CORAL GABLES, Fla., April 10, 2013 /PRNewswire/ -- Marine Exploration Inc. (OTC PINK: MEXP) today announced the execution of a letter of intent for an initial $1 million investment from a strategic investor with additional investment funds anticipated to follow. The purpose of the investment is to fund a new high growth niche opportunity within a fragmented and underserved market sector of North America. Marine Exploration, which has made efforts over the last year to diversify for the benefit of shareholders by making forays into different business arenas, will continue to deliver marine salvage services in the Dominican Republic. However, the Company shall now redirect its primary diversification focus toward the introduction of offshore contract manufacturing for North American small and medium business clients. The lower cost manufacturing resources within industrialized emerging markets such as China are more often than not only available to large companies. With the initial infusion of capital from its strategic investor, Marine Exploration will begin making low cost, offshore contract manufacturing services available to the North American small and medium business market. The Company will utilize the $1 million investment to finance select client's offshore contract manufacturing projects. After refining the offshore contract manufacturing process through the first few client experiences, the Company and its strategic financing partner intend to rapidly expand capacity targeting the one hundred thousand to one million-dollar contract manufacturing market segment. This new business plan does not include a shareholder change of control. The contemplated strategic investment is anticipated to be executed as a debt transaction without any near term issue of new common stock. Marine Exploration is not contemplating a near term recapitalization of the common stock of the company at this time. The controlling shareholders are contemplating the introduction of new management and directors in addition to a possible name change which was referenced in previous press statements. The new business plan and investment announced today have been under development for several months and the signing of an initial offshore contract manufacturing client is anticipated promptly. www.usmarineexploration.com InternetArray in Business Combination Discussions 12/19/2012 11:03:00 AM--Announces Major Restructuring of Senior Debt -Significant Gain Realized for 2012- NEW YORK, Dec. 19, 2012 /PRNewswire via COMTEX/ -- InternetArray, Inc., (INAR), has completed a major debt restructuring, paving the way for the Company's future growth. Holders of Senior Debt have agreed to waive payment of nearly 50% of Senior Debt obligations and associated accrued interest totaling approximately $2,000,000. This obligation has been on the Company's books since 1996 and its elimination creates a gain for 2012. Further, based upon meeting future performance milestones in 2013, the Debt holders have agreed to additional debt elimination. Now that the major part of the debt is cleared, InternetArray is positioned to expand, enter into new business ventures and partnerships that have global reach, holding significant prospects for the Company. The company has been in contact with the management of Marine Exploration Inc. (MEXP) regarding a possible joint venture or merger. Further, this potential combination is interested in utilizing the healthcare product manufacturing technology and expertise of Healthnostics, Inc., (HNSS) for a humanitarian-based commercial project. We will be initiating a LOI to review the combination of the companies and their collective intellectual properties.
Marine Exploration Updates Restructure for Revenue Expansion
CORAL GABLES, Fla., Sept. 28, 2012 (GLOBE NEWSWIRE) -- Marine Exploration, Inc. (OTC:MEXP): Marine Exploration, Inc., in its continued pursuit of additional growth and diversification, advises its shareholders that it is increasing its Authorized shares by 2,250,000,000 in order to bring on revenue expanding opportunities in its continued efforts to increase revenue for the benefit of the Company's shareholders.
Company CEO Mark Goldberg reiterated the information published by the Company on September 19, 2012 that Marine Exploration is in its final stages of restructuring its authorized common shares, as specifically disclosed above, which will allow its growth with existing and future projects, both international and domestic, which are currently being considered by the Board of Directors in consultation with industry professionals. This is intended to be accomplished primarily through the use of restricted shares and limited partnerships. There are no imminent plans for a reverse split of the Company's stock.
Atmospheric Water Solution (AWS) Receives Order for 3,000 Machines Yielding Over $3,200,000 in Revenues
Marine Exploration Updates Dominican Operations Marine Exploration and Innov-E Foundation Dive for Museum at Ocean World
SANTO DOMINGO, Dominican Republic, Sept. 19, 2012 (GLOBE NEWSWIRE) -- Marine Exploration, Inc. (Pink Sheets:MEXP): Marine Exploration, Inc. is pleased to announce the new Dominican Government Administration decision to bring up for international bidding, the administration and development of the Manzanillo Port on the northern coast of the island, close to the border with Haiti, and rated as the port with the deepest approach in the country. Marine Exploration announces that it will endeavor to coordinate interest of one of the largest international port operators from south east Asia to pursue partnership for this administration and development project.Rosendo Alvarez III, President of the Board of Marine Exploration, Inc., stated that "the Manzanillo port is an essential piece of the binational development trade zone strategy which the new government, headed by President Danilo Medina, seeks to implement with President Michel Martelly of Haiti, in an effort to generate jobs and prosperity which should have a positive impact on the immigration issues facing both neighboring countries." Marine Exploration also intends to undergo a slight name change in the coming weeks to better position itself in line with its expanded prospects, including the Manzanillo port as well as its treasure survey and atmospheric water projects.
In a follow up of the progress of the due diligence process connected to the acquisition of Isabel Villas Club and Marina in the capital city of Santo Domingo, Andrew H.S. Leung, President of Isabel Villas Golf and Country Club, on visit from Hong Kong, indicated that the new authorities at the Ministry of Environment showed promise to speed up the approval process which had been slowed down for the Presidential elections campaign.Marine Exploration is in its final stages of restructuring its authorized common shares which will allow its growth with existing and future projects, both international and domestic, which are currently being considered by the Board of Directors in consultation with industry professionals. This is intended to be accomplished primarily through the use of restricted shares. The Company is also analyzing parameters for the re-purchase of shares in the open market with the goal to retire said shares back to treasury.
CORAL GABLES, Fla., June 7, 2012 (GLOBE NEWSWIRE) -- The edutainment division of Marine Exploration, Inc. (Pink Sheets:MEXP) has joined efforts with the Innov-E Foundation, a non-governmental research and development institution, to set up the largest maritime and pirate museum in the north coast of the Dominican Republic in collaboration with Ocean World Park, Marina and Casino in Puerto Plata (http://www.oceanworld.net). Marine Exploration (MEXP) Announces Attendance at Governor's Hurricane Conference and Reports Major Military Symposium Delivered Tangible Results
To that end, various historic artifacts are being recovered and collected, said Mark Goldberg, CEO and Rosendo Alvarez III, President of of Marine Exploration Inc.After various meetings and diving reconnaissance expeditions with Fernandez & Pereyra, administrators of Ocean World Marina, it is of common interest to develop the biggest and most complete museum in the north coast within the premises of Ocean World.
Ocean World boasts the infrastructure for MEXP fitting an international state-of-the-art maritime museum dedicated mostly to shipwreck, pirates and colonial history. "We are very excited with the idea of developing a museum in a joint effort with Marine Exploration Inc.," said Jorge Fernandez and Jean Pereyra, Managers of Ocean World Marina.
"This joint effort is another positive step in the concretion of MEXP income diversification strategy. We are very proud of our long standing association with Ocean World Marina," said Mark Goldberg, CEO of MEXP (www.usmarineexploration.com).
CORAL GABLES, Fla., May 17, 2012 (GLOBE NEWSWIRE) -- Marine Exploration, Inc. (OTC PINKS:MEXP) CEO Mark Goldberg is pleased to announce that its wholly owned Subsidiary Atmospheric Water Solutions, Inc.'s (AWS) attendance at the Panama City Symposium on May 9th was an unqualified success. Howard Ullman, CEO of AWS, commented, "We have already received our first product order from the Symposium and we are excited to report that we have been officially invited to join the GSA (General Services Administration) as an official Vendor; indeed, this process is already underway. Positioning our Company as an official GSA Vendor will allow us to fulfill all military and military-related orders and we will not be required to participate in any lengthy contract bidding."Additionally, Marine Exploration is pleased to announce that AWS is currently exhibiting and taking orders at the Governor's Hurricane Conference in Ft. Lauderdale, Florida. This Conference is well attended by Federal, State and County representatives as well as private industry and volunteer agencies. "Our Atmospheric Water Generators are especially suited for use by first responders and we believe that our units will have an important role to play in post-disaster relief efforts such as the ones that this Conference's invitees are tasked to prepare for," said Goldberg.
Marine Exploration to Present Atmospheric Water Generators at Major Military Symposium CORAL GABLES, Fla., May 8, 2012 (GLOBE NEWSWIRE) -- Marine Exploration, Inc. (Pink Sheets:MEXP) CEO Mark Goldberg is pleased to announce that its wholly owned Subsidiary Atmospheric Water Solutions, Inc. (AWS), will be officially presenting at the invitation-only Panama City Symposium in Panama City, Florida on Wednesday. "This Event will give AWS the ability to present our patented proprietary water making technology on May 9th to over two hundred fifty (250) prime Defense Contractors, Sr. Army, Air Force and Navy personnel," stated Howard Ullman CEO of AWS. Added MEXP CEO Mark Goldberg and president Rosendo Alvarez III, "In addition to our already established home and office uses for our Atmospheric Water technology, our products are perfectly suited for Military application. Regardless of their theater of deployment, our Troops are always in need of fresh water. The ability to generate pure water from the air, with no need for plumbing, is critical in the field. Additionally, the use of our products will serve to eliminate concerns over getting fresh water where it is needed in the event of the supply-line interruptions that often occur in both combat and non-combat scenarios."In addition to presenting our latest technology, AWS will be unveiling their Eco-friendly line of Solar Powered and Battery Powered Water Making Systems. "This is a very exciting time for AWS and MEXP; we are creating water from air and from the power of the sun! This is true Green Technology," stated Ullman.
In addition to the current revenue generating AWS platform, Marine Exploration also continues to pursue its exploration opportunities in and around the Dominican Republic and has moved into the second phase of due diligence with regard to its Letter of Intent with the Isabel Villas Golf, Country Club and Marina. The Company's websites can be viewed at: www.usmarineexploration.com; www.atmosphericwatersolutions.com
Marine Exploration Acquires Atmospheric Water Solutions; Adds Revenues and Enhances Management Team
CORAL GABLES, FL--(Marketwire -05/02/12)- Marine Exploration, Inc. (MEXP.PK - News) CEO Mark Goldberg announces the Company has acquired Atmospheric Water Solutions, Inc. (AWS). The acquisition includes proprietary water making technology, inventory, and a distribution center. Atmospheric Water Solutions uses its licensed and patented atmospheric water generator (AWG) technology to produce pure water from the air. Atmospheric Water Solution's products will immediately generate revenue for Marine Exploration as the Company enhances its growth strategy. AWS is preparing to present its line of atmospheric water generators at several upcoming conferences in May. Based on relative humidity of 30% or more, the Atmospheric Generators are capable of producing 3-5 gallons per day for the home or office, up to 1000 gallons as a mobile unit, and up to 5000 gallons of pure clinical grade water as a plant-based operation. These products, which are currently being marketed and sold, will also be rolled out for preview to the armed forces, emergency relief agencies such as FEMA, school systems and both large and small businesses, commencing in May. www.atmosphericwatersolutions.com Marine Exploration CEO Mark Goldberg says, "AWS, now our fully owned subsidiary, will be run by its current CEO Howard Ullman who holds the patents on the technology. Ullman served as the CEO, President and Chairman of the Board at CHDT Corp. where he grew sales for the Company from $720,000 to more than $10 million under his leadership." Goldberg continues, "This acquisition of AWS enhances our previous disclosed business model to increase the shareholder value of Marine Exploration, Inc. through industry-related diversification. We've been actively searching for acquisitions that fit into our new core business model that can add further revenue and earnings growth. As an added benefit we are very fortunate to welcome Howard Ullman, and his 30 years' experience in both the consumer products and the public markets, into the Company's management team." After completing the acquisition, AWS CEO Howard Ullman said, "I am pleased to join the strong management team at Marine Exploration. After many offers and careful consideration, I view this marriage as the perfect fit given Marine's well versed Board of Directors, management and international diplomatic associations. Given both companies are based in Florida, and Marine has a huge presence in the Caribbean and other humid regions, this will prove to be an ideal 'target market' for our patented technology." AWS offers cutting edge solutions for homes, and commercial businesses, and bottling operations by manufacturing pure drinking water from the air using the process of condensation, filtration, and ultraviolet light resulting in the purest water. The water comes from the humidity in the air where, unlike ground or spring water, there are no heavy metals such as uranium, barium, lead or chlorine, which is just part of the blend found, for instance, on the water report for the City of Sunrise, Florida. Any other pollutants found in the air we breathe enter into these machines and go through multiple filters and ultraviolet lights delivering the freshest tasting clean water which tests significantly below the standard parts per million of tap or bottled water. Along with its partners, the Company intends to legally enforce its proprietary rights on existing products, especially as it rolls out new technologies in coming months, like its 100% solar solution to produce up to 100 gallons of pure water per day. Investors may view the Company's website at www.atmosphericwatersolutions.com where you can find information and videos on the products. AWS is currently reviewing requests for additional domestic and international distributorships. Product sales figures and revenues shall be forthcoming.
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