Blue Water Ventures Int'l Inc (BWVI)

[hedge_fun]

BAM.....EXPL got another wreck. Hopefully the business relationship with BWVI will expand.

On July 24, 2018, Endurance Exploration Group, Inc. (“Endurance” or the “Company”), operating through its previously announced joint venture, Swordfish Partners (the “Joint Venture”), initiated an admiralty action In the United States District Court for the Middle District of Florida (the “Court”) under case number 8:18-cv-1808-T-33SPF, against what the Company believes is the S.S. North Carolina (the “Vessel”), her hull, cargo, tackle, boilers, machinery and appurtenances, seeking to become the substitute custodian, replacing its joint venture partner, Deep Blue Exploration, LLC, doing business as Marex (“Marex”), a Tennessee limited liability company, in its role as custodian. The Vessel is located approximately 18 nautical miles east of Myrtle Beach, South Carolina.


The Company wishes to announce that on August 22, 2018, the Court entered an Order Appointing Substitute Custodian, finding that the Joint Venture was duly qualified to serve as substitute custodian of the artifacts and objects recovered from the S.S. North Carolina, and directing the United States Marshal for the Middle District of Florida to surrender possession of the vessel to the Joint Venture. The Court reserved jurisdiction for future orders relating to the sale of the salvaged artifacts and objects.


Additional information, including video and sonar imagery will be posted to the Company’s website and Facebook page in the coming weeks.