Treasure & Shipwreck Recovery Announces Further Updates Including Game App Development, Preliminary Projections

ST. PETERSBURG, Fla., April 27, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – Treasure & Shipwreck Recovery, Inc. (“TSR” or “the Company” currently trading on the OTC:BLIS), is announcing updates for its gaming and app development, together with some conservative projections for its previously announced app game “Galleon Quest,” a treasure hunting and diving adventure game, which is progressing through development for testing and release. The single user and multiuser app game as previously announced on April 23, 2020 (See release at http://nnw.fm/92EaP), is progressing and the Company expects a full trailer shortly, with projections based on a conservative level below.  

While the Company has shifted its operational focus toward the most immediate revenue and growth areas of its Apps Content acquisition and its to-be-released multi-platform, app game Galleon Quest, the Company intends on continuing its shipwreck recovery operations which resulted in recoveries and finds including anchor and cannon as announced on Dec. 13, 2020 (See release at http://nnw.fm/RRlN3). Currently the Company is, as many are, under restrictions and is prepared to continue its treasure recovery operations when the current governmental quarantine restrictions allow for boats and expeditions to operate again out of Florida harbors. As previously announced, we have hundreds of target locations to exploit for potential treasure recovery (See release at http://nnw.fm/44Fc4).

TSR, through its subsidiary TSR Media and Gaming, had the vision and opportunity to purchase the revenue producing app content library and site, Flavorfulapp.com (See release at http://nnw.fm/v44H3). This is a revenue flowing division, which has value that is being increased from within, including best-selling content on Amazon. This has given the Company entry into the app business, providing the basis to create what we project to be the hugely successful Galleon Quest Game into the over $150 billion app gaming market to be built for multiple platforms.

The Galleon Quest trailer is expected in the near future and the game itself has been studied for market entry. The Company has produced a pro forma in line with industry standards and feels it to be attainable. The projections are based on low end user numbers and conservative income projections. The projected roll out is in July 2020, representing a partial year’s income.