Dear Member,
Timing couldn't be any better for you regarding (BLIS). You're one of the very first people to get in front of gigantic news that came out Friday.
They are preparing to secure a claim on a recovery. This could be an enormous catalyst to send shares potentially flying!
Treasure & Shipwreck Recovery Announces Shipwreck Artifact Recovery, Plans to Secure Claim
ST. PETERSBURG, Fla., Dec. 13, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – Treasure & Shipwreck Recovery, Inc. (“TSR” or “the Company”), currently trading on the OTC as BLIS, announces that it has successfully recovered artifacts from its initial dives on the previous scanned areas, including what is believed to be the boundaries of a suspected 17th century shipwreck.
Among items identified was a cannon from the period and an anchor, which was recovered, along with other items. The Company used the recently announced purchased data to make the finds on initial dives. The identity of the vessel will be worked on as the area is further searched and targets explored.
“What is significant is that we believe the cannon and anchor, due to their positioning along with other material, are in an area that could contain a colonial period wreck. The discovery was made off the east coast of Florida, outside of state waters, so, therefore, we intend to file an admiralty claim off established coordinates from the surveys we purchased just last month,” stated Craig A. Huffman, acting CEO of TSR. “The coordinates and surveys we gained are having immediate dividends and narrowing down areas that can be further searched, artifacts and cargoes gained and, ultimately, claimed, from historic shipwrecks and their cargoes.”
The Company intends as its short-term goal to keep working such targets, while it also prepares for a larger expedition with several strategic partners to an area of the Caribbean with known historical valuable shipwrecks, which it hopes to announce in the near future.
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Treasure & Shipwreck Recovery, Inc. (Ticker Symbol:BLIS) conducts shipwreck and treasure recovery from shallow shipwreck finds in the Caribbean and North America. We are beginning first expeditions around Florida, and primary sites of Cape Romain, South Carolina and targeted Caribbean sites. Our business plan and current capabilities uses certain exploration, survey and recovery techniques using innovative methods and state-of-the-art technology to provide access to known wreck site areas. Our core focus is the discovery and recovery of valuable artifacts and treasure from researched sites and shipwrecks.
We intend to expand into media projects for other matters in games, television and sales of artifacts using our web development methods and expertise. We have our own and partnered vessels to use on our multiple shipwreck sites. Currently we are operating under the supervision of world-renowned marine historian and archaeologist, Dr. E. Lee Spence.
More About Dr. E. Lee Spence From Treasure & Shipwreck Recovery, Inc.
Spurred on by childhood tales of pirates and adventure, Dr. E. Lee Spence, built his own diving gear and found his first shipwrecks the year he was twelve. That was 1959-1960. He has since found hundreds more wrecks and has worked on everything from Spanish galleons and pirate ships to Civil War blockade runners and twentieth century freighters. He remembers the exciting dreams of his youth and is still making them come true.
One of those dreams was eating off the dinner plates and drinking wine recovered from the shipwrecks. Another was finding gold and silver coins, cannons and swords. He has lived all of those and lots more.
Vice magazine described Spence as “a pioneer in the field of underwater archaeology, a world-renowned treasure hunter, and just about as close to an actual living, breathing Nathan Drake (in the Uncharted gaming series) as you’re ever going to find.” Some think he is the “real Dirk Pitt” (the protagonist of the Clive Cussler novels), while others refer to him as the “Indiana Jones of the Sea.”
Somewhere in the waters off the Florida coast, an estimated $250 million in silver bars and coins is waiting for Dr. E. Lee Spence & the Treasure & Shipwreck Recovery, Inc. team.
An Ocean Of Lost Ships Could Potentially Bring Huge Revenue To BLIS
Unesco estimates that there are over 3 million shipwrecks on ocean floors world-wide. It’s difficult to know what they might all be worth given the range of available historical information, differing opinions of items’ historical and financial value, and the likelihood that many are unsalvageable or largely unentertaining.
A 2012 Popular Mechanics article published a range of theoretical values — from “unknowable” on one end to perhaps $60 billion on the other.
Still, the Caribbean and U.S. coasts are hot spots for treasure seekers, largely because their popularity with the Spanish fleets of several hundred years ago: Spain was among the few global powers hundreds of years able to ship silver and gold back from the New World.
When a shipwreck is located in U.S. waters, the finder needs to file an admiralty claim and secure rights to search the area. The U.S. Abandoned Shipwrecks Act was passed in 1987 to protect wrecks from treasure hunters and salvagers by transferring titles to state waters.
Globally, “governments are becoming more aggressive about going after their share of the booty,” said Ted Shinkle, who specializes in maritime law at GrayRobinson, in Melbourne, Fla. “That, in turn, has caused salvage companies to target wrecks beyond jurisdictional waters. They have a lot better chance of claiming on the high seas.”
Even in international waters, found treasure must be reported and there is always a chance that the country of origin will stake a claim. Some $500 million in gold and silver coins found off the coast of Portugal in the wreck of Nuestra Señora de las Mercedes by American salvage company Odyssey Marine Exploration in 2012 was returned to Spain after years of litigation.
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