Have you guys seen Webber and crew?
May 19, 2009 08:00 AM Eastern Daylight Time
Marine Exploration’s Burt Webber and Crew Are Diving for Sunken Treasure in Dominican Republic Waters
MIAMI--(BUSINESS WIRE)--Marine Exploration, Inc. (OTCBB:MEXP) announces Burt Webber and crew are in Dominican Republic waters diving for sunken treasure. From the R/V Hispaniola, divers are using unique jet propulsion boots while holding hand-held cesium magnetometers in the search for valuable underwater cargoes of jewels and priceless artifacts. Burt Webber, one of the most renowned and successful Caribbean Sea explorers of the 1970s, and his team have begun to search the scene of numerous treasure galleon shipwrecks off the Silver Bank of the Dominican Republic.
Known for introducing sophisticated new underwater search systems that revolutionized shipwreck exploration, Webber continues to bring treasure salvage to a high art. The first class 128-foot R/V Hispaniola has most recently been berthed in the port of San Souci, Dominican Republic awaiting further government approvals and suitable seas. Bedecked with high-tech devices including a state of the art operations center, the R/V Hispaniola has been re-designed to Webber’s exact specifications.
In 1978, Mr. Webber discovered the legendary Spanish Galleon “Nuestra Senora de la Concepcion” that sank in 1641 off the Dominican Republic. He was the first person in more than three centuries to see the remains of the treasure ship. The expedition produced a yield of over 60,000 silver coins, bullion, gold chains with a value of $14 million; conservatively estimated at $80 million in today’s dollars.
Marine Exploration, Inc., and joint venture partner Hispaniola Ventures, LLC headed by Burt Webber, expect to investigate, locate, and recover valuable treasure in the area. Working under a contract with the Dominican Republic, the Company has plans in place to pursue multiple notable shipwrecks.
The R/V Hispaniola and crew can be viewed at
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 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.
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