CORAL GABLES, FL--(Marketwire -02/29/12)- Marine Exploration, Inc. (Pinksheets: MEXP.PK - News) announces signing a Letter of Intent to acquire Isabel Villas Golf and Country Club and Marina, Inc. The first step in Marine Exploration's Income Diversification Strategy, the Company plans to merge with Isabel Villas and its assets in order to generate additional income for Marine Exploration. The Company expects to further develop the Club and Marina located in an exclusive residential compound within the urban boundaries of the city of Santo Domingo. http://www.clubisabelvillas.com/
"We foresee building a quaint and modern marina next to the swimming and restaurant facilities of the Club. This will enable a substantial increase in membership and guest traffic, including day tours offered to cruise ship passengers arriving at the Don Diego and Sans Souci ports further impacting revenue generation. The Isabel Villas Golf Club boasts the only covered practice range and golf school in the Dominican Republic with two environmentally protected lakes and magnificent foliage. We anticipate Isabel Villas will become a movie filming location as the Dominican Republic consolidates new tax incentives governing the laws regulating the promotion of the film industry. Marine Exploration expects to further monetize by influencing the UK-based Pinewood Studios to use the Isabel Villas locations as they commence filming operations in the Dominican Republic. All in all, this is the first concerted delivery on the sincere promise made by Marine Exploration to explore and implement an Income Diversification Strategy inspired by the Berkshire Hathaway model," states Rosendo Alvarez III, President and Mark Goldberg, CEO of Marine Exploration.
About Marine Exploration, Inc.
Marine Exploration, Inc. represents a consortium of professionals driven to achieve enduring financial success and professional fulfillment through the investment financing of lucrative treasure exploration and salvage ventures in the Caribbean Sea and South Atlantic Ocean. Utilizing cutting-edge technology and custom equipment designed under exclusive development contracts for each specific mission, Marine Exploration, Inc. is establishing a new standard for bona-fide research-based shipwreck recovery operations. The Company may add profitable ventures as subsidiaries.
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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