Executive Summary

cannon-lift-08bIntersal is a Florida based “S” corporation which in 1996 discovered Queen Anne’s Revenge (QAR), flagship of Blackbeard the Pirate, which sank near Beaufort Inlet, NC in 1718. Since then Intersal has searched for El Salvador, a privately-owned Spanish merchant vessel which also sank near Beaufort Inlet, in 1750.

Based on the 1996 discovery of Blackbeard’s QAR, Intersal holds media rights to all commercial narrative (pictures, video, etc.) of the QAR project; and right to make and market both exact replicas and collectable reproductions of QAR artifacts.

El Salvador’s treasure consists of four chests of Gold coins and sixteen chests of Silver coins, plus considerable contraband believed to include Emeralds. Total value of the treasure is (very conservatively) estimated to be in excess of $150 million dollars.

As a consulting firm, Intersal benefits from over 20 years of experience in marine operations, government/private industry relations and permitting. Intersal personnel have extensive experience in these fields, as well as military/government/private industry partnerships and technology.


To Recover and “Bring History to Life” for the Education and Benefit of All.


David Reeder – President & CEO

John Masters – Chairman of the Board, Archaeological Technician

Kevin Meadows – Vice President & COO, Security

Glenn Haft – Treasurer & CFO

Allan Fields –Vice President, Board Member

Thomas Moran – V.P. of Marketing & New Investor Relations, Officer

Stephen Snow – Website & Creative Design

George ‘Chip’ LuckTechnology & Product Development

Nic Meadows – Lead Diver

Dave Shilling – Diver & Security

Scope of Operation

Marine Recovery

Consulting (Marine Operations, Shipwreck Location & Recovery,  Government/Military/Private Industry Partnerships & Technology)

QAR Replicas & Commercial Media

Financial Institutions


Bank of America


Glenn Haft (Haft, Steinlauf & Co)

Legal Representation

Link Harris Law Group PLLC

Ken McCotter, Attorney At Law

Hartman, Davis & Wright, LLP

Horan, Wallace & Higgins, LLP

Professional Consultants

David Weinstein (DNA Partners LLC) – Financial

Rob Reedy – Research, History, Archaeology

Jim Whitaker – Marine Operations