Oceanic Research & Recovery, Inc. (OTCPK:ORRV) entered into a letter of intent to acquire Nationwide Tech Service Inc. on April 11, 2017. Post acquisition, Nationwide Tech Service would become wholly owned subsidiary of Oceanic Research & Recovery. The transaction is subject to customary closing conditions, including the execution of a definitive purchase agreement. Jack Barcroft will remain as President & Chief Executive Officer of the subsidiary Nationwide Tech Services and will be named to the Board of Directors of McCusker Holdings Corp.