JACKSONVILLE, FL, April 25, 2018 (GLOBE NEWSWIRE) -- Blue Water Ventures International (OTCPK: BWVI) and project recovery partner Endurance Exploration Group (OTCQB: EXPL) are pleased to announce that they have extended their Agreement concerning the salvage of the shipwreck believed to be the SS Pulaski.
The new Agreement runs through the end of 2018 and ensures that salvage operation will continue without interruption as the 2018 recovery season begins. Both BWVI and EXPL agree on the importance of continued use of archeological guidelines while recovery efforts continue on the site.
Recent recovery efforts by Blue Water Ventures International and Endurance Exploration Group resulted in coins from the US, Spain, Mexico and Great Britain among other artifacts. Foreign coins were legal tender in US at the time the SS Pulaski sank due to the scarcity of US Mint issues.
The wreck of SS Pulaski is particularly significant. It represents one of the earliest shipwrecks from which US coins have been recovered. The first coins recovered include well-preserved half dollars and half eagles from the 1830s as well as several earlier issues.
The coins are being professionally conserved by Numismatic Conservation Services (“NCS”) a sister company to Numismatic Guaranty Corporation (“NGC”). NCS was established in 2001 as the world’s first professional coin conservation service and has extensive experience with shipwreck-recovered coins, having previously conserved coins recovered from several major shipwrecks.
Keith Webb of Blue Water Ventures International commented, “Now that the paperwork is settled, we can get back to what we do best. This upcoming season should reveal significant recoveries, the boats are ready, and our dive team is anxious to get back in the water!”
Micah Eldred of Endurance Exploration adds, “We are pleased to be working with Blue Water on this project, we appreciate their professionalism, and we look forward to continuing to work with Blue Water on this and potentially future projects.”
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.