Seafarer Seeks Expansion

NEW YORK--(BUSINESS WIRE)-- Seafarer Exploration Corp. (OTCBB: SFRX) announced today they have retained Robert H. (Bobby) Pritchett III the CEO of Anchor Research & Salvage to assist Seafarer locate and review a joint venture, merger or acquisition opportunity. Seafarer wishes to expand its business model to salvage in the Caribbean. Mr. Pritchett, the author of multiple books on treasure hunting, is very experienced in the Dominican Republic for exhaustingly researching numerous shipwrecks around the Island. Mr. Pritchett’s company has recently been awarded a thirty (30) month salvage permit which covers approximately ninety (90) miles of coast line in the Dominican Republic. More information about Anchor Research & Salvage, including his books, can be found at www.arsdr.com.

Kyle Kennedy CEO of Seafarer commented, “We are very pleased to be working with Mr. Pritchett who we believe is an expert in the industry to help us increase share holder value. His vast knowledge on hundreds of wrecks and his relationships with other permitted companies should benefit our company.” Robert Pritchett stated, “I look forward to assisting Seafarer with their desire to expand in the Caribbean. I feel they share the same passion for discovery and high level of integrity which it takes to succeed.”

Disclaimer:

The press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, and other forward-looking terminology such as “may”, “expects”, “believes”, “anticipates”, “intends”, “projects” or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein.