TAMPA, Fla., July 05, 2018 (GLOBE NEWSWIRE) -- Seafarer Exploration Corp (OTC PINK: SFRX) is an under the radar development stage company engaged in a niche sector of underwater exploration and salvage. The Company’s main business is conducting archaeologically-sensitive explorations, leading to documentation, and recovery of historic shipwrecks from the colonial era.
Spanish shipwreck carrying treasure worth over $1 Billion was discovered with the help of multiple divers in Melbourne Beach. More than $1 Billion worth of gold bars, coins and dust has been discovered. The gold will be all for sale. Just one tiny coin alone could go for $1 million because of its combination of rarity and the history behind it.
Seafarer awards Discovery Channel the rights to live stream the lost treasure discovered from Melbourne Beach, which is currently underway. Seafarer agreed to a $45 Million TV deal with Discovery Channel for the rights to broadcast our historic discovery.
“This is a significant partnership for our company,” says Kyle Kennedy CEO of Seafarer Exploration Corp. This partnership will give Discovery Channel additional distribution into markets they are not currently reaching. The Chest discovery is consider to be the mother lode of all treasures. Seafarer will be reporting record revenues for the first time.
“We are pleased to provide these updates to our shareholders and look forward to announcing progress on additional initiatives such as acquisitions and share buyback," says Kyle.
Seafarer Exploration Corp. will keep both its shareholders and public completely informed of the entire process as the details continue to develop. Please watch for regular press releases about the Company’s progress. For additional information, please visit the Company’s website at www.seafarerexplorationcorp.com
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.
SOURCE: Seafarer Exploration Corp.
Contact: Kyle Kennedy (813) 448-3577
