Treasure & Shipwreck Recovery, Inc.(TSR, is trades as BLIS on the OTCMarkets) is a Shipwreck Treasure Recovery and Asset Acquisition Company with ongoing and future sites for the search and recovery of priceless treasure and artifacts from historic shipwrecks off the shores of Florida and throughout the Caribbean at known, proven, treasure sites. The Company has taken on Kane Fisher of the Fisher Family as Operations Manager, and has paired with other partners with ongoing productive and rich treasure finds off the Coast of Florida, as well as other sites at other select locations around islands and locals throughout the Caribbean. We have already had many successes on site locations as well as gathering very valuable artifacts as holdings. We are pairing with the best of all proven sites, permitted, or under Admiralty claims as partners to not only recover treasure, but as well we have been making progress on a treasure recovery gaming app, and an ongoing reality series for television of our adventures.
TSR is a treasure company built on decades of shipwreck recovery and experience, with the our famous Kane Fisher, of the Atocha fame who discovered the motherload, as well as being involved in hundreds of search ventures, who has been responsible for finding over $1billion in recoveries. TSR operations will be very streamlined, so SGA will be very limited. All recovery work is being done with existing permit holders as contractors to carry out the work, as well as new sites that we have with out partners. Our gaming division is more independent and will be done outside of our recovery and asset acquisitions of treasure from many sources, to build our assets, sell some, and keep much for our own holdings. Goal is that 80% of all monies are used for operations, equipment, etc. for actual search and recoveries. In order to minimize expenditures, at times we will do a treasure and artifact share with our contracted partners so our costs are minimal.
Total 9 million shares, of which 7 million are held in a control holdings and restricted to insiders, and less than 1 million are free trading, in limited deposits. Goal is to keep share structure at 15 million or below for the next 2 years.