SOURCE: Marine Exploration, Inc.

March 03, 2008 06:30 ET

Marine Exploration, Inc. (MEXP) Has Purchased Two Specialized Work Boats for Survey in the South Atlantic

MIAMI, FL--(Marketwire - March 3, 2008) - Marine Exploration, Inc., trading on the Pink Sheets under stock symbol (PINKSHEETS: MEXP), has purchased two state-of-the-art Avon Work boats for use in its Dominican Republic expeditions. The work boats meet the exact specifications of Joint Venture Partner, Hispaniola Ventures' Burt D. Webber, Jr. To expedite the surveys, the plan is to use the 7-ton crane to launch the boats from the main exploration vessel then employ the one-of-a-kind Magnetometers from the work boats sending data back to Mr. Webber on the main vessel. Webber states, "The 21st century technology that we are now able to utilize is intended to cut down on survey time. We expect incredible accuracy from the technology onboard."

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