Oceanic Research and Recovery Issues Statement Concerning Emerald Discovery

PEORIA, Ill., Sept. 7, 2011 /PRNewswire/ -- Oceanic Research and Recovery Inc. (PINKSHEETS: ORRV), a marine salvage and exploration company, today confirmed that it has been involved with a discovery of emeralds that was, until recently, the subject of litigation in the Court of Chancery of the State of Delaware courts.

Scott Heimdal, Chief Executive Officer of ORRV, was an Interested Party to the Delaware litigation and will continue to represent the interests of ORRV shareholders as this project proceeds.

Many aspects of this discovery are currently under development.  Additional information will be released to the public when details become available.

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.

For additional information or to facilitate interviews, please contact:

Terry L. Towery
ORRV Communications Director
309-696-4249
[email protected]

SOURCE Oceanic Research and Recovery Inc.