In Ovations Holdings Inc. (INOH)

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Marine Exploration Will Not Face Same Court Entanglements That Odyssey Marine Encountered Regarding Ownership Of Treasure Discovery

MIAMI, Dec 24, 2009 (BUSINESS WIRE) -- Yesterday, a U.S. district judge ruled that Odyssey Marine Exploration should return to Spain a fortune in old coins recovered from the wreck of a 19th-century Spanish warship.

Marine Exploration, Inc. (OTCBB: MEXP) announces it will not face the same court entanglements since the Company and its joint venture partner Hispaniola Ventures, LLC are salvaging wrecks in Dominican Republic jurisdictional waters under an exclusive host country contract with the Dominican Republic. The Dominican Republic retains all rights to any ships found in its jurisdictional territorial waters thus Marine Exploration and its joint venture partner Hispaniola Ventures, LLC are insulated from all claims by any foreign countries.

The 103 artifacts including silver coins, gold, pearl and diamond jewelry that have already been pulled up from the 1700s wreck the Company is currently working are legally protected according and based on a pre-determined division with the Dominican Republic.

Marine Exploration announced in September that the Dominican Republic had extended the Company's "in-country" contract for an additional 2 years expanding the contracted search area into waters that are of high interest to Marine Exploration. The Company's believes its chances of finding many treasure-bearing shipwrecks have risen significantly with the signing of that contract.

About Marine Exploration

Marine Exploration, Inc. and joint venture partner Hispaniola Ventures, LLC, headed by Burt D. Webber, Jr., plan to continue the shipwreck site survey and salvage and anticipates locating and recovering additional historic shipwrecks with valuable artifacts and treasure. Working under exclusive contract with the Dominican Republic, the Company has plans in place to pursue multiple notable shipwrecks in Dominican Republic territorial and jurisdictional waters. http://www.mexp.biz/

Forward-Looking Statements

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995.

Prospective investors are cautioned (http://www.sec.gov/cgi-bin/browse-edgar?type=424B3&dateb=&owner=include&count=40&action=getcompany&CIK=0001019654) that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. To see our website, go to http://www.mexp.biz.

SOURCE: Marine Exploration, Inc.

CONTACT:

Emerson Gerard Associates Jerry Jennings, 561-881-7318 [e-mail]

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