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.
With the vessels
operating, TSR will update and provide information on all aspects of
operations, including video and other media updates in the short term. TSR has
also activated an Instagram site for posts we will make available for videos
and pictures on a daily basis. See future publications
on Facebook, Instagram, TikTok and other sources as they are developed.
Currently we hold thousands of photos of items recovered which will be
released.
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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.
Additionally,
BLIS has no convertible debt. Currently operations are being funded
through the current money raise for operations and for the gaming division in
two separate segments. This is well underway for wreck explorations throughout
the whole dive season of 2021. With a 71 foot mothership, and other dive boats BLIS
has financial coverage for operations. BLIS may raise capital for
overseas recoveries in certain undisclosed areas, but not via convertible debt as
other companies normally do.
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.
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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.
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On
March 9th BLIS announced it has been conducting search, scan,
recovery and acquisition operations of new and known treasure shipwreck
recovery sites off the East Coast of Florida. The BLIS team has made a
significant recovered acquisition of certain objects, including one that which
is suspected to contain large precious gemstone materials that has been
expertly examined, and its makeup will be announced shortly.
BLIS has partnered with permitted partners for certain
sites, which will be announced in the near future as well. Such area as where
the gemstone and other coins were found will be subject to in depth projects
and searches. Some of the operations and acquired items will be displayed soon.
BLIS 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, as well as bringing eyes to BLIS for the shareholders' benefit.
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On
March 2nd BLIS proudly announced Kane Fisher, of the Atocha
shipwreck fame, as well as many other historic wrecks throughout history, as
the company’s new Operations Manager for all projects and recovery work. Kane
has already taken out, led the BLIS team, and been responsible for major
projects on treasure recovery sites. Kane is now leading BLIS expeditions
on searches of new sites and known sites over the last two months. BLIS will also be partnering on known
sites Kane has under his rights for further recoveries and finds.
Kane
Fisher has been involved in treasure recovery and finding since childhood, with
his famous father, Mel Fisher. Over 50 years Kane has been involved in the
recovery of wrecks including the most valuable shipwreck in U.S. history the
Spanish galleon Nuestra Senora de Atocha, which has valued recoveries over
approximately $700 million dollars. Kane has been involved in dozens of wreck
site finds and recoveries off Florida and responsible and involved for an
estimated over $1 Billion in wreck recoveries, not just off Florida, but
throughout the Caribbean. Other recoveries include being involved with more the
rich finds of the Santa Margarita, a sister ship of the Atocha lost in the same
storm of 1622.
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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