Message #2 From:
Stock News Bot Date: January 3, 2006 04:08:00 AM
SVXP News Sovereign Exploration Associates International announces board to be further strengthened by addition of noted Philadelphia attorney, John Barr Esq.
NEWTOWN, Penn.--(BUSINESS WIRE)--Jan. 3, 2006--Sovereign Exploration Associates International, Inc (OTC BB: SVXP) is pleased to announce the addition of John J. Barr to its Board of Directors. Mr. Barr further strengthens SVXP's pool of Directors to guide it into further expansion in 2006 and beyond.
John J. Barr is the managing and founding partner of Palmer & Barr, P.C., a regional law firm located in Willow Grove, Pennsylvania. Palmer & Barr, P.C. is an A.V. rated law firm (highest rated) specializing in civil litigation. Mr. Barr has extensive litigation experience and has been trying cases for over twenty (20) years. He was recently recognized by Philadelphia Magazine as a "Super Lawyer" awarded to less than five percent (5%) of practicing attorneys in the five (5) county Philadelphia region.
"John Barr's extensive corporate experience will provide SVXP with a Board Member who will complement his peers and provide a tremendous understanding of both financial and legal issues," said Robert Baca, CEO of SVXP.
Mr. Barr received his undergraduate degree in Accounting from LaSalle University and his Law Degree from Widener University.
Mr. Barr represents the fifth new member of the SVXP Board of Directors. SVXP intends to add a sixth Board Member over the next few weeks. Once the new Board is set, SVXP will establish a separate Board of Advisors composed of top industry experts. "The Advisory Board will provide SVXP management access to top level science, content development and commoditization resources," said Peter Knollenberg, Chairman of SVXP.
About Sovereign Exploration Associates International, Inc.
Sovereign Exploration Associates International, Inc. (OTCBB:SVXP) is a Business Development Company under the Investment Company Act of 1940 undertaking shipwreck exploration and recovery initiatives. Pursuant to Section 13 or 15(d) of the Security Exchange Act of 1934, SVXP has filed Form 8-K
The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the failure of the ships to contain cargo of historic, archeological or intrinsic value, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
