This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Marine Exploration, Inc. Announces Strategic Investment To Fund New High Growth Business Offering Within Fragmented And Underserved Industry Sector

CORAL GABLES, Fla., April 10, 2013 /PRNewswire/ -- Marine Exploration Inc. (OTC PINK: MEXP) today announced the execution of a letter of intent for an initial $1 million investment from a strategic investor with additional investment funds anticipated to follow.  The purpose of the investment is to fund a new high growth niche opportunity within a fragmented and underserved market sector of North America.

Marine Exploration, which has made efforts over the last year to diversify for the benefit of shareholders by making forays into different business arenas, will continue to deliver marine salvage services in the Dominican Republic.  However, the Company shall now redirect its primary diversification focus toward the introduction of offshore contract manufacturing for North American small and medium business clients.

The lower cost manufacturing resources within industrialized emerging markets such as China are more often than not only available to large companies.  With the initial infusion of capital from its strategic investor, Marine Exploration will begin making low cost, offshore contract manufacturing services available to the North American small and medium business market.

The Company will utilize the $1 million investment to finance select client's offshore contract manufacturing projects.  After refining the offshore contract manufacturing process through the first few client experiences, the Company and its strategic financing partner intend to rapidly expand capacity targeting the one hundred thousand to one million-dollar contract manufacturing market segment.

This new business plan does not include a shareholder change of control.  The contemplated strategic investment is anticipated to be executed as a debt transaction without any near term issue of new common stock.  Marine Exploration is not contemplating a near term recapitalization of the common stock of the company at this time.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.74 -0.54%
FB $119.20 1.20%
GOOG $709.74 1.20%
TSLA $214.93 1.60%
YHOO $37.25 0.84%


Chart of I:DJI
DOW 17,727.66 +66.95 0.38%
S&P 500 2,057.46 +6.83 0.33%
NASDAQ 4,733.1610 +16.0670 0.34%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs