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Marine Exploration Acquires Atmospheric Water Solutions; Adds Revenues and Enhances Management Team(May 02, 2012)
CORAL GABLES, FL -- (Marketwire) -- 05/02/12 -- Marine Exploration, Inc. (PINKSHEETS: MEXP) CEO Mark Goldberg announces the Company has acquired Atmospheric Water Solutions, Inc. (AWS). The acquisition includes proprietary water making technology, inventory, and a distribution center. Atmospheric Water Solutions uses its licensed and patented atmospheric water generator (AWG) technology to produce pure water from the air.
Atmospheric Water Solution's products will immediately generate revenue for Marine Exploration as the Company enhances its growth strategy. AWS is preparing to present its line of atmospheric water generators at several upcoming conferences in May. Based on relative humidity of 30% or more, the Atmospheric Generators are capable of producing 3-5 gallons per day for the home or office, up to 1000 gallons as a mobile unit, and up to 5000 gallons of pure clinical grade water as a plant-based operation. These products, which are currently being marketed and sold, will also be rolled out for preview to the armed forces, emergency relief agencies such as FEMA, school systems and both large and small businesses, commencing in May. www.atmosphericwatersolutions.com
Marine Exploration CEO Mark Goldberg says, "AWS, now our fully owned subsidiary, will be run by its current CEO Howard Ullman who holds the patents on the technology. Ullman served as the CEO, President and Chairman of the Board at CHDT Corp. where he grew sales for the Company from $720,000 to more than $10 million under his leadership."
Goldberg continues, "This acquisition of AWS enhances our previous disclosed business model to increase the shareholder value of Marine Exploration, Inc. through industry-related diversification. We've been actively searching for acquisitions that fit into our new core business model that can add further revenue and earnings growth. As an added benefit we are very fortunate to welcome Howard Ullman, and his 30 years' experience in both the consumer products and the public markets, into the Company's management team."
After completing the acquisition, AWS CEO Howard Ullman said, "I am pleased to join the strong management team at Marine Exploration. After many offers and careful consideration, I view this marriage as the perfect fit given Marine's well versed Board of Directors, management and international diplomatic associations. Given both companies are based in Florida, and Marine has a huge presence in the Caribbean and other humid regions, this will prove to be an ideal 'target market' for our patented technology."
AWS offers cutting edge solutions for homes, and commercial businesses, and bottling operations by manufacturing pure drinking water from the air using the process of condensation, filtration, and ultraviolet light resulting in the purest water. The water comes from the humidity in the air where, unlike ground or spring water, there are no heavy metals such as uranium, barium, lead or chlorine, which is just part of the blend found, for instance, on the water report for the City of Sunrise, Florida. Any other pollutants found in the air we breathe enter into these machines and go through multiple filters and ultraviolet lights delivering the freshest tasting clean water which tests significantly below the standard parts per million of tap or bottled water.
Along with its partners, the Company intends to legally enforce its proprietary rights on existing products, especially as it rolls out new technologies in coming months, like its 100% solar solution to produce up to 100 gallons of pure water per day.
Investors may view the Company's website at www.atmosphericwatersolutions.com where you can find information and videos on the products. AWS is currently reviewing requests for additional domestic and international distributorships. Product sales figures and revenues shall be forthcoming.
About Marine Exploration, Inc.
Marine Exploration, Inc. represents a consortium of professionals driven to achieve enduring financial success and professional fulfillment through the investment financing of lucrative treasure exploration and salvage ventures in the Caribbean Sea and South Atlantic Ocean. Utilizing cutting-edge technology and custom equipment designed under exclusive development contracts for each specific mission, Marine Exploration, Inc. is establishing a new standard for bona-fide research-based shipwreck recovery operations. The Company may add profitable ventures as subsidiaries.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995.
Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
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