TAMPA, Fla., Feb. 13, 2013 /PRNewswire/ -- Seafarer Exploration Corp. (OTCQB: SFRX), a company focused on the archaeologically-sensitive exploration, documentation and recovery of historic shipwrecks with an emphasis on recovering treasure and understanding and documenting historical events surrounding shipwrecks, is pleased to announce they have finalized an agreement with Heartland Treasure Quest LLC (HTQ) for a third treasure site. HTQ has surveyed, explored, and researched the site and historical archives for over a decade. Seafarer will now start the application process for another salvage permit.
Kyle Kennedy, CEO of Seafarer, stated, "We are continuing our plans of expansion to build shareholder value and increase our probabilities of success. We want to continue to emphasize the academic importance of excellent archaeology and reporting with the projects we have been given the responsibility to complete. And, in line with that, we wish to thank the archaeologists and biologists at HTQ for their commitment to professional standards. Seafarer and the Florida Bureau of Archaeological Research are committed to the very highest professional archaeological standards. Seafarer is now in the research stage for future wreck sites number 4 and 5."
Thomas Funk, Project Archaeologist, commented "We are happy to be partnered with Seafarer, a company that has continually demonstrated a commitment to historical documentation and achieving the highest environmental standards and archaeological conservation of our state history." Scott Herber, Biologist for HTQ, added "We have gathered years of information from exploring and researching the archives and are ready to complete the final chapter of this ship's final voyage."
Seafarer is also pleased to announce their much improved website (www.seafarercorp.com) has been fully redesigned, is back online and will be updated continually as progress and developments warrant.
Seafarer is currently pursuing other projects and wreck sites and would like to extend an invitation to anyone who might have discovered a wreck site or something of historical importance to contact us.
About Seafarer Exploration Corp. (www.seafarercorp.com)
Seafarer Exploration Corp. is a publicly traded underwater salvage and exploration company. The principal business of the company is to develop the infrastructure necessary to engage in the archaeologically-sensitive exploration, documentation, and recovery of historic shipwrecks. The company has primarily focused on efforts to locate and recover artifacts and cargo from what is believed to be a sunken Spanish ship off the coast of Juno Beach, Florida. Management believes that if artifacts and cargo are recovered, a portion of the recovered items will be in the form of treasure such as dated coins, gold and silver bullion, and emeralds. Additionally, the company has also been mapping and surveying their second site off of Lantana Beach, Florida, with positive results.
The 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, 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 expectation and actual results may vary (perhaps materially) from certain of the results anticipated herein.
SOURCE Seafarer Exploration Corp.