SOURCE: IO Circuit

June 21, 2013 07:45 ET

Seafarer (OTCQB: SFRX) Receives 5-Year Approval to Excavate Shipwreck Site

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO CIRCUIT.

NEW YORK, NY--(Marketwired - Jun 21, 2013) - The following is an investment opinion on Orion Marine Group (NYSE: ORN), Odyssey Marine (NASDAQ: OMEX), Seafarer Exploration (OTCQB: SFRX) and Blue Water Ventures (PINKSHEETS: BWVI). Seafarer announced yesterday that they have begun excavating a relatively compacted area of a shipwreck site off the coast of Lantana Beach, Florida.

Seafarer is hoping to follow the success that Odyssey Marine has had with shipwrecks in Florida. Marine salvage as a whole is a specialized industry, with companies like Orion Marine which focuses more on dredging and contractor services then salvage. But with nearly $60 billion in sunken platinum, gold, silver and other artifacts potentially out there ( there is plenty of room for niche companies to profit with a successful recovery. 

Seafarer believes that from previous items found at the site that the wreck could be of French or Spanish origin from the late 1600s. For more information, please visit

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