Treasure & Shipwreck Recovery Announces New Recovery Vessel Acquired for New Crew and Operations in Proven Treasure Area
Treasure & Shipwreck Recovery, trading as OTC PINK:BLIS, announced the acquisition of the Motor Vessel Bottomline, a 36-foot Chris Craft Commander, optimized for treasure recovery off Florida's East Coast. Equipped with dual super-charged engines and advanced dive equipment, this vessel will support the company's operations in the 1715 fleet area starting this recovery season. TSR plans to utilize the Bottomline along with a newly acquired 17-foot whaler, enhancing their fleet for treasure exploration. Additionally, the company expects to report the division and estimated value of artifacts from the 2022 treasure season within 60 days.
- Acquisition of 'Bottomline' enhances recovery capabilities.
- New vessel and crew expected to drive operational efficiency.
- Waiting on 2022 treasure season results, potentially boosting valuation.
- None.
FT. PIERCE, FL / ACCESSWIRE / March 14, 2023 / Treasure & Shipwreck Recovery, Inc. ("TSR" or "the Company"), (trading as OTC PINK:BLIS), is announcing that had acquired a specially built out search and recovery vessel which is outfitted for large treasure recovery off the East Coast of Florida in current operations beginning this recovery season. The Company acquired the Motor Vessel "Bottomline," a 36 foot Chris Craft Commander, with dual super-charged engines and dual props, with built out blowers for each propeller for treasure recovery, along with numerous other equipment pieces for operations including detection and dive equipment. As well the Company acquired a 17 foot whaler to add to the fleet for operations with the Bottomline, acting as an anchor and diver vessel.
"This acquisition means that TSR now has a dedicated treasure recovery vessel that is an asset of the Company, specially built out for operations to recovery treasure on current operations," stated Craig A. Huffman, CEO of TSR. "This means we have our contracted vessel and crew, and now our own treasure operations vessel with a new special crew that will be announced in the near future. As a matter of fact, the boat was built out by the very experienced treasure Captain, with decades of experience, which we will have for operations, and an expected huge recovery season."
TSR expects the Bottomline will operate with the new crew out of the Sebastian, Florida inlet for operations on the 1715 fleet area, joining the existing contracted vessel for the 2023 season of exploration and recovery.
As well, TSR has been advised that the division of the 2022 treasure season will be made in the next 60 days, and TSR will be able to report the division of the artifacts and treasure recovered and estimated value of the treasure and artifacts.
About Treasure & Shipwreck Recovery
You can follow TSR at our Facebook Page, https://www.facebook.com/treasurewrecked. Our web site will be updated as new matters are announced including recoveries, the media side, and gaming side at www.treasurewreck.com. Instagram at https://www.instagram.com/treasurewrecked/
FORWARD-LOOKING STATEMENTS: This press release and the statements of representatives of TSR. (the "Company") related thereto contain, or may contain, among other things, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including any other statements of non-historical information. These forward-looking statements are subject to significant known and unknown risks and uncertainties and are often identified by the use of forward-looking terminology such as "guidance," "projects," "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," "ultimately" or similar expressions. All forward-looking statements involve material assumptions, risks and uncertainties, and the expectations contained in such statements may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results (including, without limitation, TSR's ability to advance its business, generate revenue and profit and operate as a public company) could differ materially from those stated or anticipated in these forward-looking statements as a result of a variety of factors, including factors and risks discussed in the periodic reports that the Company files with OTC Markets (Pink Sheets). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.
COMPANY CONTACT:
Website: www.treasurewreck.com
Investor Relations Email: ir@treasurewreck.com
Investor Relations Telephone: (813) 563-8777
SOURCE: Treasure & Shipwreck Recovery, Inc.
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FAQ
What is the purpose of the Bottomline acquisition by TSR?
When will TSR report the value of the 2022 treasure recovery?
What is the significance of the 1715 fleet area for TSR?
How does the new crew impact TSR's recovery operations?
