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Announces Shipwreck Recovery to Commence in August

Posted By Carl Dilley, Thursday, July 20, 2017
Shipwreck Recovery to Commence in August

 

CLEARWATER, FL and GREEN COVE SPRINGS, FL--(Marketwired - Jul 20, 2017) - Swordfish Partners, a Florida joint venture comprised of Endurance Exploration Group, Inc's wholly-owned subsidiary, EXPL Swordfish, LLC. (OTCQB: EXPL) ("Endurance"), and Deep Blue Exploration, LLC ("Deep Blue") have contracted Blue Water Ventures International, Inc., (OTC PINK: BWVI) ("Blue Water") and are pleased to jointly announce the exclusive agreement for Blue Water to recover potentially valuable artifacts and coins from a shipwreck site off the coast of North Carolina the parties believe to be the 1838 sinking of the steam paddle wheeler, Pulaski. (https://en.wikipedia.org/wiki/Steamship_Pulaski_disaster)

Endurance discovered the site of the loss and the shipwreck is currently subject of a Swordfish Partners admiralty claim in the U.S. District Court for the Middle District of Florida, Tampa. The wreck has been arrested and Swordfish Partners has been named Substitute Custodian with exclusive rights to make the recovery. The parties expect on site salvage operations to begin mid-August of this year.

The terms of the joint venture and the agreement with Blue Water call for a reimbursement of two times the costs to Endurance and Blue Water plus a division committee that will allocate all profits in cash or in kind as follows: Deep Blue fifty percent (50%); Endurance, through its wholly owned subsidiary twenty-five percent (25%); and Blue Water twenty-five (25%). 

Endurance CEO, Micah Eldred said, " We have known Blue Water Ventures founder and CEO, Keith Webb, for a long time and also know the excellent capability of his ships, crew and company with regards to shallow water shipwreck recoveries. We are pleased to be working side-by-side with Blue Water on this find. This arrangement furthers our Company's business plan which is to develop a portfolio of shipwreck recovery projects that we believe can be salvaged in a profitable manner."

Keith Webb, CEO of Blue Water added, "Our on-the-water operations are designed for exactly this type of recovery. I know I speak for our entire team when I say we look forward to recovering what was lost almost 180 years ago and helping tell the amazing story of this shipwreck and its brave survivors to the world."

This communication shall not constitute an offer to sell or solicitation of an offer to buy, nor shall there be any sales of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Endurance Exploration Group, Inc.:

Endurance Exploration Group, Inc. specializes in historic shipwreck research, subsea search, survey and recovery of lost ship containing valuable cargoes. Over the last 5 years, Endurance has developed a research database of over 1,400 ships that are known to be lost with valuable cargoes in the world oceans. 
www.eexpl.com
www.facebook.com/EnduranceExplorationGroup

About Blue Water Ventures International, Inc.:

Blue Water is engaged in the business of conducting archaeologically sensitive recoveries of cargo and artifacts from various shipwrecks. Its operations to date have focused on shallow water search and recovery projects in less than 150 feet of water. It will be conducting survey or recovery operations off the coasts of North and South Carolina. Interested parties are encouraged to stay up to date with the latest company developments by joining the BWVI mailing list at: http://www.bwvint.com/about-us/

Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. These statements may include words such as "anticipate," "believe," "expect," "intend," "may" and other words and terms of similar meaning, including in connection with any discussion of the timing or nature of future financial performance or other events. Such forward-looking statements are subject to certain risks and uncertainties including, but not limited to: our ability to further strengthen our balance sheet, our ability to raise the funding needed to continue our operations, our ability to successfully and profitably locate additional wrecks and valuable cargos, our ability to establish ownership regarding the same, and other factors. As a result of these factors, our actual results may differ materially from those indicated or implied by such forward-looking statements. Except as required by law, the Company disclaims any obligation to publicly update such statements.

Contact Information:

Endurance Exploration Group, Inc.
Micah Eldred
CEO
727-502-0508

Blue Water Ventures International, Inc.
Keith Webb
President/CEO
905-215-7601

Tags:  8-K  EXPL  marine salvage  treasure 

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Endurance Exploration Group, Inc. (EXPL) has entered into a joint-venture agreement with Deep Blue Exploration, LLC

Posted By Carl Dilley, Tuesday, February 7, 2017

Jan 12, 2017

Endurance Exploration Group, Inc. (EXPL) has entered into a joint-venture agreement with Deep Blue Exploration, LLC

CLEARWATER, FL--(Marketwired - Jan 12, 2017) - Effective January 9, 2017, Endurance Exploration Group, Inc. ("EXPL") (OTCQB: EXPL) through a newly formed, wholly owned subsidiary, EXPL Great White, LLC, has entered into a joint-venture agreement ("Agreement") with Deep Blue Exploration, LLC, dba Marex ("Marex"), a company controlled by veteran salvor, Hebert ("Herbo") Humphreys.

Pursuant to the Agreement, Marex has agreed to contribute to the joint venture certain shipwreck research files, sonar and other subsea survey data, navigational data, artifacts, and assistance relating to a number of shipwreck and suspected shipwreck targets located in international waters off the Southeast coast of the United States. EXPL has agreed to further survey and inspect the shipwreck and suspected shipwreck targets, and if deemed appropriate, take actions necessary to salvage the shipwreck targets.

The economic terms of the Agreement call for EXPL to provide the funding for the further inspection, salvage and operations of the joint venture. Any revenues from the JV will be split 90% first to EXPL and 10% to Marex until EXPL receives 2 times its costs and investments returned, and then a 50% split to both EXPL and Marex respectively.

The joint venture is expected to terminate in two years, unless extended by mutual agreement between the parties.

EXPL CEO, Micah J. Eldred, commented, "We are pleased to enter into this joint venture with Herbo Humphreys and his affiliated company, Marex. We look forward to further exploring the shipwreck and possible shipwreck targets already identified by Marex. We believe this joint venture will likely expand our portfolio of economically viable shipwreck salvage projects and we are enthusiastic about the joint venture's potential for 2017 and 2018."

The full 8-K filing is available at: https://c.ymcdn.com/sites/stockmarketmanager.site-ym.com/resource/resmgr/files/EXPL_8-K_1-9-17.pdf

Forward-Looking Statements
This press release contains information about Endurance Explorations Group's view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property.

For More information:
Endurance Exploration Group, Ltd.
15500 Roosevelt Boulevard, Suite 301
Clearwater, Florida 33760
Tel- 727-533-5555

Copyright © 2017 Marketwired. All Rights Reserved

Tags:  EXPL  marine salvage  treasure 

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Endurance Explorations Cancels Debt

Posted By Carl Dilley, Wednesday, January 4, 2017

 

Endurance Exploration Cancels Debt

Effective December 31, 2016, Endurance Exploration Group, Inc. (the “Company”) entered into loan settlement and release agreements with Connect X Capital Markets, LLC and Micah J. Eldred (the “Lenders”) whereby, the Lenders have agreed to forgive approximately $406,000 of debt owed by the Company to the Lenders.

Complete EXPL Form 8-K 12-31-16.pdf

 

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Endurance Exploration Provides an Operational Update for Shareholders

Posted By Administration, Monday, August 1, 2016

July 6, 2016. Clearwater, FL -Endurance Exploration Group (OTCQB:EXPL) is pleased to provide the following update to our shareholders.

Keith Holloway says, “Our business thesis remains intact – we believe a subsea salvage business, relying on extensive archival research and use of modern day technology, that is properly capitalized, can systematically locate and salvage lost cargoes in a manner that will produce profits for shareholders.... click the button below to read more.

Download File (PDF)

Tags:  8-K  EXPL 

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