Oceanic Research and Recovery Engages New Law Firm

PEORIA, Ill., Oct. 27 /PRNewswire/ -- Oceanic Research and Recovery Inc. (Pink Sheets: ORRV), a marine salvage and exploration company, today announced that it has signed a letter of engagement with W. Scott Lawler, an SEC attorney based in San Diego, California.

"Though the release of corporate news has been fairly quiet recently, please be advised that the Company has been hard at work building a foundation for tremendous growth on several fronts. We are growing in new markets and have acquired strategic contracts and partnerships that we will be announcing to our shareholders over the coming weeks. We are pleased to have competent legal counsel on board. Mr. Lawler's knowledge and experience will be of enormous benefit in many keys areas of our upcoming activities," said Scott Heimdal, CEO of ORRV.

About Oceanic Research and Recovery Inc.

Oceanic Research and Recovery Inc. (OTC: ORRV) is engaged in the exploration of shipwrecks and has multiple shipwreck projects in various stages of development around the world.

For more information on ORRV please visit www.orrvweb.com.

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.

SOURCE Oceanic Research and Recovery Inc.