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.
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
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.
These news releases and postings may contain forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
User :- Phillip Fleck