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Blue Water Ventures International, Inc. (BWVI) Announces Formation of New Subsidiary to Market and Sell Shipwreck Treasures

Source: MissionIR


October 2, 2015 ( stocks newswire) Sunken shipwrecks filled with lost treasures and tales of human history have captivated imaginations for generations. Few vessels illustrate this fascination more than the Titanic, the 46,000-ton ‘unsinkable’ ocean liner that drifted to the bottom of the North Atlantic during its maiden voyage, where it remained, undiscovered, for nearly three-quarters of a century. Despite its mystique, the Titanic is far from the only wrecked ship steeped in history and treasure that’s been stranded on an ocean floor awaiting discovery by bold and courageous adventurers.

Odyssey Marine Exploration (NASDAQ: OMEX) demonstrated the marketability of subsea exploration when, in 2003, it recovered more than 64,000 coins and artifacts from the SS Republic, which had been missing since the Civil War. Blue Water Ventures International, Inc. (OTC: BWVI) reaffirmed this fact when, from 2006 to 2011, it successfully utilized proprietary new technologies to recover more than $16 million in rare and extraordinary treasures and artifacts from the widely dispersed shipwreck trail.

Monetizing priceless treasures and artifacts can be a difficult endeavor, particularly when it comes to one-of-a-kind items. For this reason, BWVI has traditionally utilized third-party auction settings in order to sell its most valuable treasures. Most recently, the company announced the sale of three signature pieces recovered from the wreck of the Santa Margarita, realizing gross proceeds of nearly $400,000. While these sales demonstrated the vibrant market for these unique treasures, BWVI is preparing to make a significant change to its monetization strategy. In a recent news release, the company announced its intentions to take a more hand-on approach to the rare treasures market through newly-created subsidiary Blue Water Treasures, Inc. (BWT).

BWT's efforts will be focused on the marketing, sale and monetization of treasure and artifacts recovered by both BWVI and outside firms, as well as the commercialization of high-quality replicas derived from such items. The company also intends to acquire marketable pieces through the auction process in order to capitalize on the steep discounts that are regularly available to educated buyers.

In support of its new subsidiary, BWVI plans to update its online presence by expanding its social media footprint and improving its website design. Similarly, BWT is currently developing its own website and social media presence, which it plans to launch in the coming months. When complete, BWT's site is expected to include an online store stocked with treasures, nautical-themed jewelry, historical artifact replicas and related items that are available directly to the public. As of its latest update, BWVI estimated that both projects will be substantially completed in time for the busy holiday season.

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