Dominican Republic Extends Marine Exploration Contract
MIAMI-(Business Wire)-September 15, 2009 - Marine Exploration, Inc. (OTCBB: MEXP) announced today that the Dominican Republic has extended the Company’s “in-country” contract for another 2 years. Further, the contract expands the contracted search area into waters that are of high interest to Marine Exploration.
Marine Exploration’s President, Paul Enright states, "We are pleased with the vote of confidence the Dominican Republic has cast for us by extending our contract for another 2 years. With the addition of new search areas, we expect our chances of finding treasure-bearing shipwrecks to rise significantly.”
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. 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.
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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