SOURCE: Marine Exploration, Inc.

February 27, 2008 17:43 ET

Update: Marine Exploration, Inc. Details Its Joint Venture Partner's State-of-the-Art Design, Engineering, Contracting and Development of One-of-a-Kind Magnetometer Systems for Use in Its Survey for Specific Sunken Vessels

MIAMI, FL--(Marketwire - February 27, 2008) - Marine Exploration, Inc. (PINKSHEETS: MEXP) is pleased to report that Burt D. Webber, Jr., at the helm of its Joint Venture Partner, Hispaniola Ventures, LLC, has worked directly with Geometrics, D&B Enterprises and Ocean Images, Inc. on the design, development and testing of two custom diver operated G-882 cesium Magnetometer systems that will be used in the survey and location of the target vessels. This system includes a newly developed wooie generator board that translates the sensor output data stream into LED numerical readout of the total magnetic field and comparable audio signals to the diver's headset.

Additionally, Webber was the innovator of the first diver operated cesium magnetometers developed by Varian & Associates in 1978. The new, one-of-a-kind Magnetometer system to be used in the Dominican Republic expedition will provide invaluable technical aids to Webber's team, the likes of which have never existed before.

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.

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