Historic Discoveries, Inc.
SVXA
Other OTC0.00
USD
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Historic Discoveries, Inc.
SVXA
(Other OTC)
Recent
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0.00
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yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Historic Discoveries, Inc. (SVXA) is a maritime exploration company that researches, digitally maps, records, recovers, and conserves artifacts from shipwreck sites; through its subsidiary Lavelle Holdings, Inc., the company provides subsea marine consulting services and offshore project management services. Founded in 1980 and headquartered at 110 South State Street, Suite 200, Newtown, Pennsylvania, the company operates primarily in the research and consulting services segment of the commercial services industry, with historical licenses to approximately 400 shipwrecks as of July 2007 and a focus on wrecks dating from 1500 to 1900 across regions including Spain, Nova Scotia, and other international waters. It previously operated through subsidiaries such as Artifact Recovery & Conservation Inc. and Sea Research, Inc., pursuing project-specific financing for recovery efforts and media partnerships for documentaries and books related to its intellectual property. The company, formerly known as Sovereign Exploration Associates International, Inc., acquired Lavelle Holdings, Inc. on June 11, 2007, and LeChameau Explorations Limited on June 13, 2007, marking its most recent major strategic expansions, with no significant funding rounds, new product launches, or operational changes reported in the last 1-2 years amid minimal trading activity and a market capitalization of approximately US$36.