posted
This one has had a pretty good run since last week. I've been watching it for a while. It's dipping now, it might be a good time to get in, if anyone is interested!
Posts: 784 | From: washington, DC | Registered: Aug 2004
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Ocean Resources Recovers First Metals from Mediterranean Wreck 11/9/2004 10:06:00 AM DALLAS, Nov 9, 2004 (BUSINESS WIRE) -- Ocean Resources, Inc. ( OCRI ) today announced the recovery of the first metal ingots from the wreck of a World War I merchant ship in the Mediterranean Sea. The first lifts of 100 lb. tin ingots were recovered from in and around a section of the hull.
The weather conditions on site are ideal and the recovery is continuing as scheduled. Ocean Resources' ROGE deep-sea recovery system is performing flawlessly, said the company.
Ocean Resources will issue news bulletins, pictures, and video detailing the progress of this recovery operation.
The wreck carries a manifested cargo of tin ingots and other metals currently valued at $2.5 million (at current spot market valuation).
Ocean Resources, Inc. is a marine salvage operator utilizing proprietary technology and sea recovery expertise to retrieve significant supplies of commodity metals from World Wars I and II merchant shipwrecks lying at previously unreachable depths. The company's ROGE (Remotely Operated Grab Excavator), a hydraulically operated multi-jaw grab, is among the world's most advanced deep sea excavating devices, capable of seizing up to three tons of material in a single grab and operating at depths of up to 16,000 feet, nearly double that of any competitive device. Ocean Resources' recovery operations are directed by Graham Jessup, an internationally accomplished deep sea salvage expert who participated in recoveries from the RMS Titanic, RMS Carpathia, S.S. John Barry and HMS Edinburgh. For further information, visit www.oceanri.com.
Posts: 784 | From: washington, DC | Registered: Aug 2004
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Talking Stocks with CEO Dennis McLaughlin of Ocean Resources, Inc. Featured on "Ask The CEO" Show Today 11/9/2004 10:43:39 AM - CEO Speaks of First Recovery From Operations over Mediterranean Wreck -
DALLAS, Nov 09, 2004 (PRIMEZONE via COMTEX) -- John Pentony, Publisher of TalkingStocks.com, announced the release of our Ocean Resources, Inc. ( OCRI ) "Ask The CEO" show for Tuesday, November 9, 2004.
In today's show, the President and CEO of Ocean Resources, Inc., Dennis McLaughlin, discusses today's news about the Mediterranean recovery. This is highly significant news, as it shows that the company has now successfully made its first recovery.
Ocean Resources, Inc. is a marine salvage operator utilizing proprietary technology and sea recovery expertise to retrieve significant supplies of commodity metals from World Wars I and II merchant shipwrecks lying at previously unreachable depths. The company's ROGE (Remotely Operated Grab Excavator), a hydraulically operated multi-jaw grab, is among the world's most advanced deep sea excavating devices, capable of seizing up to three tons of material in a single grab and operating at depths of up to 16,000 feet, nearly double that of any competitive device. Ocean Resources' recovery operations are directed by Graham Jessup, an internationally accomplished deep sea salvage expert who participated in recoveries from the RMS Titanic, RMS Carpathia, S.S. John Barry and HMS Edinburgh. For further information, visit www.oceanri.com.
About "Ask The CEO" from TalkingStocks.com
"Ask The CEO" lets investors and those interested in our featured company ask a question of a particular CEO. Each Tuesday we feature a company and invite voice mail, email and fax questions from investors. The show will feature as many of the questions as is possible, and is recorded just hours in advance of its live web feed on Tuesdays at 9:00 am Eastern time. To feature your company, please call John Pentony, our Publisher at (972) 731-8621 or email john@talkingstocks.com.
Posts: 784 | From: washington, DC | Registered: Aug 2004
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