CLEARWATER, FL / ACCESSWIRE / October 3, 2018 / Endurance Exploration Group, Inc. (OTCQB: EXPL) ("Endurance" or the "Company"), operating through its previously announced joint venture, Swordfish Partners (the "Joint Venture"), is pleased to announce that it has acquired title to over 600 items and artifacts salvaged from the Steamship Pulaski, a steamship that sank 40 miles off the coast of North Carolina in 1838. Among the items recovered are over 500 gold and silver coins from all over the world that date back to the late 1700s and early 1800s. The Joint Venture has worked tirelessly this year recovering these items, and on October 2, 2018, the United States District Court for the Middle District of Florida, Tampa Division (the "Court"), rewarded its efforts by entering its Order granting the Joint Venture title to those items set forth in the September 2018 Adjudication Report filed with the Court. The Court also granted the Joint Venture the ability to seek adjudication of title for any additional finds.
According to Micah Eldred, the Chairman and CEO of Endurance, "we are extremely pleased with the Court's Order. This Order validates the processes we have developed for not only finding and salvaging valuable shipwrecks, but demonstrates our ability to obtain clear legal title for our carefully selected projects."
The next and final process for this project will be to begin monetizing the recovered items. Additional information on the Company's efforts in this regard will be posted to the Company's website and Facebook page in the coming weeks.
ENDURANCE EXPLORATION GROUP, INC
15500 Roosevelt Blvd, Suite 301
Clearwater, FL 33760
Cautionary Information Regarding Forward-Looking Statements.
This Form 8-K and the attached press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties including but not limited to legal and operational risks of offshore, historic shipwreck recovery.
Forward-looking statements contained in this Form 8-K and in the attached press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from the anticipated. The information contained in this release is as of October 3, 2018. Endurance Exploration Group, Inc. assumes no obligation to update forward-looking statements contained in this Form 8-K and attached press release as the result of new information or future events or developments.
SOURCE: Endurance Exploration Group, Inc.
View source version on accesswire.com: