => Lost Treasure
[slug] => lost-treasure
[term_group] => 0
[term_taxonomy_id] => 20
[taxonomy] => category
[description] =>
[parent] => 8
[count] => 1
)
[22] => stdClass Object
(
[term_id] => 21
[name] => Magnetometer
[slug] => magnetometer
[term_group] => 0
[term_taxonomy_id] => 21
[taxonomy] => category
[description] =>
[parent] => 11
[count] => 9
)
[23] => stdClass Object
(
[term_id] => 117
[name] => Marine Archaeology
[slug] => marine-arch
[term_group] => 0
[term_taxonomy_id] => 117
[taxonomy] => category
[description] =>
[parent] => 12
[count] => 312
)
[24] => stdClass Object
(
[term_id] => 22
[name] => People Magazine
[slug] => people-magazine
[term_group] => 0
[term_taxonomy_id] => 22
[taxonomy] => category
[description] =>
[parent] => 8
[count] => 1
)
[25] => stdClass Object
(
[term_id] => 23
[name] => Peru
[slug] => peru
[term_group] => 0
[term_taxonomy_id] => 23
[taxonomy] => category
[description] =>
[parent] => 6
[count] => 1
)
[26] => stdClass Object
(
[term_id] => 24
[name] => Philippines
[slug] => philippines
[term_group] => 0
[term_taxonomy_id] => 24
[taxonomy] => category
[description] =>
[parent] => 6
[count] => 3
)
[27] => stdClass Object
(
[term_id] => 5
[name] => Press Releases
[slug] => pressreleases
[term_group] => 0
[term_taxonomy_id] => 5
[taxonomy] => category
[description] =>
[parent] => 3
[count] => 25
)
[28] => stdClass Object
(
[term_id] => 6
[name] => Projects
[slug] => projects
[term_group] => 0
[term_taxonomy_id] => 6
[taxonomy] => category
[description] =>
[parent] => 0
[count] => 0
)
[29] => stdClass Object
(
[term_id] => 7
[name] => Public Filings
[slug] => public-filings
[term_group] => 0
[term_taxonomy_id] => 7
[taxonomy] => category
[description] =>
[parent] => 3
[count] => 12
)
[30] => stdClass Object
(
[term_id] => 8
[name] => Publications
[slug] => publications
[term_group] => 0
[term_taxonomy_id] => 8
[taxonomy] => category
[description] =>
[parent] => 0
[count] => 0
)
[31] => stdClass Object
(
[term_id] => 26
[name] => Resistivity
[slug] => resistivity
[term_group] => 0
[term_taxonomy_id] => 26
[taxonomy] => category
[description] =>
[parent] => 11
[count] => 2
)
[32] => stdClass Object
(
[term_id] => 27
[name] => ROV
[slug] => rov
[term_group] => 0
[term_taxonomy_id] => 27
[taxonomy] => category
[description] =>
[parent] => 11
[count] => 1
)
[33] => stdClass Object
(
[term_id] => 28
[name] => Shipwrecks
[slug] => shipwrecks
[term_group] => 0
[term_taxonomy_id] => 28
[taxonomy] => category
[description] =>
[parent] => 9
[count] => 41
)
[34] => stdClass Object
(
[term_id] => 29
[name] => Side Scan Sonar
[slug] => side-scan-sonar
[term_group] => 0
[term_taxonomy_id] => 29
[taxonomy] => category
[description] =>
[parent] => 11
[count] => 8
)
[35] => stdClass Object
(
[term_id] => 123
[name] => Sothebys
[slug] => auctions-soth
[term_group] => 0
[term_taxonomy_id] => 123
[taxonomy] => category
[description] =>
[parent] => 122
[count] => 313
)
[36] => stdClass Object
(
[term_id] => 11
[name] => Technology
[slug] => tech
[term_group] => 0
[term_taxonomy_id] => 11
[taxonomy] => category
[description] =>
[parent] => 0
[count] => 0
)
[37] => stdClass Object
(
[term_id] => 9
[name] => Treasure News
[slug] => treasurenews
[term_group] => 0
[term_taxonomy_id] => 9
[taxonomy] => category
[description] =>
[parent] => 0
[count] => 0
)
[39] => stdClass Object
(
[term_id] => 38
[name] => US Copper Coins
[slug] => uscopper
[term_group] => 0
[term_taxonomy_id] => 38
[taxonomy] => category
[description] =>
[parent] => 35
[count] => 15
)
[40] => stdClass Object
(
[term_id] => 36
[name] => US Gold Coins
[slug] => usgold
[term_group] => 0
[term_taxonomy_id] => 36
[taxonomy] => category
[description] =>
[parent] => 35
[count] => 42
)
[41] => stdClass Object
(
[term_id] => 37
[name] => US Silver Coins
[slug] => ussilver
[term_group] => 0
[term_taxonomy_id] => 37
[taxonomy] => category
[description] =>
[parent] => 35
[count] => 20
)
[42] => stdClass Object
(
[term_id] => 10
[name] => W-E Treasures
[slug] => w-e-treasures
[term_group] => 0
[term_taxonomy_id] => 10
[taxonomy] => category
[description] =>
[parent] => 8
[count] => 1
)
[43] => stdClass Object
(
[term_id] => 39
[name] => World Coins
[slug] => worcoins
[term_group] => 0
[term_taxonomy_id] => 39
[taxonomy] => category
[description] =>
[parent] => 35
[count] => 66
)
)
POST QUERY:
POST QUERY RESULTS



