UnderSea Recovery Corporation

"Combining technology and archaeology to maximize value and preserve cultural heritage."

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UnderSea Recovery Corporation Executive Summary


Mission

       UnderSea Recovery Corporation’s mission is to become an international leader in the recovery of shipwrecks and other cultural resources from the world's oceans and large lakes by applying advanced technologies in an archaeologically and environmentally sensitive manner.


Company

       We are an Atlanta based public corporation that intends to engage in research and recovery operations for historic shipwrecks. In April, 2005 World Explorer Corporation, a private Georgia corporation (“WEC”) merged with a subsidiary of Legal Access Technologies, Inc., a public Nevada corporation (“LATI”) bringing the management team of WEC to LATI. After the merger, LATI began the process of changing its name to UnderSea Recovery Corporation, and LATI will use the name UnderSea Recovery Corporation as a DBA until the name change is completed. LATI’s stock is quoted on the OTC Bulletin Board as LGAL.OB.


Industry

       Currently the industry is very dependent on advances in technology, especially for deep-water recovery operations 300 feet deep and greater. One way UnderSea Recovery Corporation expects to differentiate itself is through proprietary technology such as the 3-D High Resolution Sub-Bottom Imaging SONAR that is currently being developed, as well as Rapidly-Reconfigurable Polymorphic Remotely Operated Devices (RR-PRODs).

       We expect these innovative developments will allow the company to save money and time and enable the recovery of previously unreachable items. The Sub-Bottom Imaging SONAR is expected to save resources since the field team will not have to use manned submersibles to examine surface features or to conduct sub-bottom surveys in waters where visibility is limited to a range such that underwater light based cameras cannot be used. This catadioptric acoustic imaging system is also expected to overcome both the bandwidth limitations and the two dimensional limits of the standard systems, allowing for a larger search area in less time with better resolution.

       The RR-PRODs are expected to greatly improve the flexibility of salvage equipment and save reconfiguration time. It is expected to not only allow for rapid optimization of the salvage equipment without having to return to port for equipment changes, but also allow for novel on-the-spot configurations to be adapted to the field conditions of any particular site.


Positioning Strategy

       We intend to focus on deep-water marine exploration for a number of reasons:

       1. Deep shipwrecks have more than likely not been previously salvaged.

       2. Frequently these sites are in international waters, and it is easier to secure title.

       3. Deep shipwrecks are not scattered across the ocean floor like shallow water sites subjected to storms, tides etc., so they are in a more concise area and easier to survey.


Operational Plan

       We have identified a number of shipwrecks, in Europe, Central America, South America, and Southeast Asia, as potential sites for our operations. We are currently implementing additional historical research and negotiating government permits for these projects.

       Generally, we intend to search for and recover cargoes with a minimum estimated value of $50 million each. Even for ships lost as early as the 1500's, full cargo manifests were drawn up in (at least) duplicate and sent to separate cities for storage. At least one copy of most survives and, if not already found and documented, can be located by specialized researchers in various European archives.

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