Endurance Exploration Group Inc (EXPL)

[buccaneer1961]

– In late 2013, Endurance secured a three-year governmental contract from an East African nation granting Endurance Exploration Group permission to search for and recover the “Black Marlin”, a 17th century colonial-era trading vessel lost in the territorial waters of an island nation located in the Indian Ocean. Based upon Endurance research and evaluation of the available historical record, Endurance believes “Black Marlin” was carrying a sizable cargo of silver coinage and bullion for trade in the Far East. The governmental contract also grants Endurance rights to search for and recover secondary shipwreck targets in this country’s territorial waters, and Endurance has begun research on two potential secondary targets called “Dolphin” and “Wahoo”.

The Company’s CEO, Micah J. Eldred commented, “establishing Endurance as a publicly traded company sets the foundation for the next phase in this Company’s life. The public quotation will provide the Company with more financing options in the future that can support the Company’s movement into deeper water, more complex, and more potentially rewarding salvage projects.”