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Marine Exploration, Inc.: Marine Exploration and Madrik Multimedia Form Partnership to Produce Docu-drama

^{Published on 2009-04-01 07:23:32, Last Modified on 2009-04-01 07:24:22 - Market Wire}
 

MIAMI, FL--(Marketwire - April 1, 2009) - Marine Exploration, Inc. (OTCBB: [ MEXP ]) and Burt Webber's Hispaniola Ventures, LLC have entered into a partnership with Los Angeles based production company [ Madrik Multimedia ] to develop and produce a television show about Marine Exploration, Inc. featuring the exploits of the legendary treasure hunter [ Burt Webber Jr ]. and his crew.

In his four-decade spanning career, Mr. Webber has set the standard for exploration and treasure ship salvage. Discovering the legendary Spanish Galleon "Nuestra Senora de la Concepcion" that sank in 1641 off of the Dominican Republic, he was the first to see the remains of the treasure galleon in more than three centuries. The treasure salvaged in 1979 had a value of $14,000,000USD (conservatively estimated at today's dollars: $80,000,000.00, noting that the Concepcion was previously discovered and semi-salvaged in 1687). Webber's expedition produced a tremendous yield of over 60,000 silver coins, bullion, gold chains and priceless artifacts, most of which are permanently exhibited in the national museums in Santo Domingo, Dominican Republic.

[ Executive Producer Terence Michael ] (VH-1's "Shooting Sizemore" & Showtime's "I Can't Believe I'm Still Single") will film joint venture partner Burt Webber Jr. and his crew of 14 men as they explore the floor of the Caribbean Sea and North Atlantic for valuable treasure bearing shipwrecks.

Paul Enright, President of Marine Exploration, Inc., stated:

"This television show will highlight the locating and recovery of valuable sunken treasure found on the floor of the beautiful Caribbean Sea while the crew goes through the highs and lows of this exciting and challenging work. The show will be unlike any other because the work is performed by professional divers in the exotic Caribbean."

About [ Marine Exploration, Inc. ]:

Marine Exploration, Inc. is currently pursuing two primary projects north of the Dominican Republic for which an exclusive host country treasure-salvage contract is in place. This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. [ Prospective investors are cautioned ] that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. To see our website, go to [ http://www.mexp.biz ].