Blue Water Ventures International

What Blue Water Ventures International does

Blue Water Ventures International, Inc. (OTC: BWVI) is a Florida-incorporated marine exploration company founded in 2005 by W. Keith Webb that locates and recovers cargo from historic shipwrecks in shallow and deep waters of North and Central America and the Caribbean. Core recovery operations use archaeologically-sound methods supported by magnetic and acoustic remote sensing, sonar and cesium magnetometer survey systems, remotely operated vehicles, and a deep-dive re-breather system. The company operates primarily through a joint venture with Endurance Exploration Group (via Swordfish Partners), targeting wrecks including the 1622 galleon Santa Margarita, the 1838 steamship Pulaski, the 1840 Steamship North Carolina, and the 1631 San José galleon.

Monetization combines wholesale artifact and coin sales through numismatic distributors (Asset Marketing Services / GovMint.com) and auction houses (Guernsey's, Skinner), with a direct-to-consumer e-commerce storefront (Shopify) selling recovered Santa Margarita pearls, nautical jewelry, and Venetian trade beads at price points from $75 to $325,000. Premium jewelry collections are co-designed with Bradford James Company, and conservation/grading is handled by NGC/NCS. The Pulaski Joint Venture was extended through 2020, a U.S. Federal District Court granted ownership of 600+ recovered Pulaski artifacts in 2018, and a wholly-owned subsidiary Blue Water Treasures, Inc. (formed 2015) consolidates treasure marketing. The 2022 acquisition of Psycheceutical and a $771,000 Reg D securities offering in February 2022 are the most recent strategic events disclosed.

Name

Blue Water Ventures International

Legal name

Blue Water Ventures International, Inc.

Website

https://bwvint.com

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

Blue Water Ventures International is a Florida-based marine exploration company that locates and recovers cargo from historic shipwrecks in North and Central American waters, then monetizes the artifacts through numismatic distributors, auction houses, and a direct-to-consumer e-commerce storefront selling recovered pearls, jewelry, and coins.

Ownership category

akta.pro rank

Product category

Shipwreck Recovery & Artifact Sales

NAICS

Navigational Services to Shipping (48833), Navigational Services to Shipping (488330), Boat Building (336612)

SIC

Water Transportation (4400), Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Salvage Diving & Underwater Recovery (Cargo/Equipment) (TLAHAIAD)

akta.pro secondary industry

Underwater Hull Services (Diving, In-Water Cleaning, Propeller Polishing, Inspection) (TLAHAMAL)

Keywords

• Shipwreck recovery
• Marine exploration
• Treasure hunting
• Historical artifacts
• Underwater archaeology

Headquarters

HQ city

Florida

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain, Infrastructure

Revenue model

1. Artifact and Treasure Sales: Direct sales of recovered shipwreck artifacts including gold coins, pearls, jewelry, and historical items through e-commerce storefront and auction houses
2. Treasure Jewelry: Sales of jewelry pieces incorporating recovered materials such as shipwreck pearls and silver, including collaborations with Bradford James Company for exclusive designs
3. Numismatic Coin Sales: Sales of recovered rare coins through Asset Marketing Services (AMS/GovMint.com) and auction houses like Guernsey's and Skinner
4. Licensing and Royalties: Recovery operations conducted independently or in joint-venture arrangements with associate exploration firms for shareholder benefit
5. Third-Party Research Services: Third party research studies on targeted shipwreck areas with estimated cargo values provided to investors

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Blue Water Ventures International conducts archaeologically sound marine exploration and recovery of historic shipwrecks using proprietary magnetometer, sonar, and ROV-based remote sensing technology. The company then commercializes recovered items—including natural pearls from the 1622 Santa Margarita galleon, rare coins from the SS Pulaski, Venetian trade beads, and designer jewelry—through its Shopify e-commerce storefront, numismatic distributors, and auction houses.

Product overview

Blue Water Ventures International is a marine exploration company specializing in shallow ocean historic shipwreck recovery using archaeologically sound methods and advanced technology. The company operates as a dual business: (1) shipwreck exploration and treasure recovery services targeting wrecks primarily in North and Central America including the Caribbean, and (2) an e-commerce retail operation selling recovered artifacts and shipwreck-derived jewelry. The product portfolio centers on three collections sold through their Shopify e-commerce platform: the Santa Margarita Pearls Collection featuring rare natural pearls recovered from the 1622 Spanish galleon Santa Margarita; the Nautical Collection offering compass rose, seashell, and nautical-themed jewelry in gold and silver; and Trade Beads made from 500-year-old Venetian glass beads recovered from historic shipwrecks. Additionally, the company generates revenue through the sale of individual recovered artifacts including gold coins, silver coins, and treasure items, with select high-value pieces created in partnership with jewelry designers like Bradford James.

Differentiator

Problem solved

Functional benefit

Products and services

• Santa Margarita Pearls Collection A retail collection of rare natural pearls recovered from the 1622 Spanish galleon Santa Margarita, including loose pearls, mounted jewelry, and high-value artisan pieces. The pearls were discovered sealed in a lead box on the ocean floor for nearly 400 years and are sold at price points ranging from $1,950 (0.73ct) up to $325,000 (52ct). Targeted at collectors, investors, and jewelry buyers seeking historically significant, authenticated pieces.
• Nautical Collection A jewelry collection featuring compass rose pendants, seashell pendants, starfish pendants, and nautical-themed accessories crafted from gold, silver, and semi-precious stones such as turquoise, lapis, and sapphire. Some pieces incorporate materials recovered from the Santa Margarita shipwreck. Targeted at general consumers and gift shoppers, with price points from $75–$389 for entry-level sterling silver pieces and $119–$309 for 14K gold items.
• Trade Beads 500-year-old Venetian glass trading beads recovered from shipwrecks off Hispaniola, mounted in sterling silver jewelry settings. The beads originate from historic trans-Atlantic trade routes and are sold as finished jewelry items targeted at collectors of maritime and trade-route history.
• Shipwreck Recovery Services Archaeologically-sensitive marine exploration and cargo recovery services targeting historic shipwrecks in shallow and deep waters. Services utilize proprietary magnetometers, side-scan sonar, and remotely operated vehicles to locate and recover artifacts. Operations target wrecks primarily in North and Central America including the Caribbean, conducted independently or in joint-venture arrangements such as the Swordfish Partners venture with Endurance Exploration.
• The Pulaski Gallery An online photo gallery showcasing artifacts recovered from the Steamship Pulaski (1838), including gold coins, pocket watches, silverware, and shipwreck material. The gallery documents the recovery and authentication of Pulaski artifacts and serves as the public-facing catalog for individual artifact sales.
• Santa Margarita Premium Designer Jewelry (Bradford James Collaboration) Exclusive premium jewelry pieces featuring Santa Margarita pearls designed in partnership with Bradford James Company, including signature items such as the La Margarita Mariposa pendant ($27,000) and the Santa Margarita Abrazar Ensemble ($50,000). Targeted at ultra-high-net-worth collectors seeking one-of-a-kind designer pieces incorporating genuine shipwreck-recovered pearls.
• Third-Party Shipwreck Research Studies Targeted shipwreck-area research studies conducted for investors and partners, providing estimated cargo values for specific wreck sites. Estimated cargo values for collectively targeted shipwreck areas approach $200 million based on these studies. Targeted at potential investors and joint-venture partners evaluating recovery opportunities.

Quantifiable outcome

• Recovered over $16 million in treasures and artifacts from Santa Margarita shipwreck
• +3 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Endurance Exploration Group, Inc. (EXPL)coreStrategic or Co-development Partner · 2 October 2019Joint venture partner for shipwreck recovery operations including SS Pulaski and SS North Carolina projects. Endurance provides historical shipwreck research database of over 1,400 ships with valuable cargoes. BWVI manages and conducts excavation and recovery operations. Operations conducted through Swordfish Partners joint venture.
• Swordfish Partners (subsidiary of Endurance)coreStrategic or Co-development PartnerParent company of Endurance's subsidiary that filed Admiralty Claim on SS Pulaski site. Joint venture entity managing the Pulaski recovery project with BWVI.
• Bradford James CompanycoreStrategic or Co-development PartnerExclusive jewelry design partner creating unique pieces using recovered Santa Margarita pearls. Collaborated on Butterfly in Motion pendant and Abrazar Ensemble. Partnership includes jewelry line marketing and sales.
• SponsorsOneminorGTM or Marketing PartnerBranding partner providing social media marketing through influencer network for treasure jewelry line. Includes digital currency platform and data-driven marketing campaigns.
• Asset Marketing Services (AMS/GovMint.com)minorChannel Partner/ Reseller/ DistributorPrimary coin distribution partner making recovered coins available to numismatic collecting clients. One of world's largest coin distribution companies.
• Guernsey's AuctioneersminorChannel Partner/ Reseller/ DistributorAuction house for Santa Margarita treasure pieces sales, including signature pieces sold at auction.
• Skinner's Auction HouseminorChannel Partner/ Reseller/ DistributorOnline auction of timepieces recovered from Steamboat Pulaski, with auction running April 6-14, 2020.
• Deep Blue ExplorationminorStrategic or Co-development PartnerSub-contract partner in Swordfish Partners joint venture for deep-sea exploration operations.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Odyssey Marine Exploration: Publicly traded marine salvage and shipwreck recovery company that locates, recovers, and monetizes cargo from historic wrecks (including the Spanish galleon San José). Directly comparable business model of underwater cargo recovery plus artifact/jewelry monetization.
• Endurance Exploration Group: Marine exploration and shipwreck recovery company and BWVI's active JV partner through Swordfish Partners. Operates the same recover-and-monetize model against a documented 1,400+ ship research database.
• Mel Fisher's Treasures: Iconic 1715 Fleet / Atocha treasure recovery company with a multi-decade track record of shipwreck salvage, jewelry design, and direct-to-consumer artifact sales—an almost identical operating model to BWVI's Santa Margarita jewelry business.
• Queens Jewels LLC: 1715 Fleet Spanish colonial treasure recovery company that recovers, certifies, and sells Spanish silver and gold coins plus artisan jewelry. Closely comparable product mix and numismatic distribution channels to BWVI's Pulaski and Santa Margarita businesses.
• Treasure Salvors International: Original Mel Fisher–led company that recovered the Atocha and 1715 Fleet wrecks; long-standing direct competitor in commercial historic shipwreck recovery with adjacent retail/auction distribution.
• Sub Sea Research: Marine exploration and shipwreck search firm operating side-scan sonar and ROV-based survey campaigns similar to BWVI's recovery technology stack; comparable services and target customer set.

Emerging players

• Deep Blue Exploration: Sub-contract partner inside the Swordfish Partners JV providing deep-sea exploration capacity for Pulaski and other sites. Smaller and more specialized than BWVI but materially overlapping in operating scope.

Others

• Numismatic Guaranty Corporation (NGC): Third-party coin authentication, conservation, and grading service used by BWVI for recovered Pulaski and Santa Margarita coins. Comparable only as an enabling ecosystem participant in the shipwreck-numismatic value chain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/bwvint
• Facebookfacebook.com/BlueWaterVenturesInternational
• Instagraminstagram.com/bwvint
• Pinterestpinterest.ca/bwvint

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Blue Water Ventures International