Treasure & Shipwreck Recovery Inc. (“TSR”), currently trading as Beliss Corp. (OTC: BLIS), today released an explanation of the research and recovery targeting the Cape Romain, South Carolina, site, which is held by Federal Admiralty Order under the ownership of Dr. E. Lee Spence. According to the update, Dr. Spence is interested in the outer shoal of the site, which is over three nautical miles from shore and right on a path used by sea captains for hundreds of years. Dr. Spence discovered a valuable shipwreck on his very first trip to the shoal, and his research uncovered numerous accounts of vessels lost after striking the shoal and, over a period of time, he found more and more wreckage from various ships lost on and around it. The shoal is completely outside of the state’s jurisdiction when it comes to shipwrecks, although still within U.S. territorial waters. Dr. Spence filed a claim with the federal district court and was legally recognized as the exclusive owner of the wreckage through the judge’s order. As a result, the state has no right to a share of what is salvaged from his wrecks, which are just some of the many shipwrecks that TSR expects to be working under Dr. Spence’s direction.
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About Treasure & Shipwreck Recovery (presently Beliss Corp.)
TSR is a Nevada Corporation based in St. Petersburg, Florida, with various shipwreck area agreements being pursued and entered into for the discovery and recovery of valuable historic shipwrecks in North America and the Caribbean. The company is also focused on the development of media opportunities along treasure themes. For more information, visit the company’s website at www.TreasureWreck.com.
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