Jefferson, Texas, May 03, 2018 (GLOBE NEWSWIRE) -- Mr. Tidwell, president of Innocap, Inc. (INNO), is traveling to Singapore on May 2 to advance the work on two salvage projects that are designed to recover large shipments of tin from sunken vessels that are believed to be in the waters between Indonesia and Malaysia. He will assist in organizing activities on the salvage ship and assess the progress being made.
While in Asia, Mr. Tidwell is planning to meet with associates concerning the potential Flor de la Mar project located in Indonesia. The Flor de la Mar was a Portuguese ship that sank off the coast of Indonesia in 1511 with a rumored large cargo of treasures. This historically significant project could represent a milestone for the Company, if and when a contract is signed by Innocap and the Indonesian government. Mr. Tidwell has previously met with officials from the Indonesian government, but a contract has not been signed as of this date.
Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company's Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.