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SOURCE Tecton Corporation
CLEARWATER, Fla., Jan. 2, 2014 /PRNewswire/ -- Tecton Corporation (TTNC) (the "Company") announced that it has acquired Endurance Exploration Group, LLC in a share exchange agreement.
Endurance Exploration Group, LLC ("Endurance") is a development stage company that specializes in subsea shipwreck research, search and survey, inspection, and recovery projects.
Additional information regarding the acquisition can be found in the Company's "Super 8K" filed with the SEC on December 31. Investors are encouraged to review the 8K in detail to learn more about Endurance, and the Company encourages investors to pay particular attention to the "Risk Factors" section of the 8k, which highlight the high-risk nature of the business. Key points from the 8K, include:
The Company's CEO, Micah J. Eldred commented, "establishing Endurance as a publicly traded company sets the foundation for the next phase in this Company's life. The public quotation will provide the Company with more financing options in the future that can support the Company's movement into deeper water, more complex, and more potentially rewarding salvage projects."
Cautionary Information Regarding Forward-Looking Statements.
Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from the anticipated. The information contained in this release is as of January 2, 2014. Tecton Corporation assumes no obligation to update forward-looking statements contained in this release as the result of new information or future events or developments.
Media contact: Abby Lord, 727 289 0010
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