JACKSONVILLE, FL, May 09, 2018 (GLOBE NEWSWIRE) -- Blue Water Ventures International (OTCPK: BWVI) and project partner Endurance Exploration Group (OTCQB: EXPL) have verified the identity of the Steamboat Pulaski. Several items recovered this past week contain the name “Pulaski” stamped on the artifacts, establishing the ship’s provenance. The Pulaski sank in 1838 off the coast of North Carolina. She is one of the more notable shipwrecks in the early history of the eastern seaboard of the United States.
Recently, the Blue Water dive crew received training in advanced nitrox enriched diving. This allows divers longer bottom time to explore the site and create better working grids on the seafloor. The advanced training the divers received has facilitated these new discoveries. Originally bottom time for the divers was about 20 minutes. Now, with this training, divers can spend an hour working on the Pulaski site. A window of favorable weather opened last week, and the dive team was able to return to the site. Once on the bottom, the divers immediately began discovering coins and artifacts. Most notably among the first finds, a candlestick holder marked with the name " SB Pulaski".
To date, the Pulaski site has produced 115 gold and silver coins, all dated prior to 1838. These finds represent early American coinage, Spanish colonial and British coins. All coins are being conserved and appraised by Numismatic Guarantee Corporation. Other unique items recovered include a small, unique box, a pocket watch, candlestick holders, brass wall sconces, keys and a numbered brass tag marker with the name SB Pulaski stamped on it.
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Keith Webb of Blue Water Ventures states, “As the weather conditions improve off the coast of North Carolina, the Blue Water Rose will be working as much as possible on the site to fully recover this shipwreck. We are proud to share the history and legacy of this lost but not forgotten piece of American history.”
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Micah Eldred of Endurance Exploration Group adds, “We are pleased to positively identify this wreck site as that of SB Pulaski, and while we are elated with the recoveries to date, this only represents a tiny fraction of the currency, jewelry and other unique items lost on this shipwreck. We look forward to an exciting 2018 recovery season!"
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About Blue Water Ventures International, Inc.:
The Company is engaged in the business of conducting archaeologically-sensitive recoveries of cargo and artifacts from shipwrecks. Its operations to date have focused on shallow water search and recovery projects in less than 150 feet of water. The Company is now expanding its focus to include deep-water salvage of historic and modern-day shipwrecks. For more information go to http://www.bwvint.com
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. For more information go to http://www.expl.com.
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. Such forward-looking statements are subject to certain risks and uncertainties including, but not limited to: ability to further strengthen our balance sheet, ability to raise funding for continued operations, ability to successfully and profitably locate additional wrecks and cargo, ability to establish ownership, and other factors. Therefore, 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.