TAMPA, Fla., Dec. 23, 2013 /PRNewswire/ -- Seafarer
Exploration Corp. (OTCQB:SFRX) ), a company focused on the
archaeologically-sensitive exploration, research, and recovery of
historic shipwrecks, announced today that the Board of Trustees of
the State of Florida has granted
them a 5 year Sovereignty Submerged Lands Cultural Resource
Recovery Easement for excavation of a shipwreck site located off of
Juno Beach, FL. This important
announcement completes the fourth and final requirement for
Seafarer to continue its testing, exploration, and recovery work of
the very promising shipwreck excavation at the Juno Beach site.
"I want to start by expressing my sincere gratitude to Ms.
Sue Jones and others at the Bureau
of Public Land Administration for their diligent and prompt
delivery of the easement instrument," said Kyle Kennedy, CEO of Seafarer. "We are
very encouraged by some of the materials we uncovered from the Juno
Beach Site last week including some jade, ballast stones, musket
balls and cannon balls. With the state's help, we also continue to
pursue our permit for another site located along the coast of
Florida and we continue to
research and target site number 4."
Seafarer also received eligibility from the Depository Trust Co.
(DTC) for Deposit Withdrawal At Custodian (DWAC) for its common
stock. Mr. Kennedy stated, "We are very pleased with both of these
important advances to our infrastructure and growth. I am
especially proud of the hard work of our transfer agent ClearTrust
LLC and specifically Kyla Kennedy
who never gave up on us to get this approval."
Kara Kennedy, founder of
ClearTrust LLC, added, "We are pleased with Seafarer's acceptance
into the DWAC program and thank DTC for their time and
consideration during the evaluation process. We are glad we could
be instrumental in procuring this upgrade. The improvement for
Seafarer's common stock will mean faster deposit time, less
expensive broker deposit fees, and a wider range of brokers to
choose from; all good for Seafarer shareholders."
About Seafarer Exploration
Seafarer Exploration Corp. is a publicly traded underwater
salvage and exploration company. The principal business of the
company is to develop the infrastructure necessary to engage in the
archaeologically-sensitive research, documentation, exploration and
recovery of historic shipwrecks. The company is attempting to
secure multiple sites it believes may contain historic shipwrecks.
The company will use accepted archaeological methods to properly
document, research and recover portions of the wrecks.
Disclaimer:
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.
Contact:
Kyle Kennedy
(813) 448-3577
SOURCE Seafarer Exploration Corp.