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Seafarer Exploration Corp. (SFRX)

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Seafarer is an underwater salvage and exploration company. The Company is focused on the exploration of a shipwreck through its wholly owned subsidiary, Seafarer Exploration, Inc.

Seafarer Exploration, Inc. is a development stage company with the principal business objective to recover historical marine artifacts and cargo. Seafarer Exploration, Inc. is primarily focused on efforts to locate and recover artifacts and cargo from what is believed to be a sunken Spanish galleon off the coast of Juno Beach, Florida. Management believes that if artifacts and cargo are recovered, a portion of the recovered items will be in the form of treasure such as dated coins, gold, silver, and emeralds.


SFRX Security Details
Share Structure
Par Value 0.0001
Market Value1 $10,897,174 a/o Feb 18, 2014
Shares Outstanding 838,244,142 a/o Nov 12, 2013
Float Not Available
Authorized Shares 950,000,000 a/o Feb 18, 2014
Shareholders of Record 1,726 a/o Apr 12, 2012
Security Notes
  • Capital Change=shs decreased by 1 for 5 split. Pay date=06/06/2003.
  • Capital Change=Stk. Div.=10%. Ex-date=01/28/2004. Rec date=01/30/2004. Pay date=02/06/2004.
Short Selling Data
Short Interest 5,000 (100%)
Jan 15, 2013
Significant Failures to Deliver No
Transfer Agent(s)
ClearTrust, LLC

Seafarer Hires Red Letter Studios 

Seafarer crew hunting for Spanish gold off Juno Beach



Seafarer to Begin Excavation of Shipwreck Site Located Off of Lantana Beach, Florida

Jun 20, 2013 (ACCESSWIRE via COMTEX) -- Receipt of Permit from the U.S. Army Corps of Engineers and Easement Clears Way for Excavation to Begin on June 20th, 2013
TAMPA, FL June 20th, 2013 — Seafarer Exploration Corp. (OTCQB: SFRX), a company focused on the archaeology and research of historic shipwrecks, has crossed the final hurdles relating to the proposed excavation of a shipwreck site located off of Lantana Beach, FL with the recent receipt of a permit from the U.S Army Corps of Engineers and an underwater easement agreement from the Board of Trustees of the Internal Improvement Trust Fund. The permit from the U.S Army Corps of Engineers, a five-year approval ending on June 18th, 2018, represents the last step in Seafarer's quest to excavate this exciting shipwreck site and that effort will begin in earnest on June 20th, 2013.

Seafarer received an initial permit from the State of Florida for a shipwreck site located off of Lantana Beach, Florida in 2012. The site has recently been surveyed using a Geometrics 882 Cesium Vapor Magnetometer and this survey work showed compelling evidence that a large part of the ship lies buried in a relatively compacted area. Having completed phase I of the mapping survey and underwater video, Seafarer is now beginning phase II known as digging and identifying the wreck. Items found and documented on this site in past explorations by third parties suggest the wreck might be a French or Spanish ship from the late 1600s however it will require significantly more work and time to determine what is actually contained on the site.

Kyle Kennedy, CEO of Seafarer, commented, "We wish to thank all of the U.S. Army Corps of Engineers personnel, especially Melody White, who worked diligently on our permit until it was completed. With the final step in place, including the easement, we can now begin to focus our efforts on discovering the wreck site. We understand the great responsibility placed upon us and will strive to do our best and to exceed expectations."

Alexander Javorsky, captain of the Iron Maiden, stated, "We have the ship fine-tuned and operating very smoothly. We have assembled a competent, honest crew ready to work, which I am proud to be part of. The excitement of the crew is overwhelming, and we are eager to begin excavation."

About Seafarer Exploration Corp. (

Seafarer Exploration Corp. is a publicly traded underwater salvage and exploration company. 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 is attempting to secure multiple sites it believes may contain historic shipwrecks. The company will use accepted archaeological methods to properly document, research and recover portions of the wrecks.

Seafarer Receives Department Of Environmental Protection Permit

New permit is an important step in the excavation process of a shipwreck site located off of Lantana Beach Florida

TAMPA, Fla., June 5, 2013 /PRNewswire/ -- Seafarer Exploration Corp. (SFRX), a company focused on the archaeology and research of historic shipwrecks, has received an Environmental Resources Permit relating to the proposed excavation of a shipwreck site located off of Lantana Beach, FL.  The permit was issued pursuant to Part IV of Chapter 373, Florida Statutes and Title 62, Florida Administrative Code from the Florida Department of Environmental Protection (DEP) and represents an important step in Seafarer's quest to excavate this exciting shipwreck site.

Seafarer received a permit from the State of Florida for a shipwreck site located off of Lantana Beach, Florida in 2012. The site has recently been surveyed using a Geometrics 882 Cesium Vapor Magnetometer and this survey work showed compelling evidence that a large part of the ship lies buried in a relatively compacted area.  Having completed phase I of the mapping survey and underwater video, Seafarer is preparing to begin digging and identifying the wreck and the DEP permit is an important step in that process. Items found and documented on this site in past explorations by third parties suggest the wreck could be a French or Spanish ship from the late 1600s but it will require more work to determine with accuracy what is actually contained on the site.

"We are certainly happy to be one step closer to being able to explore and identify cultural material of the Lantana site" said Kyle Kennedy, CEO of Seafarer.  "I want to personally thank the hard working individuals of the DEP who thoroughly dove, investigated and processed our 2nd site, Lantana; with special thanks to Benny Luedike who advised and proactively managed all aspects of processing the permit. I also want to thank our own Joe Albert for his continual diligence and work ethic toward completion of the permit." 

Mr. Kennedy continued. "We have stayed focused on our short term goals to obtain three concurrent active sites while researching for sites four and five. We have also maintained and furthered our goals of developing long term strategic relationships with both local and foreign governments and contributing to research and education. Our crew and myself have completed hours of educational study of archaeology classes given by Dr. John de Bry, and will have continual course study into the future. We have recently completed a research trip to France with Dr. de Bry where historical research was conducted and many interesting and significant facts were discovered. Some of the research pictures can be seen on our website"

Archival research was conducted by Dr. de Bry in the archives in Dieppe and also in both the Archives Nationales and the Bibliotheque Nationale de France (BnF) in Paris. His research was divided into two sections; (1) looking for and acquiring data on the 1715 Fleet that sunk off Florida on July 31st of that year, and (2) searching for documents pertaining to the Jean Ribault Fleet of 1565 sunk north of Cape Canaveral. Both endeavors were supported by Seafarer. Dr. de Bry located several documents pertaining to the 1715 Fleet as well as one important document related to the loss of the 1565 French fleet. He is of the opinion that additional documents on the 1715 Fleet will be located at the Archivo General de Indias (AGI) in Seville, Spain and in the National Archives of Cuba located in Havana. Such manuscript documents will help Seafarer achieve a more accurate interpretation of the cultural history of the Site (Melbourne Beach Site).


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Sep 19, 2012 (MARKETWIRE via COMTEX) -- Seafarer Exploration Corp. (SFRX, Trade ), a company focused on the archaeologically-sensitive exploration and recovery of historic shipwrecks with an emphasis on recovering treasure and understanding historical events surrounding shipwrecks, announced today that the company's salvage vessel, Iron Maiden, has returned to the salvage site off Juno Beach, Florida after major repairs, maintenance and improvements. 

The Iron Maiden, a wholly owned asset of Seafarer Exploration, completed major and important renovations that will facilitate the company's salvage capabilities. The renovation was extensive and a special thanks goes to Capt. Troy and his crew who worked hard for the past several months. Capt. Troy commented, "Some of the most difficult and time consuming work was replacing the rusted hull plates. We installed new Turbo chargers which will significantly increase our engines' RPM allowing us to dig faster and deeper. We also increased our propeller size to move more water through our deflectors to dig deeper with more efficiency. We replaced the shafts to handle the heavier work load of increased RPM and larger propellers. We also installed a new 25 KW generator to allow us the ability to stay at sea for an extended period of time if necessary." 

Capt. Troy continued, "In addition we replaced the fuel injectors, rebuilt the coolant system, replaced worn electronics, replaced hoses, fabricated and replaced the exhaust system (including asbestos-free heat wraps), gutted and painted the cabins and work areas, and sand blasted the hull and painted multiple epoxy layers and painted a new red top coat. In essence the Iron Maiden is almost new again. We will now be able to more accurately and efficiently maintain the Vessel and reach our targets. I want to personally thank my crew of Alexander (Sasha), Aaron, Michael, Zack, Matthew, and Corey for their hard work, as well as a personal thanks and deep gratitude to Kyle Kennedy and the generous shareholders for making this possible." 

Mr. Kennedy, CEO of Seafarer Exploration, said, "Over the past several years we have faced numerous unforeseen challenges and have risen to each occasion as they have presented themselves. We have set precedent through our efforts which have built the infrastructure to build significant share holder value. From our endeavors, we have had the good fortune to work closely with staff of the State of Florida Division of Historical Resources and Bureau of Archaeological Research, including Division Director Robert Bendus, Bureau Chief Dr. Mary Glowacki, Program Administrator Angie Tomlinson, and Underwater Archaeologist Lindsay Smith." 

Mr. Kennedy noted, "Division and Bureau staffs have given Seafarer tremendous guidance and exceptional help in navigating the state laws and rules governing exploration and salvage of historic shipwreck sites. We are all clear on the educational value our combined efforts can bring to the State of Florida. We also understand the importance of proper archaeological sensitive work in order to preserve our historical shipwreck sites and the artifacts for our future generations. Through the leadership and educational guidance of the Division and Bureau, the State is working jointly with Seafarer and other organizations to increase the body of knowledge of historic shipwrecks, and derive economic benefit to the State and build cultural awareness." 

Mr. Kennedy concluded, "Whereas we are thrilled to get back in the water working, we are currently pursuing other projects and wreck sites. We would also like to extend an invitation to anyone who might have discovered a wreck site or something of historical importance to contact us." 



Seafarer Receives 3-Year Permit

TAMPA, Fla.--(BUSINESS WIRE)-- Seafarer Exploration Corp. (OTCBB:SFRX.ob -  News) announced today the company has received from the Division of Historical Resources a 1A-31 Recovery Permit active through April 25, 2014. The permit allows Seafarer the ability to dig and recover the designated site at Juno Beach, Florida using propwash deflectors (blowers) and dredges including other smaller specialized digging equipment for sensitive archaeological work.


Kyle Kennedy, CEO, stated: "This is fantastic. We are making history by being the first Company ever in Florida to receive a three year recovery permit. My thanks goes out to our dedicated staff and shareholders who have persevered through the battles and difficult challenges we have faced over the last year and a half. Through those adversities, we have come out stronger and better. We have targeted some areas of interest with the cesium vapor magnetometer survey which we will explore initially. We have developed relationships, which should evolve into future partnerships and/or joint ventures to create an exciting year moving forward. We have explored other sites in both the US and abroad to expand our knowledge and possible opportunities. We are being given an exciting opportunity with great responsibility to perform over the next three years. This is the single most exciting time in our Company's history. We are increasing our authorized shares to allow us the ability to capitalize our operations over time and finance future projects as they present themselves. We have now positioned ourselves to maximize our true potential. And as one of our shareholders, Jeff Vortman constantly tells me "Go for the gold", we certainly intend to." ;

Seafarer Introduces Two New Directors

TAMPA, Fla.--(BUSINESS WIRE)-- Seafarer Exploration Corp. (OTCBB:SFRX.ob - News) announces the addition of two new Board members to help guide the company into the future. R. Chip Johnson and Charles Branscum have unanimously been voted in to join the Board of Directors to fill past vacancies. Kyle Kennedy, CEO, stated: "I am very pleased to have the caliber and high professional standards of each of these successful entrepreneurs to help us build the company. Mr. Johnson has a wealth of experience in small business development and the financial markets. Mr. Branscum has the insight of management and experience with a multi-billion dollar industrial company. The diversity and independent thought each brings to the table should help Seafarer in the years to come." 

Mr. Johnson stated, "I am very excited for the opportunity to serve on Seafarer's board. With 23 years in the equities industry, including co-founding one of the largest broker dealers in Florida, and with a lifetime of maritime experience, I am looking forward to applying all my resources to this project. Having worked directly with Mr. Kennedy and his team, I have been extremely impressed with their drive and determination to succeed. Most impressive and important is the level of integrity demonstrated by every member of the company. I am proud to be part of this team and help build the fundamental structure to take Seafarer to the next level."

Mr. Branscum stated, "It pleases me, having known Mr. Kennedy over the last 30 years and seeing the successful companies he has built, to be part of something so exciting as Seafarer. To help answer the challenges a small public company constantly faces can be a very rewarding experience. I look forward to using my background and experience to help build shareholder value."

Seafarer Awarded $5 Million Defamation Verdict

TAMPA, Fla.--(BUSINESS WIRE)-- Seafarer Exploration Corp. (OTCBB:SFRX.ob - News) announced a Hillsborough County Jury rendered a verdict on April 5th 2011 at 4:45 pm in favor of Seafarer for $5,080,000.00 in compensatory damages. After two days of evidence had been presented in court, a jury determined that hundreds of on line posts written by Sean Murphy under the screen name of "Floridatreasurecapt" were false and caused a decrease in market price. Seafarer believes collecting any or all of the damages will be difficult to do, but will continue to try to collect until paid in full. 

One of the Board Directors for Seafarer, Pelle Ojasu, stated, "We are pleased with the verdict rendered by the jury and I am very happy our CEO maintained his vigilance to prosecute those who would maliciously hurt the Company and its' personnel through relentless false postings over the last year. Now that the truth has finally come out, we can continue our focus on building shareholder value and executing our business plan." Lead trial attorney, Craig A. Huffman stated, "Mr. Murphy is going to be an example of what should happen to people who sit behind screen names and negatively, falsely, impinge the lives of people and of good companies. We are not done with him yet. This will set a precedent for small market companies to fight back." Co-counsel, David Chalela, stated, "We and our client are weighing the approach to take toward punitive damages in this case to dissuade others from doing this." ;





DD on the Company :



Investor Relations Contact:


Kyle Kennedy, CEO
14497 N. Dale Mabry
Suite 209 N
Tampa, FL 33618
Phone: (813) 448-3577
Fax: (813) 749-9426


Transfer Agent:


ClearTrust, LLC

16540 Pointe Village Dr., Suite 201

Lutz, Fl. 33558
Phone: 813-235-4490
Fax: 813-388-4549


Accell, P.A.
2011 W. Cleveland St., Suite A
Tampa, FL  33606
Phone: (866) 683-2727
Fax: (813) 864-0334 



Legal Counsel:

Williams-Schifino P.A.
One Tampa City Center
Suite 3200
Tampa, Fl. 33602
Phone: 813-221-2626
Fax: 813-221-7335

Logan Law Firm
Ron Logan
2999 North 44th Street
Suite 303
Phoenix, Az. 85018-7250
Phone: 602-957-9320 ext. 130
Fax: 602-532-7694


Perry & Neblett

David Avellar Neblett

2550 South Bayshore Drive

Suite 11

Miami, FL. 33133

Phone: 305-856-8408

Fax: 305-856-8409

Stock Quote:
Quotes are available by directing your browser to:


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Current Price
Bid Ask Day's Range
SFRX News: Seafarer Receives 5 Year Easement and DWAC Eligibility 12/23/2013 09:00:00 AM
SFRX News: Seafarer Receives Two-year Extension of Corps Permit 10/29/2013 09:00:00 AM
SFRX News: Seafarer Receives Two-year Extension of Corps Permit 10/29/2013 09:00:00 AM
#27373  Sticky Note May be Caped. Surly he has a copy capted 02/25/14 01:40:57 PM
#28847   Well I know a good bottom play when umiak 04/17/14 12:06:30 PM
#28846   You "reap" what you sow...u can buy it Full Throttle 04/17/14 11:10:20 AM
#28845   Sing Fat Lady Sing! F-15-Retired 04/17/14 12:21:27 AM
#28844   I would never "chase" a diluting POS like SFRX. reaper247 04/17/14 12:05:33 AM
#28843   That is an undeniable fact. :) Full Throttle 04/16/14 11:03:33 PM
#28842   I call it DD. Southern Gal 04/16/14 10:48:26 PM
#28840   The DEP and corps do not automatically renew Full Throttle 04/16/14 10:29:27 PM
#28839   It's an APPLICATION for a renewal. eom Southern Gal 04/16/14 10:16:15 PM
#28838   Get ready to play "chase it up" :) Full Throttle 04/16/14 10:13:16 PM
#28837   Reads and stamped "DEP" and sending copy to Full Throttle 04/16/14 10:10:09 PM
#28836  Restored SFRX. I didn’t like it before the reaper247 04/16/14 10:07:52 PM
#28835   I believe what I read Southern Gal 04/16/14 10:02:41 PM
#28834   I believe these documents pertain to DEP and Full Throttle 04/16/14 08:03:43 PM
#28833   I had the same thought. passthegravy 04/16/14 05:22:50 PM
#28832   UNTIL THAT IS THAT IT NEEDS CORRECTING AND Southern Gal 04/16/14 03:45:41 PM
#28831   Not so far, it seems. BISerNOMORE 04/16/14 03:42:37 PM
#28830   Something with significant financial value that will make Southern Gal 04/16/14 03:40:03 PM
#28829   Like the groups before - Nothing? BISerNOMORE 04/16/14 03:36:11 PM
#28828   Appears the light hope now flickers for a Raider21 04/16/14 03:32:19 PM
#28827   I am so glad you found this Southern Gal 04/16/14 02:23:54 PM
#28826   I am so glad you found this....can you lindy1401 04/16/14 01:07:03 PM
#28825  Restored BINGO SFRX TODAY IS THE DAY! BISerNOMORE 04/16/14 01:01:04 PM
#28824   BINGO SFRX TODAY IS THE DAY! BISerNOMORE 04/16/14 12:58:53 PM
#28823   Just thinking out loud here but it crossed gr8upside 04/16/14 12:33:47 PM
#28822   Nice find, SG. basserdan 04/16/14 11:34:26 AM
#28821   Well I guess there isn't much we can lovethatgreen 04/16/14 11:19:05 AM
#28820   Looks like we just doubled up the real estate Southern Gal 04/16/14 11:10:49 AM
#28819   Looks like we just doubled up the real lovethatgreen 04/16/14 11:03:49 AM
#28817   Thanks LTG. reaper247 04/16/14 02:07:13 AM
#28815   Known that an application was submitted before Heartland Southern Gal 04/15/14 10:56:45 PM
#28814   Some would need proof....others have simply known. The gr8upside 04/15/14 10:55:27 PM
#28813   I'm more than ready too. The fat lady gr8upside 04/15/14 10:52:29 PM
#28812   Now that there's proof of a received application, Southern Gal 04/15/14 10:13:19 PM
#28811   It seems periodic checking on Oculus was worthwhile Southern Gal 04/15/14 09:53:59 PM
#28810   Its comical..... lovethatgreen 04/15/14 09:41:22 PM
#28809   Hmmm That does say ARTIFACT RECOVERY, does it not? sctts 04/15/14 09:36:52 PM
#28808   Plotted coordinates Southern Gal 04/15/14 09:35:45 PM
#28807   By permit, I meant permit application was received/recorded yesterday. Southern Gal 04/15/14 09:19:24 PM
#28806   Stop teasing us on that! Ready for F-15-Retired 04/15/14 09:16:13 PM
#28805   I thought the PDF was empty Southern Gal 04/15/14 09:03:41 PM
#28804   I keep soakin up the guppy bid whacks... lovethatgreen 04/15/14 06:03:41 PM
#28803   Permit by the end of April. "By" the gr8upside 04/15/14 05:42:26 PM
#28802   OCULUS UPDATE Southern Gal 04/15/14 04:53:39 PM
#28801   "That Neo, is the sound of inevitability" Mr. Smith. Full Throttle 04/15/14 01:31:30 PM
#28800   Well said and understandable. Kind of like the Bridge Jumper 04/15/14 01:24:04 PM
#28799   I'm lurking and check in from time to mbumpt 04/15/14 01:14:39 PM
#28798   Long time no see MB, nice to see Bridge Jumper 04/15/14 12:59:38 PM
#28797   NUFF SAID....put up or shut up...agree....permit or a NEXTMONTH 04/15/14 12:53:24 PM
#28795   :) I like that even better :) Full Throttle 04/15/14 12:42:39 PM
#28794   imo we are simply waiting on a signature. gr8upside 04/15/14 12:30:58 PM