Monday, August 08, 2005


Sound Revolution Signs Letter of Intent to Acquire Old Charter Salvage, Inc.


Big News Network
August 05, 2005

VANCOUVER - Sound Revolution, Inc. today announced it has signed a letter of intent to acquire Old Charter Salvage, Inc., a Florida-based firm that has developed proprietary technology to locate lost shipwrecks and recover buried valuables. Old Charter has an interest in permits to explore sites on San Salvador Island (in the Bahamas) and shipwreck sites in the Turks & Caicos Islands.

"We bring a full time research, development and archeological team to recover and preserve valuable artifacts from these shipwrecks" remarked Don Patterson, President of Old Charter, "and we are working closely with both the Bahamian and Turks & Caicos governments to ensure that both projects proceed efficiently and without delay."

Old Charter is dedicated to locating and excavating the world's lost treasures, bringing the past back to our future. Preservation of artifacts and treasures is its primary goal. Patterson noted that "securing an interest in the permits from the various governmental entities has been a laborious, time- consuming process, but we are now in a position to move forward with the excavations."

The letter of intent is subject to due diligence and satisfaction of certain conditions. If a definitive agreement is entered into, and the conditions are satisfied and regulatory approvals obtained, the acquisition will be completed as a merger transaction in which Old Charter shareholders will receive shares of Sound Revolution in exchange for their Old Charter stock. Upon completion of the merger, Sound Revolution will be renamed "Old Charter Salvage, Inc."


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