CORAL GABLES, Fla., Dec. 28, 2011 (GLOBE NEWSWIRE) — Marine Exploration, usmarineexploration.com Inc. (OTC:MEXP.PK - News), has entered into a Binding Letter of intent to purchase shares in the Parque Cibernetico de Santo Domingo, S.A., www.pcsd.com.do in order to expand the Company’s business focus in the Dominican Republic.
The PCSD is a tax-free zone cyber park comprised of around 450,000 square meters of land, assessed value of about US$100 dollars per square meter; several state of the art buildings and other improvements which account for a US$50 million dollar donation from the government of Taiwan to the D.R. Government. Marine Exploration President Rosendo Alvarez, III stated that “taking an equity position in the first and yet only high technology park in the Caribbean region, Cyber Park of Santo Domingo, (PCSD, S.A.) is the first action step in the strategic inroads that the Company plans to execute in the promotion and development of state of the art maritime technology applications which will have a high intellectual property potential and impact positively the income diversification model under implementation for the benefit of present and future Marine Exploration stakeholders.”
