SOURCE: Marine Exploration, Inc.

February 29, 2008 07:30 ET

Marine Exploration, Inc. (MEXP) Details Its Joint Venture Partner's State of the Art Contracting and Use of Specially Commissioned Aerial Mosaics in Its Survey for Targeted Treasure Bearing Sunken Vessels

MIAMI, FL--(Marketwire - February 29, 2008) - Marine Explorationn Inc., trading on the Pink Sheets under stock symbol MEXP (PINKSHEETS: MEXP), is pleased to report that its Joint Venture Partner, Hispaniola Ventures, LLC, contracted directly with Spectrum in Florida to produce and deliver a state of the art aerial mosaic of the reefs where research indicates an English Corsair and its treasure is believed to lie. The mosaics, developed from precision GPS navigation controlled aerial photography in high resolution color, will allow Burt Webber and his team of marine explorers to carry out their magnetometer surveys with the highest degree of accuracy.

To the best of our knowledge, this is the first time an aerial mosaic of this area has ever been produced and it is just one example of the highest in twenty-first century technical protocols that MEXP, through its joint venture partner, has engaged to ensure its investors superior advantage.

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