Seafarer Exploration Announces Purchase of Hand Held Magnetometer
NEW YORK-(Business Wire)-September 17, 2009 - Seafarer Exploration Corp. (OTCBB:SFRX) today announced the purchase of a hand held SM10 Magnetometer. Jim Sinclair, the Company Archaeologist stated in a letter to the Board that, “the hand held magnetometer will allow divers to precisely locate the target anomaly in preparation to positioning the vessel for digging.”
Mr. Sinclair also updated and advised the Board that, “we are taking a two pronged approach to the site of investigation, excavation, and recovery in both the deeper areas as well as the shallow areas. We have confirmed a steady direction for the 'scatter pattern' of the wreckage and can now begin to extrapolate where the vessel might be laid to rest. We will utilize these days when the weather is cooperative to access some of the shallow areas with the new piece of equipment.
“When the weather conditions are not as cooperative, we will work on the deeper water areas. This will allow us to be more efficient year around.”
Disclaimer
This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, statements regarding benefits of the proposed acquisition and other forward-looking terminology such as "may," "expects," "believes," "anticipates," "intends," "projects" or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein.
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