Jacksonville, FL, Oct. 24, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Blue Water Ventures International, Inc. (OTCPK:BWVI) and project partner Endurance Exploration Group, Inc. (OTC:EXPL) will expand its operations to what is believed to be the wreck of the SS North Carolina. Endurance Exploration operating under its joint venture Swordfish Partners, has been granted a custodianship of the vessel, by the Middle District Court of Florida.
The SS North Carolina is of interest to our venture because of its similarity to the Pulaski. It sank in 1840, only two years after the Pulaski. It was of similar size and design and operated along the same routes along the East coast of the United States. Operations will begin by conducting a thorough archeological study and survey of the area, using advanced underwater sensing technology. We believe likely discoveries similar to those being made on the Pulaski will also be found on the North Carolina.
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.eexpl.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.