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8-K - SEAFARER EXPLORATION CORP, 8-K - SEAFARER EXPLORATION CORP | seafarer_8k-17467.htm |
EX-99.1 PRESS RELEASE ISSUED September
5th,
2018
TAMPA, Fla., September 5, 2018/PRNewswire/ - Seafarer Exploration
Corporation (OTC: SFRX) is pleased to announce a share exchange of
60 million restricted common shares for 10,000 non-dilutive common
shares of the private company Probabilities and Statistics, Inc.
(P&S). Seafarer has received a one percent position in
P&S.
Kyle Kennedy, CEO of SFRX, stated, “This is the first major
step in building a strong symbiotic relationship with a
cutting-edge technology company. P&S has the capacity to take
us to a new level of technological development and ultimately
potential revenues. A carefully designed program has been created
between P&S and Seafarer to both monetize emerging technologies
and engage Seafarer to be compensated for directing private and
public companies who wish to utilize blockchain encryption to
P&S for their services. P&S is a leader in blockchain
encryption and already works with government, aerospace, defense
contractors, banks and industries in a high-tech research,
development and support role. Nobody in our industry sector
remotely comes close to what Seafarer is doing. We already set the
bar in everything we do, but P&S can take us into a space that
far exceeds our expectations and industry
norms.”
Kennedy continued, “P&S has an exceptional team of
scientists and engineers who can further propel our own development
of technology in specialized equipment to advance our proprietary
designs. Additionally, P&S has innovative computing and
modeling systems which utilize a type of artificial intelligence to
maximize effectiveness through its proprietary advanced algorithms.
To our knowledge and extensive research, no one compares to
P&S.”
Mr. Kennedy added, “While ongoing upgrades to the Iron Maiden
have limited the number of working days, combined with fewer days
of seas under three feet, we have continued to work and find
shipwreck material. We appear to have shipwreck debris from the
early 1700s, but the area is large and will require more
work.”
Don Beavers, president of P&S, stated, “Probability and
Statistics is very excited about proceeding with Seafarer
Exploration on multiple projects including blockchain applications,
engineering support, topographic modeling, sensor recording and
analysis, and other relevant advanced technology integration. Our
experience in aerospace and engineering directly translates to new
and exciting opportunities in the undersea world. Combining our
advanced computing with Seafarer’s exploration experience
brings significant potential for success. Our blockchain data
systems could also provide a competitive advantage for Seafarer in
both data and security. We also believe that Seafarers existing
partnerships and alliances, developed over many years, will lead to
potential new projects and revenues for both corporations. Our
equity exchange is based, from our point of view, on the belief
that our technology could push Seafarer to the very forefront of
sub-aquatic exploration and its related industries and bring new
revenue opportunities to both entities.”
About P&S:
The advanced services that P&S offers include blockchain
development, blockchain encryption, engineering and scientific
computing, cloud mining, and more. Their engineering and scientific
services include state-of-the-art computational fluid dynamics,
structural analysis, electrodynamics, and other multi-physics
simulation capabilities. P&S is ITAR registered with bio-metric
access controlled facilities on an independent network. Their
clients include the some of the largest aerospace and defense
contractors in the world.
www.probabilityandstatistics.net
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, recovery and conservation 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.