TAMPA, Fla., April 10, 2019 /PRNewswire/ -- Seafarer Exploration Corp. (OTCQB: SFRX) and Blockchain Logistech, LLC are pleased to announce a new and additional U.S. government agency has secured the services of their strategic partner Probability and Statistics, Inc. (P&S). P&S has been engaged to create and service a government agency project for the next 12 months and beyond. The purchase order is the second of other planned projects to service a group of U.S. government agencies.
Seafarer CEO Kyle Kennedy commented, "The significance of a different U.S. government agency being recruited by Seafarer to contract with P&S demonstrates the validity of the business model to build multiple revenue streams for Seafarer. Attracting these government contracts is wonderful for Seafarer shareholders and I expect them to continue to expand. But this is still the beginning as I anticipate encryption work from other business sectors outside of government entities."
Kennedy added, "P&S has been an amazing business partner who understands the needs and nuances of a complicated, diverse and secretive clientele. The solutions offered by P&S are tailored to meet the extremely high demands of some of the most sophisticated and technologically advanced agencies in the world."
Don Beavers, CEO of P&S, stated, "Probability and Statistics is pleased to have received this additional government agency contract through the efforts of the Blockchain Logistech team at Seafarer. This is the second of a total of six pending Federal level contracts for this year. We are also anticipating the awarding of Seafarer's first State level contract sometime in the third quarter. What an incredible first year for our strategic partnership! These additional contracts should begin providing ongoing monthly revenues to Seafarer within the next few months and these types of contracts can often renew for multiple years."
About Seafarer Exploration:
Seafarer Exploration Corp. is a publicly traded company trading under the symbol SFRX. The principal business of the company is to develop the infrastructure necessary to engage in the archaeologically-sensitive research, documentation, exploration, recovery and conservation of historic shipwrecks. The company has secured multiple sites it believes contain historic and valuable shipwrecks. The company will use accepted archaeological methods to properly document, research and recover portions of the wrecks. Seafarer employs scientists and historians and is committed to preserving the cultural and historical significance of every wreck it finds. www.seafarercorp.com
The advanced services that P&S offers include blockchain development, blockchain encryption, engineering and scientific computing, cloud mining, and more. Their engineering and scientific services include state-of-the-art computational fluid dynamics, structural analysis, electrodynamics, and other multi-physics simulation capabilities. P&S is ITAR registered with bio-metric access controlled facilities on an independent network. Their clients include some of the largest aerospace and defense contractors in the world. www.probabilityandstatistics.com
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.