InvestorsHub Logo
Followers 0
Posts 5922
Boards Moderated 4
Alias Born 09/04/2008

Re: None

Thursday, 05/07/2009 10:05:30 AM

Thursday, May 07, 2009 10:05:30 AM

Post# of 7611
ADMH Volume alert .001

LGAL is goin ADMH .0005 conected with them ATLANTA, Feb 19, 2009 (GlobeNewswire via COMTEX) -- Legal Access Technologies, Inc. (Pink Sheets:LGAL), d/b/a UnderSea Recovery Corporation ("Company"), www.UNSR.com, announced today that it has entered into an agreement with Admiralty Holding Company (Pink Sheets:ADMH) ("Admiralty"), whereby it has licensed from Admiralty in perpetuity the exclusive worldwide rights to use the ATLIS Technology, including the associated patent rights, in its historic shipwreck search and recovery operations. The Company plans to improve the basic ATLIS Technology and incorporate the enhanced technology in filed units to be used in operations this year. The license requires the Company to pay a 10% royalty to Admiralty from net profits generated from projects in which the ATLIS Technology is utilized.
The Company has identified potential projects worldwide and continues to review, update and supplement its project research, as well as continuing its development of its proprietary deep-water location and recovery technologies, including a 3-D high resolution sub-bottom imaging SONAR and a system of rapidly-reconfigurable polymorphic remotely operated devices.

Herbert Leeming, CEO of both companies, stated: "We believe that this exclusive license of the ATLIS Technology will enable the Company to become preeminent in the shallow water historic shipwreck recovery industry. Because we believe in the value of the ATLIS Technology, we have agreed to a royalty interest which our research indicates is more than twice the standard amount in comparable technology licensing arrangements. It is also worth noting that, in these difficult economic times, when most stock and commodity markets around the world have been decimated in value, gold and other precious metals and rare antiquities have more than held their own, a trend which we see as continuing and even accelerating in the coming months and years. This trend should serve both companies very well, given the nature of the business."

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=admh



Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.