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dustybutler1

02/02/13 8:59 AM

#16179 RE: dustybutler1 #16178

Review the Corporation Management and Associated Professionals


Herbert C. Leeming, President, CEO, and Director

Herbert Leeming founded the Company (originally World Explorer Corporation) in 2005 and served as its President, Chairman, and CEO since its inception. He is also a co-founder of Admiralty Corporation (“Admiralty”), a Georgia corporation formed in 1988 to develop proprietary, non-ferrous metal detection technology to be incorporated into a specialized, remote-sensing detection device capable of locating and differentiating among precious metals buried in coral or under the ocean floor, to be used in historic shipwreck and recovery operations. Mr. Leeming served as President, CEO, and Chairman of Admiralty during the time it developed this technology (the ATLIS® technology). He is credited with maintaining the vision for UnderSea Recovery Corporation and has enormous experience in all facets of the historic shipwreck industry.

James W. Larsen, Chief Technology Officer and Vice President of R & D

James Larsen has been associated with the Company since its inception. He was previously a director as well as the Chief Technical Officer and Senior Vice President of Research and Development of Admiralty, and was associated with Admiralty since its inception. Mr. Larsen retired in 2008 from Georgia Institute of Technology where he had been employed since 1981 as Senior Research Scientist with the Underwater Research Programs Office. He holds a Master of Science in Physics, Master of Science in Electrical Engineering, and a Bachelor of Science in Applied Mathematics. Mr. Larsen's research experience covers a wide range of subjects, including projects involving salt-water environments and advanced remote sensing applications. He is the holder of several patents concerning unique sensors and systems, including 6 covering the ATLIS® technology licensed from Admiralty.

Bobby Goldman, Vice President - New Business Development

Bobby Goldman has been associated with the Company since its inception. He graduated from the University of Miami, Coral Gables, Florida and for the 34 years had been employed by Sonnenblick-Goldman, a 109 year-old commercial real estate brokerage firm specializing in high-end financing, sales and joint ventures. Since the 1970s, Sonnenblick-Goldman had completed well in excess of $80 billion in real estate transactions through its regional offices in the United States and is now owned by Cushman Wakefield.

Robert A. Fisak, Vice President - Operations

Robert Fisak previously worked with Admiralty on its permitting activities and operational planning. He founded and was president of a security consulting company providing business and legal support. Mr. Fisak also served as an officer in a telecommunications company and was employed by the Federal Government for 23 years. He held various research and operational positions in the Treasury Department and at the Board of Governors of the Federal Reserve System. Prior to his Federal service, he was an Officer in the U.S. Army, served two tours of duty in Vietnam, and completed other assignments in the United States and Europe. He graduated from the University of Maryland with a BA in Economics and continued his education with postgraduate studies at George Washington University.

Robert W. Schwab, III, Vice President - Historical Research & Project Evaluation and Analysis

Robert Schwab has been associated with the Company since its inception. He is a graduate of Williams College and the American Graduate School of International Management. An expert in international affairs, Mr. Schwab has engaged in a number of delicate international issues, primarily in Asia. He has participated in the recovery of the treasure wreck Atocha and in the expedition to find and excavate the Somers wreck. Prior to joining the Company, Mr. Schwab worked in similar capacities with Admiralty, was active in a marine search and recovery project in the State of Florida, and is engaged in ongoing treasure salvage research in the Philippines.


Archaeologists

Kenneth J. Vrana - Historic Shipwreck Management Specialist

Kenneth Vrana is a nationally recognized expert in the scientific research, strategic management, and sensitive development of historic shipwrecks for applications in heritage tourism. His unique academic training and broad professional experience in the fields of parks, recreation and tourism, and underwater archaeology spans 30 years of employment in government, academia, and private sector. During this time Mr. Vrana has logged nearly 1,000 operational and scientific dives dependent on the use of advanced undersea technologies. Special assignments have included project coordinator for the first civilian expedition to Edmund Fitzgerald in 1989, and consulting underwater archaeologist for Titanic Expedition 2004 and Carpathia Expedition 2007. He is author and/or editor of over 75 academic, technical, and popular articles dealing with historic shipwrecks, underwater archaeology, maritime heritage management, recreational scuba diving, coastal and heritage tourism, marine parks and protected areas, and heritage education. Prior to his affiliation with the Company, Mr. Vrana was president of Archaeology & Maritime Heritage International, LLC and the nonprofit, research and educational organization Center for Maritime & Underwater Resource Management (CMURM).


Attorneys

Steven A. Cunningham, In-House Corporate, Legal & Securities Specialist

Steven Cunningham has been associated with the Company since 2007. He is a co-founder of Admiralty where he previously served as an officer and a director. He has been a partner in several major Atlanta law firms and has recently served as Executive Vice President and General Counsel for a publicly traded real estate and mortgage banking company headquartered in Alpharetta, Georgia. Mr. Cunningham's areas of expertise encompass corporate finance and securities law, mergers and acquisitions, international law and licensing. He has represented numerous companies, many technology-based, in connection with public offerings and private placements of debt and equity securities and in merger and acquisition transactions. Additionally, Mr. Cunningham was a ten-year member, by appointment of the U. S. Secretary of Commerce of the Atlanta District Export Council. In this capacity, he assisted and advised U.S. companies in the export of goods and services, and helped draft marine exploration and excavation permit laws for the country of Belize, Central America. Mr. Cunningham graduated from the University of Alabama, summa cum laude, in 1974 and from Harvard Law School, cum laude, in 1977.

http://www.unsr.com/ecorpprof.htm

Watch for more additionals to this list soon.