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8-K - SEAFARER EXPRATION FORM 8K - SEAFARER EXPLORATION CORP | seafarer_17283-8k.htm |
EX-99.1 PRESS RELEASE ISSUED NOVEMBER 21, 2017
Seafarer Gains Federal Admiralty Judgment on Juno Beach
Site
TAMPA,
Fla., November 21, 2017/PRNewswire/ - Seafarer Exploration
Corporation (OTCQB: SFRX), a company focused on archeologically
sensitive exploration, research and recovery of historic shipwrecks
is pleased to announce that Seafarer has been granted, through the
United States District Court for the Southern District of Florida,
a final judgment for its federal admiralty claim on the Juno Beach
site.
Kyle
Kennedy, CEO of Seafarer, stated, “I am very pleased to have
this leg of the journey complete after 2 years of detailed legal
work as requested by the Florida Bureau of Archaeological Research.
While we now will file for a renewal of our recovery permit with
the Bureau, the history of the continuous admiralty claims for the
site gives us certain rights under Federal law. It will be exciting
to receive our recovery permit and investigate the vastly
undiscovered and approximately one-square-mile area in the deepest
part of the site which was previously deleted from the magnetometer
survey.”
Mr.
Kennedy further commented, “This year we have had to face
challenges due to lengthy repair issues including some damage by
Hurricane Irma to the Iron Maiden, our primary investigation
vessel. I feel we have replaced and rewired the entire ship during
a period of time which could have been very beneficial to the
company and shareholders. We will now make best use of her on days
the waves permit.”
Additionally, Mr.
Kennedy commented, “We have made good forward progress
exploring and testing new technology to better identify buried
artifacts. If anyone has a proven technology they would further
like to test, please contact the company. The science and
technology available today may very well eclipse what predecessors
in the industry had access to. Also, I would like to thank Dr.
Robert Baer who has written an archaeological research paper on our
Melbourne Beach site which will inform shareholders on the history
and potential of the site.” The report can be found on
Facebook and Seafarer’s website.
About Seafarer Exploration:
Seafarer Exploration Corp. is a publicly traded underwater salvage
and exploration company traded under the symbol SFRX. 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 has secured multiple sites it believes contain historic and
valuable shipwrecks. The company will use accepted archaeological
methods to properly document, research and recover portions of the
wrecks. Seafarer employs scientists and historians and is committed
to preserving the cultural and historical significance of every
wreck it finds. www.seafarercorp.com
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.