BALTIMORE, MD -- (Marketwired) -- 07/18/13 -- Goldman Small Cap Research, a stock market research firm focused on the small cap and microcap sectors, has initiated research coverage of Innocap, Inc. (OTCQB: INNO) a marine exploration company specializing in research and development of ocean recovery projects.
Led by one of the most successful marine recovery pioneers, Innocap plans to engage in marine salvage operations in Asia and the Atlantic that combined potentially may be worth hundreds of millions of dollars. Innocap's founder, Paul Tidwell brings a history of marine salvage success. Tidwell located the legendary Japanese submarine I-52, the deepest marine recovery effort ever, in water 3 miles deep in the Atlantic which has 2 metric tons of gold on board worth an estimated $81M alone.
In addition to the I-52 project, INNO will soon begin salvage operations of a shipwreck located off the coast of the Philippines. The ship, based on preliminary studies, appears to contain a cargo of Chinese porcelain made during the Ming Dynasty. Reportedly worth millions, Innocap will be entitled to 50% of any cargo that is recovered from the salvage.
In the Goldman Opportunity Research report on the Company, analyst Rob Goldman outlines his investment thesis:
"Innocap is a great story that has broad appeal among public and private investors and appears poised to now become a great stock. Led by a renowned leader in marine salvage recovery, Innocap offers huge upside via the potential value of marine salvage recovery cargo (i.e., treasure) with the I-52 project potentially worth hundreds of millions alone. Plus, Innocap is poised to enjoy other revenue streams related to post-recovery operations including film production, education, promotion, entertainment and exhibitions. This model is similar to Premier Exhibitions which is known for its Titanic salvage and other, unique nationwide exhibitions. As Innocap initiates the return to I-52 and engages in its other salvage operations and related ventures, we expect that the Company's valuation will increase substantially."
To view the report and its disclaimers, or to download the report in its entirety, please visit www.goldmanresearch.com
About Goldman Small Cap Research: Led by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces small cap and micro cap stock research reports, daily stock market blogs, and popular investment newsletters. For more information, visit www.goldmanresearch.com.
A Goldman Small Cap Research report is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed. Please read the report's full disclosures and analyst background on our website before investing. Neither Goldman Small Cap Research nor its parent is a registered investment adviser or broker-dealer with FINRA or any other agency. To download our research, view our disclosures, or for more information, visit www.goldmanresearch.com.
About Innocap, Inc.: Innocap, Inc. (OTCQB: INNO) is a marine exploration company specializing in research and development of ocean recovery projects. The Company's research has shown there are many shipwrecks around the world which contain valuable cargo. Innocap, Inc. will treat all shipwrecks with respect and have archeological assessments on each qualified shipwreck. Innocap will utilize the latest technology available to enhance salvage projects.
For more information, please visit http://www.innocap-inc.com.
Goldman Small Cap Research
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