SOURCE: Marine Exploration, Inc.

November 17, 2011 08:00 ET

International Financial Pioneer Rosendo Alvarez III Appointed President of Marine Exploration

MIAMI, FL--(Marketwire - Nov 17, 2011) - Marine Exploration, Inc. (PINKSHEETS: MEXP) announces Rosendo Alvarez III has been appointed President of their Board of Directors.

Mr. Alvarezes' exemplary credentials include:

  • Founder & CEO -- Santo Domingo Securities Exchange
  • Assistant Special Advisor for Hispanic Affairs to Mayor Edward I Koch -- New York City
  • Chief Innovation Director at The Innov-E Enterprise Innovation Center, an incubation and entrepreneurship accelerator
  • Honorary Consul of Estonia in the Dominican Republic.
  • Past Dean -- Consular Corps of the Dominican Republic

"Under my stewardship the treasure salvage firm Marine Exploration is moving forward as a diversified Blue Commodities consortium excelling in research and salvage of treasured historic artifacts. We expect to be widely recognized for our underwater prospecting of polymetallic nodules and seafloor massive sulfides, and as the developer of applied maritime technology. Commodities such as gold, Ming vases, copper, and exquisite valuable pieces of jewelry abound at the bottom of the sea. The Company plans to research and identify mining opportunities and either dive on them or lease them to other salvage crews to retrieve. Marine Exploration is a valued ally to governments and academia providing needed evidence to validate and or construct their historic patrimony via the artifacts retrieved from the bottom of their territorial waters. The Company plans to be a key contributor and operator of multimedia maritime museum experiences. Our natural future expansion may include alternate ocean renewable energy generation and marine farming. The underlying pillars of the new Marine Exploration are income generation and capital appreciation for the shareholders," states Rosendo Alvarez III, President, Marine Exploration.

Marine Exploration expects rapid growth due to the changes Mr. Alvarez is putting into place. Shareholders will be updated on a timely basis.

About Marine Exploration, Inc.
Marine Exploration represents a consortium of professionals driven to achieve enduring financial success and professional fulfillment through the investment financing of lucrative treasure exploration and salvage ventures in the Caribbean Sea. Utilizing cutting-edge technology and custom equipment designed under exclusive development contracts for each specific mission, Marine Exploration is establishing a new standard for bona-fide research-based shipwreck recovery operations.

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 ( 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.

Contact Information

  • Investor Relations Contact:
    Golden Key LLC
    Paul Giarmoleo

    Media Relations Contact:
    Emerson Gerard Associates
    Jerry Jennings