Thursday, May 04, 2017 4:49:57 PM
During April 2017, Endurance Exploration Group, Inc. ("Endurance" or the “Company”), operating through its previously announced joint venture, Swordfish Partners (the “Joint Venture”), has located and conducted side scan and other survey activities of what the Company believes to be the remnants of an early 1800s passenger steamship located in international waters off the coast of North Carolina. (the “Wreck site”)
The Endurance joint venture, Swordfish Partners, has filed a claim in U.S. Federal Court for the Middle District of Florida requesting, pursuant to admiralty law, that the shipwreck be arrested, that the Endurance Joint Venture be appointed substitute custodian of the shipwreck and that the Endurance Joint Venture be awarded a salvage claim or title to the shipwreck and its cargo. Endurance intends to return to the site during the summer and fall months of this year to conduct additional survey, and, if warranted, salvage operations of the shipwreck and its presumed cargo of passenger valuables.
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