ST. AUGUSTINE, Fla., June 25, 2014 (GLOBE NEWSWIRE) -- Blue Water Ventures International, Inc. (OTC:BWVI) announced today that it is offering collateralized participation units in two marine exploration projects.
Blue Water Ventures International is a leader in the marine salvage industry and was successful in recovering millions of dollars of treasure from the wreck of the Santa Margarita; a Spanish galleon lost in 1622.
BWVI is now launching a new Project to locate and recover the cargo from specific shipwreck(s) that it believes were lost in the waters off the East coast of the United States. These target exploration projects are the result of the research that BWVI and its crew of expert archaeologists, historians, and third party contractors have uncovered.
Another aspect of this Project involves a side scan sonar survey to locate one or more of several high value colonial-era shipwrecks. The area chosen for this survey is based upon high quality historical research recently uncovered by BWVI historians.
"We've spent years developing these projects and we are excited to finally be kicking them off," said BWVI CEO Keith Webb.
BWVI has begun mobilizing its personnel and equipment and is making final logistical preparations. Field operations are scheduled to begin in the third quarter of 2014.
BWVI is offering collateralized royalty participation units in this project to accredited investors only. The offering is hosted at https://rockthepost.com/blue-water-ventures-international where investors can review the term sheet and offering documents. This is first round preliminary bridge financing and is non-dilutive to the Company's capitalization. The Company will pursue additional financing to undertake recovery efforts upon successful conclusion of our surveys.
Link to Offering: https://rockthepost.com/blue-water-ventures-international
About Blue Water Ventures International, Inc.
We are engaged in the business of conducting archaeologically sensitive recoveries of cargo and artifacts from various shipwrecks. Our operations to date have focused on shallow water search and recovery projects in less than 150 feet of water. We are now expanding our focus to include deep-water salvage of both historic and modern day shipwrecks.
Forward Looking Statements
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's reports filed with OTC Markets.