Marine Exploration, Inc. (OTCPK:MEXP) signed a letter of intent to acquire Isabel Villas Golf and Country Club and Marina, Inc. on February 29, 2012. As of May 8, 2012, Marine Exploration has moved into the second phase of due diligence with regard to the letter of intent signed. As of September 19, 2012, the transaction is still pending approval from the Dominican Ministry of Environment.

Marine Exploration, Inc. (OTCPK:MEXP) cancelled the acquisition of Isabel Villas Golf and Country Club and Marina, Inc. on March 19, 2013.