Legal Access Technologies, Inc. Announces Plan to Upgrade to 'Current Information...

* Reuters is not responsible for the content in this press release.

Mon May 18, 2009 11:26am EDT

Legal Access Technologies, Inc. Announces Plan to Upgrade to 'Current
Information Company' On the Pink Sheets

ATLANTA, May 18, 2009 (GLOBE NEWSWIRE) -- Legal Access Technologies, Inc. (Pink
Sheets:LGAL), d/b/a UnderSea Recovery Corporation, www.UNSR.com, announced today
that it is raising capital in a combination of debt and equity to be used in
part to engage its accountants to complete current financial statements which
will be made available to the investing public and to prepare other
informational documentation and filings required in order for the Company to
upgrade to a Pink Sheets Current Information Company. The Pink OTC Market
Guidelines for Providing Adequate Current Information, which the Company will
follow, are detailed at
http://www.pinksheets.com/content/doc/ps/Disclosure/Guidelines/2.pdf.  The
Company agrees fully with the assessment published by Pink Sheets on its web
site that "companies that provide disclosure see more investor participation,"
and is taking this action to increase brokerage coverage and investor
participation. According to the Pink Sheets web site, the average dollar trading
volume for Current Information Companies was more than twice that of Limited
Information Companies and almost 12 times that of No Information Companies
during the second quarter of last year.

The Company also announced plans to register its common stock later this year or
early next year with the Securities and Exchange Commission in order to list on
the OTC Bulletin Board.

In making this announcement, Herbert Leeming, CEO, commented: "We are taking
this action to increase the Company's exposure to both investors and market
makers and provide a high level of  liquidity and transparency for shareholders
and institutions and create enhanced credibility for our common stock."

Forward-Looking Statements Caution:

This release includes forward-looking statements, which are based on certain
assumptions and reflects management's current expectations. These
forward-looking statements are subject to a number of risks and uncertainties
that could cause actual results or events to differ materially from current
expectations. The Company disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise.

-0-
CONTACT:  Legal Access Technologies, Inc.
          Bobby Goldman
          212-628-8777
          bobby777@rcn.com

          UnderSea Recovery Corporation
          (404) 826-1164
          www.unsr.com
          P.O. Box 28961
          Atlanta, GA 30358
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.