SOURCE: Marine Exploration, Inc.

March 06, 2008 15:42 ET

Marine Exploration, Inc. Details Compliance With Dominican Republic Contract Requirements

MIAMI, FL--(Marketwire - March 6, 2008) - Marine Exploration, Inc., trading on the Pink Sheets under stock symbol (PINKSHEETS: MEXP), is pleased to report that it is current with all contract service fee requirements as outlined in its JV Partner's contract with the Dominican Republic. By complying with the modest service fee payments of $3,000.00 USD each month to the Dominican Republic, MEXP expects to remain in good standing. If sunken treasure is located, the Dominican Republic has committed to using Dominican Navy craft to protect the Ocean Lady survey and salvage vessel should it become necessary. Miguel Thomas Gonzalez, President of MEXP, states, "The preservation of our JV partner's relationship with the Dominican government is of the utmost importance. As a benefit to our shareholders, these actions ensure protection of any and all treasure that might be found safeguarding it from pirates and other potential non-bona fide claimants."

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