Business
Blue Water Ventures Reveals 2014 Marine Exploration Plan
Blue Water Ventures Reveals 2014 Marine Exploration Plan.
About this update from Blue Water Ventures International, Inc.
[{"type":"text","content":"\nST. AUGUSTINE, Fla., June 25, 2014 (GLOBE NEWSWIRE) -- Blue Water Ventures International, Inc. (OTC:BWVI) announced today that it is offering collateralized participation units in two marine exploration projects.\n\n\tBlue Water Ventures International is a leader in the marine salvage industry and was successful in recovering millions of dollars of treasure from the wreck of the Santa Margarita; a Spanish galleon lost in 1622.\n\n\tBWVI is now launching a new Project to locate and recover the cargo from specific shipwreck(s) that it believes were lost in the waters off the East coast of the United States. These target exploration projects are the result of the research that BWVI and its crew of expert archaeologists, historians, and third party contractors have uncovered.\n\n\tAnother aspect of this Project involves a side scan sonar survey to locate one or more of several high value colonial-era shipwrecks. The area chosen for this survey is based upon high quality historical research recently uncovered by BWVI historians.\n\n\t\"We've spent years developing these projects and we are excited to finally be kicking them off,\" said BWVI CEO Keith Webb.\n\n\tBWVI has begun mobilizing its personnel and equipment and is making final logistical preparations. Field operations are scheduled to begin in the third quarter of 2014.\n\n\tBWVI is offering collateralized royalty participation units in this project to accredited investors only. The offering is hosted at https://rockthepost.com/blue-water-ventures-international where investors can review the term sheet and offering documents. This is first round preliminary bridge financing and is non-dilutive to the Company's capitalization. The Company will pursue additional financing to undertake recovery efforts upon successful conclusion of our surveys.\n\n\tLink to Offering: https://rockthepost.com/blue-water-ventures-international\n\n\tAbout Blue Water Ventures International, Inc.\n\n\tWe are engaged in the business of conducting archaeologically sensitive recoveries of cargo and artifacts from various shipwrecks. Our operations to date have focused on shallow water search and recovery projects in less than 150 feet of water. We are now expanding our focus to include deep-water salvage of both historic and modern day shipwrecks.\n\n\tForward Looking Statements\n\n\tThis press release ...