MIAMI - (Business Wire) Marine Exploration, Inc. (OTCBB: MEXP) confirms that a video circulating on the Internet was recently posted to the Company’s message board on Yahoo Finance by third party sources. The video shows the R/V Hispaniola and Burt Webber's team over an early 18th Century Spanish galleon shipwreck. The Company is salvaging the wreck under newly expanded contract terms with the Dominican Republic. http://finance.yahoo.com/q?s=mexp.ob
Click on <Message Boards>
Posting: <A ship Marine Exploration, Inc. in my home town shore!>
Marine Exploration CEO Mark Goldberg states: "We are aware of the Yahoo posting and Internet video and can confirm that our team, led by Burt Webber, is currently performing salvage of an early 18th Century Spanish galleon shipwreck. The salvage is ongoing at this time, and regardless of the wording in the Yahoo piece, we have neither confirmed nor denied the dollar value of the ornate gold jewelry, coins, silver, and other items recovered or yet to be recovered. With safety a primary concern, we will continue our operations and issue near term updates to the public and our investors."
Marine Exploration, Inc. and joint venture partner Hispaniola Ventures, LLC, headed by Burt D. Webber, Jr., plan to continue the shipwreck site survey and salvage and anticipates locating and recovering additional historic shipwrecks with valuable artifacts and treasure. Working 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. http://www.mexp.biz/
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 (http://www.sec.gov/cgi-bin/browse-edgar?type=424B3&dateb=&owner=include&count=40&action=getcompany&CIK=0001019654) 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. To see our website, go to http://www.mexp.biz.
Emerson Gerard Associates
Media Relations Contact:
Jerry Jennings, 561-881-7318
mediareply@emersongerard.com
