Sea Treasure Recovery Corp. Acquired by Public Company
August 27 2013 - 9:28AM
Marketwired
J.D. Hutt Corp. (PINKSHEETS: JABA) announced today the acquisition
of Sea Treasure Recovery Corp., a company focused on shallow water
salvage of sea treasure off Florida's Treasure Coast. The mystery
and excitement of looking for sunken treasure has been fascinating
but a pipe dream. Now, with the use of modern technology, it has
become a viable business with potential profits in the millions.
The company plans to focus its initial operations on shallow water
recovery, which is less capital intensive than the deep sea
recovery, such as Odyssey Marine Exploration's discovery last month
of $210 million in silver in the North Atlantic.
Sea Treasure plans to focus on Florida, because of the many
ships that have gone down in her waters in the past four centuries,
mainly due to hurricanes. The majority of these ships were Spanish
galleons, carrying silver and gold back to Spain from the New
World. Many gold doubloons and pieces-of-eight have been found, the
last find of which was 48 gold coins valued at $250,000 several
hundred feet offshore, which are believed to be a small portion of
the payload from a fleet of 11 Spanish galleons that went down in
1715. The famous treasure hunter, Mel Fisher, found $400 million in
gold coins and treasure from a Spanish galleon that sunk in 1622
off the Florida Keys.
"We are excited about the acquisition for the exposure it will
give us to the capital markets," said Scott Pummill, CEO.
Forward-Looking Statements:
This release includes forward-looking statements concerning the
future performance of our business, its operations and its
financial performance and condition, and also includes selected
operating results presented without the context of accompanying
financial results. These statements include statements with respect
to our objectives and strategies to achieve those objectives, as
well our beliefs, plans, expectations, anticipations, estimates or
intentions. We caution that all forward-looking information is
inherently uncertain and actual results may differ materially from
the assumptions, estimates or expectations reflected
forward-looking information, and that actual future performance
will be affected by a number of factors, including economic
conditions, technological change, regulatory change and competitive
factors, many of which are beyond our control.
Contact: Sea Treasure Recovery Corp. 7324 Commercial Circle
Ft. Pierce, FL 34951 888-449-5558 Scott Pummill CEO Email
Contact www.seatreasure.org
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