BLIS announces the Company, through the assistance of its sponsoring broker J.H. Darbie & Co. has been able to obtain significant financing for its ongoing and future operations. Importantly, the financing has obtained on four one-year notes, which were all identical in terms from only three funders at a fixed conversion rate. Importantly, as promised before, the immediate effect is no significant dilution to the shares outstanding, which under TSR’s business model is maintained at less than 10 million shares. With such financing TSR is in position that it is not needing to seek any further financing for the foreseeable future for operations and expenses, both general and expansion of its ongoing recovery operations. In other words, TSR is set for the foreseeable future for operations, as it expands to its gaming and other divisions. All of the details of such agreements will be revealed in the Companies 10K annual report to filed shortly.
The funding has given TSR the ability to maintain full operations with its partner Gold Hound LLC, which are currently transpiring off the Sebastian site. Full out operations are now funded for the outfitting of the dive vessel which we are operating with Gold Hound, and large-scale technology purchases of tremendous technical abilities such as exact finder GPS systems, state of the art detection equipment, refit of start of the art electronics, sonar detection equipment, dive equipment and all other equipment necessary for full on continued operations through the whole year dive season and beyond. TSR has also contracted for large scale multimedia outlets to publish its operations worldwide.
“We have found a true partner with Darbie who caused all of the interest in the ongoing operations which we have with Gold Hound, LLC on the permitted sites. True to our work with Greg Bounds we have now been onsite and successful with multiple recoveries practically on every dive the crews have made,” stated Craig A. Huffman, President of TSR. “With these operations ongoing and secured, we have crews in water on thousands of targets that Greg has magged from proven treasure sites. With this we will now be able to expand operations to other areas of the Caribbean on known treasure sites, besides the multitude of unrecovered items from the known wrecks in Sebastian. The future is great, and TSR will be presenting its finds with its partners through multimedia presentations. Most importantly we are not in a position of any spiral financing, which I have fought for numerous companies as all my time in Corporate counsel litigation.”
The site area off Sebastian Florida has been perpetually permitted with the State of Florida and has been the site of valuable recoveries from a suspected four wrecks from the renowned and enormously laden 1715 Fleet, which sank in July 1715 during a hurricane. Although much of the inshore areas have been worked, and many recoveries made, the vast amount of treasure, in the form of gold and silver coins, bullion bars, emeralds, jewelry and other valuable items are still to be found. Through the exhaustive work of Greg Bounds over the last year, he has tracked and identified thousands of “hits” extending out in un-searched areas that show definitive trails of wrecks which we are now diving on and recovering. Given the success that both Bounds, and his company Gold Hound has had, along with Kane Fisher of TSR who has had numerous recoveries through the years on the site, TSR with this partnership is now recovering looks to great amount of treasure recovery that promise that we are on target and on site of areas not recovered from before.
Currently Engaged in Active Search and Recover Operations.
Company has Decades of Experience with a Great Many Valuable Finds.
- Small Share Structure Under 9 Million OS and No Convertible Debt.
Famed Treasure Hunter Kane Fisher is a New Operations Manager
- Plans for Television and Gaming Apps Under Development.
Treasure & Shipwreck Recovery Announces Start of Operations and Resources on Treasure Site
Treasure and Shipwreck Recovery, Inc. (BLIS) is a treasure company built on decades of shipwreck recovery and experience. Operations will be very streamlined, so SGA expenses will be very limited. All recovery work is being done with existing permit holders as contractors to carry out the work, as well as new sites with partners. The BLIS gaming division is more independent and will be done outside of recovery and asset acquisitions of treasure from many sources, to build assets, sell some, and keep much for the company’s own holdings. The BLIS goal is that 80% of all monies are used for operations, equipment, etc. for actual search and recoveries.
BLIS has a very attractive share structure with under 9 million shares outstanding, of which 7 million are held in control holdings and restricted to insiders, and less than 1 million are free trading, in limited deposits. BLIS management intends is to keep its share structure at 15 million or below for the next 2 years.
BLIS has numerous revenue routes. One is to keep many artifacts and treasure as assets, to be shown in a planned BLIS location and museum. BLIS has already gathered significant recovered treasure. Second is the sale of treasure and artifacts through certain auction houses and arranged product sales for coins, etc. Third is private collector sales. Fourth is road show and museum show fees. Finally, holding rights to television and future gaming development. Currently, BLIS has many assets recovered, and under holdings.
- Gaming and Television Plans
BLIS intends to become a worldwide set of media brands for adventure, treasure and fulfilling the dream of everyone who ever wanted to have the adventure of a lifetime. BLIS has an existing gaming development relationship for an envisioned App game based on treasure hunting, and a television series will be worked during the next year. Constant filming of crew work and recovery will be published of ongoing operations via social media.
BLIS management knows that together with the Galleon Quest game, the reality television show Galleon Quest would be complimentary in the marketing of the Company's recoveries, as well as the game and television alike. All of this should also be very instrumental in bringing eyes to the BLIS for the shareholders' benefit.
For more information on Treasure & Shipwreck Recovery, Inc. (BLIS) visit: https://www.treasurewreck.com/
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