MEXP Marine Exploration and Hispaniola Ventures Enter into Joint Venture with Dominican Group Regarding Eye Witness Accounts of Several Treasure Wrecks
Marine Exploration, Inc. (OTCBB: MEXP stock news), and its long-term partner Burt
Webber's Hispaniola Ventures, LLC, have entered into a joint venture
with a Dominican group which has yielded valuable information on several
treasure wrecks in the territorial and jurisdictional waters of the
Dominican Republic.
Marine Exploration, Inc. President Paul Enright states, "We have worked
diligently to substantiate the information provided by our new partners.
I am pleased that Marine Exploration has entered into this agreement
based upon bona fide eye witness accounts of several wrecks which we now
believe to be treasure bearing ships."
Marine Exploration, Inc., and joint venture partner Hispaniola Ventures,
LLC headed by Burt Webber, expect to continue the surveys and anticipate
locating and recovering historic shipwrecks with valuable artifacts and
treasure. Under exclusive contract with the Dominican Republic, the
Company has plans in place to pursue multiple notable shipwrecks in
Dominican Republic territorial and jurisdictional waters.
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Forward-Looking Statements
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.
