News
MARINE EXPLORATION, INC. – MEXP ADDS TWO MORE TARGETS TO ITS SURVEY FOR TARGETED SUNKEN VESSELS WITH POSSIBLE ADDITIONAL VALUES IN EXCESS OF 200 MILLION DOLLARS
MIAMI, FL--(MARKET WIRE)--Jun 27, 2008 --Marine Exploration, Inc., trading on the Pink Sheets under stock symbol MEXP, has engaged further research in association with its Joint Venture Partner, Burt Webber’s Hispaniola Ventures, LLC, and has identified two more sunken targets in its already permitted survey area. These targets fall within the currently issued Dominican Republic Exclusive Contract. The treasure and artifacts aboard each vessel has a potential value of $100,000,000 each. The initial survey, set to begin in July, will now include the identification and salvage of these additional vessels.
“We are excited to gain additional salvage targets in our preliminary survey. With this data, we increase our chances of fulfilling our mission statement: to investigate, locate and recover valuable treasure from historic shipwrecks throughout the world,” states Marine Exploration, Inc. President, Miguel Thomas Gonzalez.
About Marine Exploration, Inc.
Marine Exploration, Inc. is currently pursuing two primary projects north of the Dominican Republic for which an exclusive state of the art host country treasure-salvage contract is in place. Long term, the Company will explore up to fourteen more wrecks under the Dominican Contract and has plans in place to pursue additional multiple notable shipwrecks worldwide.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Investor Relations:
Cindy Baca
Marine Exploration, Inc.
720-381-1044
info@mexp.biz
Media Inquires:
Jerry Jennings
Emerson Gerard Associates
561-881-7318
mediareply@emersongerard.com
MARINE EXPLORATION, INC.– MEXP DETAILS ITS JOINT VENTURE PARTNER’S SUCCESSFUL FIELD TESTING OPERATIONS IN IMMEDIATE PREPARATION FOR ITS SURVEY IN SEARCH OF OVER $100,000,000 IN SUNKEN TREASURE
MIAMI, FL--(MARKET WIRE)--Jun 23, 2008 -- Marine Exploration Inc, trading on the Pink Sheets under stock symbol MEXP, is pleased to report that Burt D. Webber, Jr., at the helm of its Joint Venture Partner, Hispaniola Ventures, LLC has successfully completed field testing operations in immediate preparation for its survey for targeted sunken vessels. Operating on the well know 1733 Capitana wreck site off the Florida Keys, Webber and his team tested and calibrated their one of a kind Geometrics diver-operated cesium magnetometers and state of the art Geometrics vessel towed cesium magnetometer over a two day exercise. Taking to the water to run his Operational Director through training, Mr. Webber expressed “It was a thrill to put the new equipment through its paces and train my team for the serious work ahead.” The exercise served to ensure the proper operational functionality of this equipment, designed to Webber’s specifications, ahead of the maiden voyage of the Ocean Lady. About Marine Exploration, Inc. Marine Exploration, Inc. is currently pursuing two primary projects north of the Dominican Republic for which an exclusive state of the art host country treasure-salvage contract is in place. Long term, the Company will explore up to fourteen more wrecks under the Dominican Contract and has plans in place to pursue additional multiple notable shipwrecks worldwide. This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. Investor Relations: Cindy Baca Marine Exploration, Inc. 720-381-1044 info@mexp.biz Media Inquires: Jerry Jennings Emerson Gerard Associates 561-881-7318 mediareply@emersongerard.com
Marine Exploration, Inc. site undergoes media segment update; features TV News coverage of Company funded pirate treasure hunt
DENVER, CO--(Marketwire - May 21, 2008) - Marine Exploration, Inc., trading on the Pink Sheets under stock symbol MEXP, announces the media segment of the Company website has undergone an important update. The latest TV News clips from CBS, ABC, and FOX reporting on the Company funded pirate treasure hunt have been uploaded for viewing along with other major media coverage.
“We expect the TV News clips to draw more attention to Marine Exploration; this is essential information for investors interested in taking a position in MEXP. All of the ABC, CBS, and FOX coverage along with photos of our JV partner’s previous treasure find is really quite impressive. As more media exposure rolls out nationwide, we will make it available to the financial community. These innovative pages hold a plethora of information to help the investor make a very informed decision,” states Miguel Thomas Gonzalez, President of Marine Exploration, Inc.
Marine Exploration, Inc. is preparing the Ocean Lady to search the scene of numerous treasure galleon and pirate shipwrecks off the Silver Bank of the Dominican Republic. The first class 128-foot Ocean Lady berthed on the Miami River is a Joint Venture between Marine Exploration, Inc., and renowned treasure hunter Burt Webber’s Hispaniola Ventures, LLC. The Ocean Lady is bedecked with high-tech devices including a state of the art operations center designed to Webber’s exact specifications.
The divers plan to carry hand-held cesium magnetometers designed by Webber to detect specific underwater magnetic fields, while diving from one of two 17-foot military-type inflatable reef boats equipped with radios, GPS, Raymarine Navtrak and depth recorders.
Unique jet propulsion boots will propel the divers searching reefs for valuable cargoes of jewels and priceless artifacts in areas where the Ocean Lady cannot safely navigate.
Marine Exploration featured in International News Releases
As a result of increased domestic media coverage, Marine Exploration Inc has generated an increase of interest from international news agencies including:
Dominican Today – March 25, 2008
El Nuevo Diario – Santo Domingo - March 24, 2008
Metro International –Madrid - March 24, 2008
Canarias – Canary Islands - March 24, 2008
Terra Networks – Barcelona – March 24, 2008
Yahoo – Spanish Language News – March 24, 2008
Dominican Today – March 24, 2008
For a link to translate these pages, click here.
About Marine Exploration, Inc.
Marine Exploration, Inc. is currently pursuing two primary projects north of the Dominican Republic for which an exclusive state of the art host country treasure-salvage contract is in place. Long term, the Company will explore up to fourteen more wrecks under the Dominican Contract and has plans in place to pursue additional multiple notable shipwrecks worldwide.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact:
Jerry Jennings
Emerson Gerard Associates
561-881-7318
mediareply@emersongerard.com
In Quest of Treasure
In Quest of Treasure
By John Christopher Fine
Special to The Epoch Times
Apr 14, 2008
Ocean Lady rolled easily with light swells created by passing traffic in the Miami River as it was being
fitted out at the Jones Boatyard.
The former University of Delaware research vessel had crisp lines and new yellow and green paint. The crew was making final preparations to leave after months of planning and installation of customized treasure-detecting equipment.
The vessel was loaded with electronics and search gear. It would leave on a journey of discovery and
adventure — next port of call Puerto Plata in the Dominican Republic.
"Our first objective is to find a mystery ship on the Navidad Bank," said veteran treasure hunter Burt
Webber.
"There was testimony in 1688 that a galleon was seen there. Captain Swinsteed and his men on an English ship said they could look down and see cannons and what appeared to be silver bars but they were not equipped to recover anything. That will be our first survey.
"Then we'll head for the South Reef of the Silver Banks. We produced an air mosaic of the area. We'll
search for an English corsair. Victims of the wreck of the Spanish galleon Concepcion reported they had been attacked by pirates in their boat en route to safety on Hispaniola after Concepcion wrecked. The pirates stole their valuables and stripped them of their clothes. The survivors told the pirates, under threat of torture, about piles of gold and treasure that had been placed on top of coral heads, left behind when Conception sank," Webber explained.
"In the process, we'll find many wrecks we don't know about," this pioneer ocean explorer and diver added.
Burt Webber and his organization, Hispaniola Ventures LLC, are exclusive contractors with the government of the Dominican Republic, Ministry of Culture, to search and salvage in waters where shipwrecks might have occurred.
Webber lives with his family in the city of Miami, Florida. His son Eric will accompany him on the voyage as one of the divers. Steve Streeter, another diver, grew up with Burt's sons in Pennsylvania. With only six divers on the expedition, living in close quarters, teamwork is necessary and requires a close-knit family group that will be compatible even when working under difficult conditions. Putting underwater exploration teams together is not new to Burt Webber.
He gained fame as the man who followed in the footsteps of William Phips. Phips, in 1687, found the
remains of the Spanish galleon Nuestra Senora de la Pura y Limpia Concepcion, which sank on the
Ambrosia or Silver Banks in 1641, with a fortune in treasure aboard.
In 1978, after months of searching with high-tech location equipment, much of which he designed and
innovated, Webber and his team of divers found the Concepcion. The wreckage lay in an underwater
grave, between and under coral heads that loomed large and massive—obstructions to navigation that
broke the surface at low tide or were just two or three feet underwater.
Any ship caught in that area would have wrecked and been stove in by the masses of shallow coral. The Webber discovery made worldwide news. In one underwater cave alone, the divers recovered 50,000 silver Spanish coins. The total take of coins recovered from Concepcion by the Webber team was 60,000. They also found gold chains and artifacts.
All of the artifacts were given to the government of the Dominican Republic as part of their cultural
heritage. Webber was proclaimed a national hero.
"The artifacts were not for sale. In the long run, that was beneficial. There is always a debate between
private sector exploration of shipwrecks versus academia. If all this stuff disappears into private hands, it is not beneficial to the public interest. There is no opportunity to study it and view it. In the case of the
Concepcion, what I recovered became part of the National Patrimony of the country and was retained by the national museum," Webber said of his former discoveries.
Burt Webber is a meticulous person and insists that all details are worked out before a voyage begins.
Lessons he's learned from many projects, including competing with Mel Fisher in the search for the
galleons Atocha and Margarita, his quest for the legendary shipwreck Maravilla in the Bahamas, and his successful galleon hunt for Concepcion in the Silver Banks convinced him that success is only reached with careful planning and preparation.
"This is the vessel," Burt said. He was standing in the operations room, the nerve center for his search
operation. Fragile equipment was stored in specially designed cabinets, and delicate electronics were
protected by padding in the event of high seas. "When it came down from Virginia, we put all this in. This is the control panel. One of a kind. The only one that exists," Burt said.
He removed a housing and Geometrics cesium magnetometer from a shelf. "It has a cesium isotope 133 optical pumping cell. This one component costs $18,000. With the housing, cesium magnetometer, and generator board, the unit costs $32,000. This is totally my design. It is diver operated, no cables. The cesium goes into the receiver tube that separates it from the diver. The housing is based on my design. The generator board considers the total intensity of the Earth's magnetic field and the diver reads anomalies from the panel and also receives an audio signal in headsets," Webber explained.
He was putting the cesium cell into the receiver with Greg Erkes, who is his project manager, and diver
Steve Streeter.
Greg Erkes was first mate on Ocean Lady before he joined Webber as project manager. The former
paramedic and Special Forces soldier hails from Coral Springs, Florida. He has qualified for a 200 ton
captain's license and holds a 100 ton master's license. Erkes spent eight years working on small, luxury cruise ships.
"Ocean Lady is 128 feet long, has a 23-foot beam, is 198 tons. The ship can carry 9,650 gallons of fuel and produces 2,900 gallons of water a day in water makers. It is an all-aluminum vessel," Erkes explained.
The ship, under the command of Shannon Wilkins of Reedville, Virginia, has a full medical emergency
dispensary. "We have satellite communications and can be in contact with doctors twenty-four hours. We have emergency defibrillators aboard and a pharmacy. I can administer antibiotics and morphine under a doctor's orders if necessary," Erkes explained.
The operation taking shape in a rough-and-tumble boatyard in Miami, already 40 days against the quay, will take advantage of state-of-the-art modern technology guided by a man with a lifetime of diving and treasure hunting experience. Modifications had to be innovated everywhere. A large cargo hold had to be created in the stern to accommodate the hoses, dive equipment, and gear storage.
Two large, inflatable 17-foot boats powered by 50 hp Mercury engines were on the stern. They were not just any inflatable runabouts; these were military-quality work boats with Raymarine Navtrak, GPS, radios, depth recorders, and even a support platform so that magnetometers could be operated from the inflatables. This is necessary because coral formations in the Silver Banks where the team will be working make it impossible for Ocean Lady to maneuver safely among them.
"We can do our surface surveys right from these inflatable boats," Webber said. Everything was new. A compressor equipped to fill mixed-gas Nitrox breathing cylinders, 24 new dive tanks, even little propellers that strap to divers' legs so they don't have to swim underwater on long surveys, were on board.
A 185-cubic-foot per minute, 100 psi (pounds per square inch) diesel Ingersol Rand compressor would be the last piece of equipment mounted forward. The compressor will provide air to pipes underwater that act like vacuum cleaners to remove debris from the site by divers working below.
"We're looking for that proverbial needle in a haystack," Webber smiled. He was already planning what he needed to discuss with his team in the air-conditioned control room in a few minutes. "When you look at the vast area of the South Bank, the analogy fits—but then look at our tools. We have the equipment to find the needle," he said.
Luck always plays a role in treasure operations at sea. Even a shipwreck is a small target in a large ocean area. After more than three centuries underwater, coral and marine life will have disguised a ship's remains and storms and hurricanes will have scattered them.
It was with skill, technology, and dogged persistence that Burt Webber found the remains of the
Concepcion and brought up treasure William Phips left behind. It will be with the same dedication that the new team leaves aboard Ocean Lady for the Silver Banks. The area got its name for legendary Spanish galleons that met their doom and spilled their treasure upon the treacherous reefs. With advanced technology and luck, Burt Webber and his team will again be successful and discover treasure beneath the sea.
Dr. John Christopher Fine is the author of 24 books, many about the discovery of shipwrecks and treasure galleons. He is a marine biologist and expert in maritime affairs whose research and studies around the world have called attention to ocean issues.
Treasure hunter to set out from Miami, seeking $100 million in gold
March 19, 2008
Treasure hunter to set out from Miami, seeking $100 million in gold
By Mike Clary | South Florida Sun-Sentinel
March 19, 2008
Miami - The treasure is out there: a fortune in shipwrecked silver, gold bullion and centuries-old artifacts, in the crystalline waters of the Caribbean, just waiting to be found.
And Burt Webber Jr. is confident he'll find it.
"It's not just about getting rich," said Webber, referring to at least $100 million in riches that went to the bottom after the Spanish galleon Concepción foundered on the Silver Bank, about 80 miles north of the Dominican Republic, in 1641. "It is also history, the mystique of it all. It is just fascinating."
Photos: Treasure hunter searches for Concepcion gold Photos
Now 65, Webber won renown as a treasure hunter in 1978 when he first located the Concepción and recovered booty then valued at $14 million. But more remains, and when Webber and his 13-member crew head down the Miami River aboard the Ocean Lady next week, they will take with them an unprecedented array of high-tech hunting gear.
Webber, who learned to dive in stone quarries of his native Pennsylvania, custom-designed some of the equipment aboard the chartered 128-foot Ocean Lady: battery-powered jet boots for the divers, and super-sensitive, hand-held metal detectors capable of locating cannons or anchors hidden beneath ranges of coral, for example.
As an expedition leader, Webber is driven and encyclopedic in his knowledge of shipwrecks and maritime history. Through literature and lore, he caught the fever of sunken treasure at an early age, and he recounts the history of shipwrecks with boyish excitement.
Nuestra Señora de la Concepción left Havana at the peak of hurricane season in 1641 laden with gold bullion, pieces of eight, silk, even Chinese Ming Dynasty porcelain. After running aground, the crew piled treasure on the reef, and from there it was picked up by an English pirate ship.
Overloaded, that vessel is thought to have hit another reef 14 miles south of the original wreck site, again spilling the cargo to the sea.
"It is one of the richest wrecks in the history of sunken treasure," Webber said.
Indeed, Webber is not the first to salvage the wreck of the Concepción. In 1687, American seaman William Phips hauled 32 tons of silver from the watery trove and gave a fifth of his find to King James II of England. In appreciation, the king knighted Phips and named him governor of the Massachusetts Bay Colony.
If Webber does find more of the treasure, he and his crew will rely on six assault rifles, two 12-gauge shotguns and a 50-caliber sniper rifle to make sure no would-be pirates take it away.
"There would be no excuse for being out there on a project like this, given what we're looking for, and then get caught with our pants down," said Webber of the weapons. "It's an insurance policy."
In charge of the arsenal is Coral Springs resident Greg Erkes, 39, a diver and Army veteran.
"I've been on search and recovery operations before," said Erkes, "but nothing like this."
Webber said he has an agreement with the Dominican Republic that gives him exclusive rights to search a 25-square-mile portion of the Silver Bank in return for a 50-50 split with the government. He had a similar deal during his search 30 years ago.
To finance the operation, Webber has partnered with a pair of Denver-based venture capitalists, Robert Stevens and Paul Enright, who set up a publicly traded company to raise up to $2.4 million. Stock in Marine Explorations Inc. (MEXP) was selling for 10 cents a share on Monday. "This is a high-risk venture, of course, but with good potential," said Stevens, who with Enright last week paid a visit to the Ocean Lady, at Jones Boat Yard, to meet Webber in person for the first time "And it sure is a lot sexier than investing in a gold mine."
Staff Researcher Barbara Hijek contributed to this report.
Mike Clary can be reached at mwclary@sun-sentinel.com or 305-810-5007.
concepcion-coins
Marine Exploration, Inc. Announces Filing Form 211 to be Moved from Pink Sheets to OTCBB
Denver CO - March 26, 2008 - Marine Exploration, Inc., trading on the Pink Sheets under stock symbol MEXP, announces that it has made application in accordance with the Financial Industry Regulatory Authority (FINRA) requirements to move from trading on the Pink Sheets to trading the Over the Counter Bulletin Board (OTCBB).
Marine Exploration, Inc. is currently pursuing two primary treasure-salvage projects north of the Dominican Republic for which an exclusive state of the art host country contract is in place. Long term, Marine Exploration, Inc. will explore several wrecks under the Dominican contract with plans in place to pursue additional multiple notable shipwrecks worldwide.
This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934 as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results.
Contact:
Jerry Jennings
Emerson Gerard Associates
561-881-7318
mediareply@emersongerard.com
Denver CO--March 26, 2008 – In the hunt for pirate treasure, Denver’s Marine Exploration, Inc. attracts major media attention
Denver-based Marine Exploration, Inc., trading on the Pink Sheets under stock symbol MEXP, is making ready the Ocean Lady in Miami FL to search the scene of numerous treasure galleon and pirate shipwrecks off the Silver Bank of the Dominican Republic. The ship has been visited by CBS TV Miami, CBS TV West Palm Beach, and ABC TV Miami. Interviews have aired on WBGG/WKGR radio with a feature story appearing in the South Florida Sun Sentinel. The Spanish language wire service, EFE, ran an article yesterday; the story was picked up in Spain, Peru, Dominican Republic, and the Canary Islands. Additional interviews pending include two major worldwide news services as TV stations inquire about crew members from their locales.
The first class 128-foot Ocean Lady berthed on the Miami River is a Joint Venture between Marine Exploration, Inc., and renowned treasure hunter Burt Webber’s Hispaniola Ventures, LLC. The Ocean Lady is bedecked with high-tech devices including the state of the art operations center designed to Webber’s exact specifications. The divers will use unique jet propulsion boots mounted on their legs underwater as they hold one-of-a-kind cesium magnetometers searching for valuable cargoes of jewels and priceless artifacts.
Marine Exploration, Inc. is currently pursuing two primary projects north of the Dominican Republic for which an exclusive state of the art host country treasure-salvage contract is in place. Long term, the Company will explore up to fourteen more wrecks under the Dominican Contract and has plans in place to pursue additional multiple notable shipwrecks worldwide.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact:
Jerry Jennings
Emerson Gerard Associates
561-881-7318
mediareply@emersongerard.com
Miami FL – March 20, 2008 - Marine Exploration, Inc. announces that Sun-Sentinel confirms unprecedented array of high tech gear onboard pirate treasure hunting ship
Marine Exploration, Inc., trading on the Pink Sheets under stock symbol MEXP, announces the Sun-Sentinel newspaper in South Florida sent a reporter and photographer to the Ocean Lady to report about Burt Webber and the Company’s pirate treasure hunting ship. The penetrating article published on Wednesday confirmed an unprecedented array of high-tech treasure hunting gear onboard the first class 128-foot Ocean Lady berthed on the Miami River.
The Ocean Lady, being readied by Joint Venture partners Marine Exploration, Inc. and Burt Webber's Hispaniola Ventures, LLC, will soon set out to search the scene of treasure galleon shipwrecks off the Silver Bank of the Dominican Republic. Noted in the Sun Sentinel article was Webber's unique agreement with the Dominican Republic: an exclusive state-of-the-art host country treasure-salvage contract for search rights in an area thought to be a graveyard for numerous ships. Long term, the Company will explore several wrecks under the Dominican Contract and has plans in place to pursue additional multiple notable shipwrecks worldwide.
The Sun Sentinel article can be viewed at http://www.sun-sentinel.com/news/local/broward/sfl-flbtreasure0319sbmar19,0,1423734.story
In other news, Webber is scheduled to be interviewed by Paul and Young Ron this Friday at 9:20AM. The show can be heard on WBGG Big 106 (105.9FM) in West Palm Beach, Ft. Lauderdale, Miami and the Florida Keys.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward- looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward- looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact:
Jerry Jennings
Emerson Gerard Associates
561-881-7318
mediareply@emersongerard.com
MIAMI, FL--March 18, 2008 - Marine Exploration, Inc. and Burt Webber host CBS TV News crew aboard their treasure hunting ship; Ocean Lady story aired on Friday
Marine Exploration, Inc., trading on the Pink Sheets under stock symbol MEXP, announces CBS TV in Miami sent a news crew to the Ocean Lady to shoot a story about Burt Webber and their treasure hunting ship. In the exciting story that aired on Friday, CBS reported about the first class 128-foot Ocean Lady, berthed on the Miami River, and how it is bedecked with high-tech devices including the state of the art operations center designed to Webber’s exact specifications. The CBS camera crew showed how the divers will use unique jet propulsion boots mounted on their legs underwater as they hold one-of-a-kind cesium magnetometers searching for valuable cargoes of jewels and priceless artifacts.
The Ocean Lady is being readied by Marine Exploration, Inc., and Burt Webber’s Hispaniola Ventures, LLC as part of a Joint Venture agreement. The ship will soon set out to search the scene of numerous treasure galleon shipwrecks off the Silver Bank of the Dominican Republic.
CBS TV News aired the piece last Friday. It can be viewed at http://cbs4.com/local/pirates.caribbean.jewels.2.677440.html
Marine Exploration, Inc. is currently pursuing two primary projects north of the Dominican Republic for which an exclusive state of the art host country treasure-salvage contract is in place. Long term, the Company will explore several wrecks under the Dominican Contract and has plans in place to pursue additional multiple notable shipwrecks worldwide.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact:
Jerry Jennings
Emerson Gerard Associates
561-881-7318
mediareply@emersongerard.com
MARINE EXPLORATION INC. DETAILS COMPLIANCE WITH DOMINICAN REPUBLIC CONTRACT REQUIREMENTS
MIAMI, FL--(Marketwire – March 6, 2008) Marine Exploration Inc., trading on the Pink Sheets under stock symbol MEXP, is pleased to report that it is current with all contract service fee requirements as outlined in its JV Partner’s contract with the Dominican Republic. By complying with the modest service fee payments of $3,000.00 USD each month to the Dominican Republic, MEXP expects to remain in good standing. If sunken treasure is located, the Dominican Republic has committed to using Dominican Navy craft to protect the Ocean Lady survey and salvage vessel should it become necessary. Miguel Thomas Gonzalez, President of MEXP states, “The preservation of our JV partner’s relationship with the Dominican government is of the utmost importance. As a benefit to our shareholders, these actions ensure protection of any and all treasure that might be found safeguarding it from pirates and other potential non-bona fide claimants.”
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.
Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact:
Jerry Jennings
Emerson Gerard Associates
561-881-7318
mediareply@emersongerard.com
MIAMI, FL--(Marketwire – March 3, 2008) - MARINE EXPLORATION INC. (MEXP) HAS PURCHASED TWO SPECIALIZED WORK BOATS FOR SURVEY IN THE SOUTH ATLANTIC
Marine Exploration Inc., trading on the Pink Sheets under stock symbol MEXP, has purchased two state of the art Avon Work boats for use in its Dominican Republic expeditions. The work boats meet the special specifications of Joint Venture Partner, Hispaniola Ventures’ Burt D. Webber, Jr. To expedite the surveys, the plan is to use the 7 ton crane to launch the boats from the main exploration vessel then employ the one-of-a-kind Magnetometers from the work boats sending data back to Mr. Webber on the main vessel. Webber states, “The 21st century technology that we are now able to utilize is intended to cut down on survey time. We expect incredible accuracy from the technology onboard.”
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.
Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact:
Jerry Jennings
Emerson Gerard Associates
561-881-7318
mediareply@emersongerard.com
MIAMI, FL--(Marketwire - February 29, 2008) - Marine Exploration, Inc. (MEXP) Details Its Joint Venture Partner's State of the Art Contracting and Use of Specially Commissioned Aerial Mosaics in Its Survey for Targeted Treasure Bearing Sunken Vessels
Marine Exploration Inc., trading on the Pink Sheets under stock symbol MEXP (PINKSHEETS: MEXP), is pleased to report that its Joint Venture Partner, Hispaniola Ventures, LLC, contracted directly with Spectrum in Florida to produce and deliver a state of the art aerial mosaic of the reefs where research indicates an English Corsair and its treasure is believed to lie. The mosaics, developed from precision GPS navigation controlled aerial photography in high resolution color, will allow Burt Webber and his team of marine explorers to carry out their magnetometer surveys with the highest degree of accuracy.
To the best of our knowledge, this is the first time an aerial mosaic of this area has ever been produced and it is just one example of the highest in twenty-first century technical protocols that MEXP, through its joint venture partner, has engaged to ensure its investors superior advantage. This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.
Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact:
Jerry Jennings
Emerson Gerard Associates
561-881-7318
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February 13, 2008 - MARINE EXPLORATION, INC. – (OTC) MEXP AND WORLD RENOWNED TREASURE HUNTER BURT D. WEBBER, Jr. OFFICIALLY ANNOUNCE THEIR LONG-TERM RELATIONSHIP
Marine Exploration Inc, trading on the Pink Sheets under stock symbol MEXP, is pleased to announce that their recently referenced Joint Venture Agreement has been entered into with Burt D. Webber, Jr. one of the most renowned and successful Caribbean Sea explorers. In his four-decade spanning career Mr. Webber has set the standard for exploration and treasure ship salvage. Discovering the legendary Spanish Galleon “Nuestra Senora de la Concepcion” that sank in 1641 off of the Dominican Republic, he was the first to see the remains of the treasure galleon in more than three centuries. The treasure salvaged had a value of $14,000,000USD (conservatively estimated at today’s dollars: $80,000,000.00, noting that the Concepcion was previously discovered and salvaged in 1687). Webber’s expedition produced a tremendous yield of over 60,000 silver coins, bullion, gold chains and priceless artifacts, most of which are permanently exhibited in the national museums in Santo Domingo, Dominican Republic. Besides the “Concepcion” discovery, 13 other shipwrecks were found and their locations plotted out on the Silver Bank, as were 3 early 16th Century caravel “impact” sites discovered by Webber three years later off of Isla Saona and Catalinita Reef in the approaches of the Mona Passage. Beyond the obvious thrill and achievement of discovery, Webber’s search and recovery operations revolutionized historic shipwreck exploration and salvage. He has introduced sophisticated new underwater magnetometer systems and housings, and gained a reputation as a meticulous researcher and is credited for brining shipwreck exploration and salvage to a high new state-of-the-art. Details of the scope of the new venture with Burt Webber will be released shortly.
MEXP is currently pursuing two primary projects north of the Dominican Republic for which an exclusive state of the art host country treasure-salvage contract is in place. Long Term, MEXP will explore up to fourteen more wrecks under the Dominican Contract and the Company has plans in place to pursue additional multiple notable shipwrecks, worldwide.
February 12, 2008 - MARINE EXPLORATION INC (OTC: MEXP) COMMENCES OPERATIONS WITH AN APPROVED TREASURE SALVAGE CONTRACT
Marine Exploration Inc , trading on the Pink Sheets under stock symbol MEXP, brings together world renowned, successful explorers, researchers and skilled divers to locate and salvage treasure ships in the Caribbean Sea and the North Atlantic Ocean. By using years of research and the latest high tech equipment, designed and licensed to MEXP specifically for each mission under exclusive development contracts, Marine Exploration Inc is setting the new standard for bonafide research-based treasure exploration and salvage in its mission to recover gold, silver, gems, Ming Dynasty china and one-of-a-kind valuables.
MEXP is currently pursuing two primary projects north of the Dominican Republic for which an exclusive state of the art host country treasure-salvage contract is in place. Long Term, MEXP will explore up to fourteen more wrecks under the Dominican Contract and the Company has plans in place to pursue additional multiple notable shipwrecks, worldwide.
Miami, Fl - October 29, 2007 - Marine Exploration Ventures Employs State-of-the-Art Contract to Insulate Against Foreign Interference
(MARKETWIRE) Marine Exploration, Inc. (MEXP), stock symbol MEXP, through its joint-venture partner, Hispaniola Ventures, LLC, now has the benefit of innovative host country legal contracts; they will be used to protect all marine exploration projects.
Through its joint venture and the use of industry-standard setting contracts, MEXP sets the standard for protecting its investments.
Unlike other marine exploration companies that have faced recent challenges and seizures, MEXP’s partner, Hispaniola Ventures, LLC has applied strict, contractual methodology to protect its investments. Contracts will ensure that the host country’s government will prevent unauthorized persons from interfering with Hispaniola Venture’s search and salvage operations in contracted area(s).
This proprietary protection is granted exclusively to Hispaniola Ventures, and, by contract, the host government represents and warrants that it has good title to all shipwrecks within their territorial and/or jurisdictional waters.
Contracts protect shipwreck efforts from being impeded, impaired, or prevented. If salvage efforts in the territorial and/or jurisdictional waters of the host country are impeded or prevented in anyway due to a dispute by an international body, or country of origin of a salvageable ship, then the host country’s government, at its expense, is solely responsible for resisting such claims. In varying jurisdictions, contracts may provide that the host country promptly reimburse Hispaniola Ventures for any and all of its losses.
Losses include actual cost of every kind as incurred and described in the organization, mobilization, exploration and salvage effort. This is in addition to the appraised value of any salvaged items Hispaniola Ventures may be required to return to the government or to the foreign power that has raised the claim.
Currently, along with joint-venture partner, renowned treasure explorer and salvager Burt Webber, (http://www.time.com/time/magazine/article/0,9171,920007-1,00.html), Hispaniola Ventures holds exclusive permits with the government of the Dominican Republic to conduct search and recovery operations on the Silver Bank and Navidad Bank.
MEXP is currently pursuing two primary projects in the Caribbean Sea with over $500,000,000.00 in potential treasure-salvage contracts. Long Term, MEXP has plans to pursue multiple notable shipwrecks, worldwide.
This press release contains statements, which may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.
Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact
Investor Relations Contact:
Marine Exploration, Inc.
720.381.1146
info@mexp.biz
