$BLIS Treasure & Shipwreck Recovery Sets Out Short
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Posted On: 01/13/2020 9:17:47 AM
$BLIS Treasure & Shipwreck Recovery Sets Out Short-Term Objectives
ST. PETERSBURG, Fla., Jan. 02, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – Treasure & Shipwreck Recovery, Inc. (“TSR” or “the Company”) (currently trading as OTC:BLIS) today updates shareholders and the public regarding its follow-up plans in the short term for use of its acquired vessels, equipment, contracted crews and numerous target sites. TSR also announces that it has completed the purchase of a major bulk of diving and recovery equipment. With its acquisition of approximately 60 miles of scans off the east coast of Florida, the Company will be operating in a known target area where it has recovered previously announced items.
The Company has taken on new expert consultants, including for the training of TSR and contractors on new scanning procedures and equipment. TSR is presently purchasing state-of-the-art magnetometers for outfitting its vessel the R/V Bellows for large- and precise-scale surveying operations, both off Florida and in other areas of the Caribbean. These operations will be based out of Cape Canaveral over the next one to two months.
The Company will also be announcing the filing of its U.S. court admiralty claim off the east coast of Florida covering the area where historical objects have been recovered, and TSR is working with an expert in the admiralty law arena to secure such claims in the coming weeks.
The Company is further accomplishing its goal of securing a determination that TSR is not and has never been a shell company under the Securities Act. This is being done through a new filing, with the Company’s new activities, assets and operations included, which will be refiled in circuit court in Florida for a short-term hearing.
ST. PETERSBURG, Fla., Jan. 02, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – Treasure & Shipwreck Recovery, Inc. (“TSR” or “the Company”) (currently trading as OTC:BLIS) today updates shareholders and the public regarding its follow-up plans in the short term for use of its acquired vessels, equipment, contracted crews and numerous target sites. TSR also announces that it has completed the purchase of a major bulk of diving and recovery equipment. With its acquisition of approximately 60 miles of scans off the east coast of Florida, the Company will be operating in a known target area where it has recovered previously announced items.
The Company has taken on new expert consultants, including for the training of TSR and contractors on new scanning procedures and equipment. TSR is presently purchasing state-of-the-art magnetometers for outfitting its vessel the R/V Bellows for large- and precise-scale surveying operations, both off Florida and in other areas of the Caribbean. These operations will be based out of Cape Canaveral over the next one to two months.
The Company will also be announcing the filing of its U.S. court admiralty claim off the east coast of Florida covering the area where historical objects have been recovered, and TSR is working with an expert in the admiralty law arena to secure such claims in the coming weeks.
The Company is further accomplishing its goal of securing a determination that TSR is not and has never been a shell company under the Securities Act. This is being done through a new filing, with the Company’s new activities, assets and operations included, which will be refiled in circuit court in Florida for a short-term hearing.
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