Admiralty Holding (fka ADMH)

[nuketheshorts]

I'm on their email list. Here's a note I received that answers your question. It was followed by the press release.

Hi... 11-07-08 @ 6:53 pm EDT
LGAL just issued a press release today and it is the first one sent out since Herbert Leeming took back control of ADMH on 05-30-07.

Despite the horrendous melt-down of the economy both here and around the world, lots is starting to happen as relates to both LGAL (a/k/a UNSR) and ADMH and we expect to issue additional releases in coming weeks.

In the event you are a bit confused over the different companies in which our team is involved (ADMH, LGAL & UNSR), here's a short overview before you read the press release, which follows:

Admiralty Holding Company (ADMH ) - This is the company formed in the late 1980s, originally purchased as a shell. Management lost control in 2004 only to regain it on 05-30-07. This is a public company (pink sheets) and its CEO is Herbert Leeming. In-house counsel, Steven Cunningham (a securities specialist), has told us that once we complete the audits, we will be able to re-apply for re-listing on the Bulletin Board. The audit is, for the most part, now completed.

Legal Access Technology (LGAL ) - This is a public company we purchased as a shell several years ago and never changed its name though we still intend to rename it UnderSea Recovery Corporation (UNSR) when the proposed merger is completed with ADMH. This company reverted to the pink sheets during the summer of 2007, but once the audit is completed, it too will go back on the Bulletin Board. Herbert Leeming is also CEO of this company.

UnderSea Recovery Corporation (UNSR ) - This is the name of an entity we formed that is not public. It has a Website (http://unsr.com/), and it is going to be updated shortly. Actually, UNSR is operated as LGAL. Management personnel shown in UNSR Website are the same as those that have been working on all aspects of ADMH. A few individuals with whom we've been working with for many years (all who have considerable backgrounds in this field) are now part of our management team. The company's name and its call-letters (UNSR) will be given to the merged companies above (ADMH & LGAL) though we still do not have a time-frame when it will happen. However, the team is moving in that direction hopes to effectuate that merger sometime after the start of 2009. Herbert Leeming will continue on as the CEO after the merger.