MEXP Stock: 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
Marine
Exploration, Inc., trading under stock symbol (PINKSHEETS: MEXP stock), 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-known
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.
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
