Newsfile Corp. Newsfile Corp
Phoenix, Arizona–(Newsfile Corp. – November 7, 2019) – The Stock Day Podcast welcomed Seafarer Exploration Corp. (OTC Pink: SFRX) (“the Company”), a publicly traded underwater salvage and exploration company. President of Probability and Statistics Inc., Don Beavers, joined Stock Day host Everett Jolly.
Jolly began the interview by noting that Probability and Statistics Inc. handles all of the scientific research and development for Seafarer Exploration Corp. “Are you involved in the new SeaSearcher device?” asked Jolly. Beavers explained that Probability and Statistics is a math and science company focused primarily in the aerospace field. “We really enjoy working with Seafarer because it is fun, exciting, and different,” said Beavers, adding that Probability and Statistics has been working with the Company for about two years. “We’re a significant shareholder,” he added.
Beavers then expanded on the technology of the exploration industry, noting that the majority of the industry uses outdated technology and utilizes manual practices. “We sat down with Seafarer Exploration and set a path forward for doing some research to improve their methods and technology. Our goal was simply to give them the biggest advantage out there,” said Beavers.
Jolly then asked what differentiates the Company’s new technology from its previous exploration methods. Beavers explained that the Company’s former technology was effective to an extent, however cannot compare to their SeaSearcher device. “One of the arrays of services that the SeaSearcher offers is that it can see under the sea floor,” said Beavers, adding that the technology displays objects under the ocean floor in 3D. “It’s an amazing advantage,” he added. “There are other sensors on there that will interrogate the metal and give you a pretty good idea of what is actually down there,” said Beavers. “This is an absolute game changer. This puts Seafarer Exploration ahead of their competitors and we’re very pleased.”
Beavers then expanded on the Company’s most recent project off the coast of Florida. “This is an all or nothing business,” said Beavers, adding that the initial results of the project look promising.
The conversation then turned to the Company’s blockchain projects. Beavers shared that the Company initially became involved with blockchain technology to keep track of the data from their exploration projects. However, Seafarer Exploration eventually began a subsidiary called Blockchain LogisTech LLC, which has further diversified their portfolio. “We’re very close on securing a couple of state contracts,” said Beavers. “The technology is just now starting to grow, but this has worked very well,” he added. Beavers further explained that the blockchain division of the Company has allowed for improved cash flow and represents significant revenue potential.
To close the interview, Beavers shared that the Company is significantly undervalued, especially considering the potential of their current exploration projects and advanced technology. “I believe they are going to hit, and I think they are going to hit big.”
To hear Don Beaver’s entire interview, follow the link to the podcast here: https://audioboom.com/posts/7415629-president-of-probability-and-statistics-inc-joins-the-stock-day-podcast-to-discuss-partnership-w
About Seafarer Exploration:
Seafarer Exploration Corp. is a publicly traded underwater salvage and exploration company traded under the symbol SFRX. The principal business of the company is to develop the infrastructure necessary to engage in the archaeologically-sensitive research, documentation, exploration, recovery, and conservation of historic shipwrecks. The company has secured multiple sites it believes contain historic and valuable shipwrecks. The company will use accepted archaeological methods to properly document, research and recover portions of the wrecks. Seafarer employs scientists and historians and is committed to preserving the cultural and historical significance of every wreck it finds. www.seafarercorp.com.
The press release may include certain statements that are not descriptions of historical facts but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, and other forward-looking terminology such as ”may,” ”expects,” ”believes,” ”anticipates,” ”intends,” ”projects,” or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. Such information is based upon various assumptions made by, and expectations of, our management that was reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectation and actual results may vary (perhaps materially) from certain of the results anticipated herein.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/49536