Undersea Recovery Group Corp. (UNDR)
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Undersea Recovery Group Corp. Profile
| Specialty Retail Industry | Consumer Discretionary Sector | Herbert C. Leeming CEO | OTC PINK Exchange | 904346103 CUSIP |
| US Country | 1 Employees | - Last Dividend | 18 Nov 2004 Last Split | - IPO Date |
Overview
UnderSea Recovery Corporation specializes in the exploration, location, recovery, and sale of shipwrecks, artifacts, and various cultural resources and objects of historical and archaeological interest. The company focuses on shipwreck salvages from the 15th to 19th centuries across oceans and large lakes worldwide. It engages extensively in research and planning for salvage sites, collaborating with governments and professional consultants to identify potential projects. UnderSea Recovery Corporation, initially known as Legal Access Technologies, Inc., underwent a name change in July 2010, signaling a shift in its business focus. Based in Atlanta, Georgia, the company leverages advanced technology and forms capital to support its specialized operations in salvaging and preserving underwater cultural heritage.
Products and Services
- Shipwreck Recovery:
UnderSea Recovery Corporation undertakes the exploration, location, and recovery of shipwrecks and their artifacts. This involves detailed research, site planning, and the use of technology to excavate sites that span from the 15th to 19th centuries. Their operations cover a global scope, focusing on both oceans and large lakes.
- Sales and Public Exhibitions:
Following the recovery of shipwrecks and artifacts, the company engages in their sale and the organization of public exhibitions. These activities aim to share the historical and archaeological significance of the recovered items with the public, while also generating revenue from the sales and ticket entries.
- Sales of Intellectual Property Rights:
UnderSea Recovery Corporation monetizes its discoveries and operations through the sale of intellectual property rights. This includes the production and sale of documentaries, television specials, merchandise, books, and educational programs. These initiatives not only provide a source of revenue but also enhance public awareness and education regarding undersea recovery efforts and maritime history.
