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Marine Exploration, Inc.: Marine Exploration, Inc. Announces Second Historic Shipwreck

^{Published on 2009-07-30 10:49:33, Last Modified on 2009-07-30 10:49:41 - Market Wire}
 

MIAMI, FL--(Marketwire - July 30, 2009) - Marine Exploration, Inc. (OTCBB: [ MEXP ]) announces that Burt D. Webber has found a previously unknown historic shipwreck in his latest foray into the Joint Venture permit area off the coast of the Dominican Republic. The company awaits additional reports from the R/V Hispaniola as its team works to identify the shipwreck and its contents.

Marine Exploration's CEO Mark Goldberg commented, "We have now made a significant shipwreck discovery on each of our trips into our joint venture permit area. We are tremendously pleased with the performance of our crew and equipment, especially with the Burt Webber designed magnetometers that were custom made at his direction by special arrangement with Geometrics, D&B Engineering and Ocean Images. We have proved that our scientific methodology is highly competent and capable of finding all that lays waiting for us under the water in our permit area."

Marine Exploration confirms that the R/V Hispaniola, under the direction of Burt Webber, will remain at sea within its permit area conducting its search and salvage with the purpose of identifying the origin, date and value of its newest shipwreck find and reporting back to investors.

Marine Exploration, Inc. and joint venture partner Hispaniola Ventures, LLC, headed by Burt D. Webber, Jr., expect to continue the surveys and anticipate locating and recovering historic shipwrecks with valuable artifacts and treasure. Working under exclusive contract with the Dominican Republic, the Company has plans in place to pursue multiple notable shipwrecks in Dominican Republic territorial and jurisdictional waters.

Forward-Looking Statements

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 ([ http://www.sec.gov/cgi-bin/browse-edgar?type=424B3&dateb=&owner=include&count=40&action=getcompany&CIK=0001019654 ]) 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 ].