ST. PETERSBURG, Fla., Feb. 18, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – Treasure & Shipwreck Recovery, Inc. (“TSR” or “the Company”) (currently trading on the OTC under the ticker symbol BLIS), through its subsidiary TSR Media Group, has purchased a 9-year-old multiplatform mobile and desktop app developer site with a long and successful track record, including multiple Amazon.com “Best Sellers” in the lifestyle category. TSR will now have the expertise, software development capability and an existing revenue-producing arm to complete one part of its threefold business cycle, which consists of: treasure recovery as its main mission; providing a huge multiplatform gaming experience based on treasure recovery; and developing a reality television and multimedia pilot and series based on treasure recovery.

Founded in 2011, Flavorful Apps (http://www.flavorfulapps.com) is a 9-year-old multiplatform mobile and desktop app developer with a huge library of successful apps. For years, Flavorful Apps has offered interesting, advanced and easy-to-use recipe apps, food-related games and digital cookbooks through multiple platforms. Flavorful Apps recipes have been distributed for almost every mobile device including Android, Kindle, Nook, iPhone and iPad. The company presently has approximately 50 applications available on Amazon and Google Play.

“Flavorfulapps.com and its content are our solid entry into the app arena, and with their huge experience in getting apps onto platforms, we know our next creation in the gaming arena will be more than supported by their expertise. Having Flavorfulapps.com will create revenues but, more importantly, will provide the expertise in developing our next big project, the treasure game.  The game is well under development, and the name of the game will be announced at a future point along with the purchase of a great deal of intellectual property, trademarks and updates on development of the game. So, we are not just newcomers to the market,” stated Craig A. Huffman, acting CEO and founder of TSR. “Look for future announcements that will show we are not just in the media market but are advancing the treasure side of our business, as well. We are also currently exploring opportunities to expand our management side.”

TSR Media intends to utilize the experience of this new acquisition to help launch its mobile and desktop platform game, which would coordinate with the launch of a treasure hunting reality series scheduled to pilot in the fall of 2020. The game would allow fans to explore exciting undersea shipwrecks as if they were part an actual treasure wreck and recovery team.

The global gaming market is expected to reach $164 billion in 2020, with a year-over-year growth rate approaching as much as 10% and with game application subscriptions and in-app purchases continuing to expand.  In the competitive field of app development, the acquisition of Flavorful Apps looks to provide TSR Media with the systems, software, experience, distribution and “pedigree” to compete effectively in the marketplace. 

TSR expects to announce further developments and agreements along this line shortly, including executed agreements for the trademark of the game and the gaming development agreement with an extremely experienced production company.  TSR believes working hands-on in the industry with crews, projects, historical consultants, etc., and having such a treasure recovery company involved in the ownership and production of such businesses, will be unique and create these three revenue avenues for the future.

The Company’s updated website includes the new Media Group page at www.treasurewreck.com. TSR will be linking its new acquisition, www.flavorfulapps.com, which can be found on many sources including Android, Kindle, Nook, Windows, iPhone and iPad. The company presently has approximately 50 applications available on Amazon and Google Play.

FORWARD LOOKING STATEMENTS: This press release and the statements of representatives of TSR. (the "Company") related thereto contain, or may contain, among other things, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including any other statements of non-historical information. These forward-looking statements are subject to significant known and unknown risks and uncertainties and are often identified by the use of forward-looking terminology such as "guidance," "projects," "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," "ultimately" or similar expressions. All forward-looking statements involve material assumptions, risks and uncertainties, and the expectations contained in such statements may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results (including, without limitation, TSR’s ability to advance its business, generate revenue and profit and operate as a public company) could differ materially from those stated or anticipated in these forward-looking statements as a result of a variety of factors, including factors and risks discussed in the periodic reports that the Company files with OTC Markets (Pink Sheets). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.

COMPANY CONTACT: Website: www.treasurewreck.com

Craig A. Huffman EMAIL: Craig@treasurewreck.com

INVESTOR RELATIONS: TELEPHONE: (877) 723-5477

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