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Tuesday, November 02, 2010 1:00:49 PM
Seafarer Exploration Corporation, a Delaware Corporation, was incorporated on May 28, 2003. The Company formerly operated under the name Organetix, Inc. On July 17, 2008, the Company changed its name from Organetix, Inc. to Seafarer Exploration Corp. The Company's main business plan is to develop the infrastructure to engage in the archaeologically-sensitive exploration and recovery of historic shipwrecks. The exploration and recovery of historic shipwrecks is by nature extremely speculative, and there is a very high degree of risk inherent in this type of business venture. The exploration and recovery of historic shipwrecks involves a multi-year, multi stage process and it may take several years and/or be prohibitively expensive to locate and recover valuable artifacts, if any are located at all, from historic shipwreck sites. There are very strict international, federal and state laws that govern the exploration and recovery of historic shipwrecks.
Here is the link for this information so that all can verify my posting and facts;
http://www.answers.com/topic/seafarer-exploration-corp
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