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Modern Day Scavenger Hunt

Posted By Administration, Wednesday, August 26, 2015

I have always been intrigued by underwater exploration.  To think of the vastness under our seas and all they possess is overwhelming.  The unseen species, the uncharted landscapes and even the treasures from sunken ships generate childlike awe as to what lies beneath.  Many a life has been devoted to changing the unknown to known.  From the fame of being the first to discover new species or the fortune of sunken treasure, the race is on to be the one to discover.


Endurance Exploration

One group in particular that I have been following is Endurance Exploration (OTCQB:EXPL).  Today, companies like Endurance use modern day technology as well as historical data to pinpoint areas to explore.  Another key component to exploration is an understanding of the laws that govern international waters and rights of ownership to the treasure. Endurance, which is a Clearwater, Florida based publically traded company, is starting to create a buzz with their work. According to a press release by the company on August 24, 2015, the company “completes video survey and recovers first artifacts” of the Connaught.  CEO of Endurance, Micah Eldred stated in the release “this represents our first big step as we begin the excavation…”


The Connaught

This massive, iron hulled side-wheeled steamer was built in Ireland and launched in 1860. It was 380 feet in length and was considered one of the largest and most luxurious liners of the time. The fateful journey began from Galway, Ireland on September 25, 1860 on what would be her 2nd and final voyage.  The ship was bound for Boston via St John’s, Newfoundland and carried 50 first class passengers, 417 in steerage, a crew of 125 and £10,000 British Pounds in gold.


A Perilous Journey

The Connaught began taking on water during a sudden storm.  While the leak was contained another problem would arise; a fire below deck.  The smoke and flames were so overwhelming that none of the gold or passenger valuables could be rescued.  Life boats were lowered but the waves destroyed them while smashing them into the ship.  All seemed lost until a tiny fruit transport sailed out to the rescue.  Eye witness accounts say the hull was so hot the water boiled around it.  Amazingly, all 600 passengers and crew were able to somehow make it onto the smaller vessel.  Only 100 miles from the final destination in Boston, survivors watched as the Connaught met her peril and slipped into the sea. 

 

Technology, Diplomacy and History

With today’s mapping technology, most believe that discovering historical shipwrecks will become easier.  Endurance Explorations seems to have an advanced understanding of navigating the legal and diplomatic aspect of sunken treasure. History is peppered with individuals or companies who have located and raised treasures and artifacts only to lose it through court proceedings.  The research team of Endurance seems to also have a clear understanding of other potential recoveries as they have mapped out future sites with hopes of future explorations. With the chance of monetary reward along with a historical story like the Connaught, Endurance Exploration makes for a fun follow.

 

Keith Holloway - CEO Discount Coupons Corp
As Chief Executive Officer, Keith implements programs and practices to support the ideas and vision of our brands. He is the former Vice President for Lamar Advertising; a publicly traded media company based in Baton Rouge, Louisiana. In his 15 years with Lamar, he operated in several markets within the Southeast. During his tenure, Holloway was responsible for managing multiple offices, hiring and training all staff and Sarbanes- Oxley compliance certifications. Keith led expansion of existing markets as well as entry into new markets. He has personally been involved in hundreds of mergers and acquisitions and is well versed in identifying the media companies, valuation of the business and all due diligence of operations. Once purchases were complete, Holloway’s responsibilities included melding operations into the current business. Keith is married with 3 children.

 

Article Source:
www.enduranceexplorationgroup.com

http://www.marketwired.com/press-release/endurance-exploration-team-completes-video-survey-recovers-first-artifacts-otcqb-expl-2049925.htm

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