October 16, 2018 -Jacksonville, Florida – Blue Water Ventures International, Inc. (OTCPK:BWVI) and project partner Endurance Exploration Group, Inc (OTC:EXPL) have reached an agreement that will extend the Pulaski Joint Venture through 2020.
This extension will allow the parties to plan and schedule additional vessels and equipment needed to complete the salvage of this shipwreck. Blue Water has committed to make best efforts to acquire a larger vessel that will be a state-of-the-art platform and base of operations for working in the depths of water these unique shipwrecks lie in. Keith Webb of Blue Water Ventures states “With the amount of material recovered, we’ve only scratched the surface of the Pulaski recovery. A thorough archaeological study along with recovery operations will require at least two years to complete.”
About Blue Water Ventures International, Inc.:
The Company is engaged in the business of conducting archaeologically-sensitive recoveries of cargo and artifacts from shipwrecks. Its operations to date have focused on shallow water search and recovery projects in less than 150 feet of water. The Company is now expanding its focus to include deep-water salvage of historic and modern-day shipwrecks. For more information go to http://www.bwvint.com
About Endurance Exploration Group, Inc.:
Endurance Exploration Group, Inc. specializes in historic shipwreck research, subsea search, survey and recovery of lost ship containing valuable cargoes. Over the last 5 years, Endurance has developed a research database of over 1,400 ships that are known to be lost with valuable cargoes in the world oceans. For more information go to http://www.expl.com.
Forward Looking Statements:
This press release contains forward-looking statements within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. Such forward-looking statements are subject to certain risks and uncertainties including, but not limited to: ability to further strengthen our balance sheet, ability to raise funding for continued operations, ability to successfully and profitably locate additional wrecks and cargo, ability to establish ownership, and other factors. Therefore, actual results may differ materially from those indicated or implied by such forward-looking statements. Except as required by law, the Company disclaims any obligation to publicly update such statements.
Blue Water Ventures International, Inc.
Endurance Exploration Group, Inc.