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BURLINGTON, Mass., May 22, 2017 (GLOBE NEWSWIRE) -- Endurance International Group Holdings, Inc. (NASDAQ:EIGI), a leading provider of cloud-based platform solutions designed to help small and medium-sized businesses succeed online, today announced a potential refinancing of its senior secured term loans to reduce interest expense and extend the maturity of the term loans that currently mature in November 2019. The consummation of the potential refinancing is subject to completion of definitive agreements as well as market and other conditions. There can be no assurance that the refinancing will occur, or, if it does, as to the terms or conditions of the refinancing. Endurance also announced today that it is confirming its previously announced 2017 GAAP revenue, adjusted EBITDA and free cash flow guidance, as set forth in its earnings release issued on May 2, 2017. The company’s free cash flow guidance does not reflect the impact of the potential refinancing. Endurance International Group Holdings, Inc. (NASDAQ:EIGI) (em)Powers millions of small businesses worldwide with products and technology to vitalize their online web presence, email marketing, mobile business solutions, and more. The Endurance family of brands includes: Constant Contact, Bluehost, HostGator, iPage, Domain.com, BigRock, SiteBuilder and SinglePlatform, among others. Headquartered in Burlington, Massachusetts, Endurance employs more than 4,000 people across the United States, Brazil, India and the Netherlands. For more information, visit:  www.endurance.com. Endurance International Group and the compass logo are trademarks of The Endurance International Group, Inc.  Constant Contact, the Constant Contact logo and other brand names of Endurance International Group are trademarks of The Endurance International Group, Inc. or its subsidiaries. This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, concerning the potential refinancing. These forward-looking statements reflect our current views about our plans, intentions and expectations, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions and expectations as reflected in or suggested by these forward-looking statements are reasonable, we can give no assurance that they will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and may be affected by a variety of risks and factors that are beyond our control, including, without limitation: market conditions, regulatory developments, domestic and global political developments, and other risks set forth under the caption “Risk Factors” in our Quarterly Report on Form 10-Q for the period ended March 31, 2017 filed with the SEC on May 9, 2017 and other reports we file with the SEC. We assume no obligation to update any forward-looking statements contained in this document as a result of new information, future events or otherwise.


CLEARWATER, FL--(Marketwired - May 8, 2017) - Endurance Exploration Group, Inc., ( : EXPL) ("Endurance" or the "Company"), a company specializing in shipwreck research, survey and recovery, announces that, operating through its joint-venture, Swordfish Partners (the "Joint Venture"), the Company has located and conducted preliminary survey operations on a ship wreck site that is believed to be the remnants of an early 1800s American, wooden-hulled, passenger steam ship ("American Passenger Steam Ship" or "Target") located some forty (40) miles off the coast of North Carolina. Based upon the Company's research files and the research and other data contributed by its joint venture partner, Deep Blue Exploration, LLC dba Marex, the Company, operating through its Joint Venture, conducted side-scan sonar search and survey operations off the coast of North Carolina during the spring of this year. The Company has located what it believes to be the remnants of its targeted search during this phase of its operations, an American Passenger Steam Ship, which may contain a valuable cargo of passenger artifacts, specie, and jewelry. The wreck site lies some forty miles off the coast of North Carolina and the wreckage pattern, debris field, machinery characteristics, and other information leads the Company to believe it is possibly the American Passenger Steam Ship that was the subject and Target of the Company's Joint Venture search. The Company's Joint Venture expects to conduct additional survey operations in the near term, in an effort to positively identify the wreckage as its Target and, if warranted, move the project from a survey operation to a salvage operation beginning in the summer of this year. Endurance CEO, Micah J. Eldred, further commented, "We are very pleased with the results of our initial search and survey for this recently discovered shipwreck. If ultimately confirmed as the subject of our targeted search, the American Passenger Steamship may represent a unique opportunity for our Company and our shareholders. Based upon our archival research, we believe passengers lost significant amounts of specie and valuables on the American Passenger Steamship we have been searching for, and the location of this wreck site, if positively confirmed, may represent a salvage process that should prove to be less technically challenging and less costly than some of the other, deep-water, projects we are working on." Endurance's Joint Venture has petitioned the U.S. Federal Courts for the Middle District of Florida for a claim of the shipwreck, an appointment of the Joint Venture as substitute custodian of the shipwreck and a salvage award or title to the shipwreck and its cargo. If granted, Endurance plans to return to the wreck site to conduct salvage operations, beginning in 2017. About Endurance Exploration Group, Inc.: Endurance Exploration Group, Inc. specializes in historic shipwreck research, subsea search, survey and recovery of lost ship containing valuable cargoes. Over the last 8 years, Endurance has developed a research database of over 1,400 ships that are known to be lost with valuable cargoes in the world oceans, and in 2013 began subsea search and survey operations. About Deep Blue Exploration LLC dba Marex JV partner, Deep Blue Exploration, LLC dba Marex of Memphis, Tennessee has been researching, locating, and salvaging historic and valuable shipwrecks for over 25 years. Some of their better known ship wreck projects include the famous galleon Nuestra Senora de las Maravillas which sank in the Bahamas in 1656, El Cazadore 1780, SS North Carolina 1840, SS Merida 1911, and SS Ancona 1917. Marex Chairman, Captain Herbo Humphreys, commented, "we are excited and confidence to be working with Endurance, and we feel this American Passenger Steamship project may ultimately prove to be one the most historic and economically viable projects we have been involved with over the years." In the coming weeks, the Company may be posting sonar and still images as well as video footage of the shipwreck to its website and to its Facebook page at the following links: This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties including but not limited to legal and operational risks of offshore, historic shipwreck recovery. Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from the anticipated. The information contained in this release is as of May 8, 2017. Endurance Exploration Group, Inc. assumes no obligation to update forward-looking statements contained in this press release as the result of new information or future events or developments.


Patent
Endurance | Date: 2016-01-22

Methods and systems related to guided workflows for establishing a web presence include a customer user interface with a guided workflow layer based on a knowledge base about the customer, wherein the customer interface allows a customer to manage a customers web presence based on operation of a logic engine that accesses information about what a customer has done and who the customer is (e.g. type of business), wherein the user interface presents a guided workflow of tasks associated with a recommended area of improvement for the customer.


Patent
Endurance | Date: 2014-05-07

A method of depositing tantalum to form a tantalum coating on substrates is provided. The method comprises preparing a tantalum-containing mixture having a tantalum donor, a halide activator, and a tantalum halide activator; preparing a substrate for deposition of the tantalum from the tantalum-containing mixture; and heating the substrate and the tantalum-containing mixture to a given temperature to deposit the tantalum on the substrate.


Powder compositions are described having, as constituents: an aluminum donor powder, an aluminum-containing activator powder comprising at least 50 wt. % KAlF_(4), and an inert filler powder. Related methods and coatings are also described.


A system for virtualizing service delivery of a plurality of website hosting architectures includes a first website hosting architecture that is adapted to provide a plurality of website hosting services, a second website hosting architecture that is adapted to also provide a plurality of website hosting services. The system further includes a service delivery layer for delivering a portion of the plurality of website hosting services from the first and second website hosting architectures, and a virtualization layer configured to abstract the service delivery layer from each of the first website hosting architecture and the second website hosting architecture.


Patent
Endurance | Date: 2013-01-11

Methods and systems related to guided workflows for establishing a web presence include a customer user interface with a guided workflow layer based on a knowledge base about the customer, wherein the customer interface allows a customer to manage a customers web presence based on operation of a logic engine that accesses information about what a customer has done and who the customer is (e.g. type of business), wherein the user interface presents a guided workflow of tasks associated with a recommended area of improvement for the customer.


Patent
Endurance | Date: 2013-01-11

An app store provides a searchable catalog of selectable elements representing programs that provide capabilities for enabling the online presence of a customer, and automatically installs such programs and enables such web presence-enabling capabilities upon selection by the customer of the selectable element.


An automated tool for migrating a website hosting service from a first website hosting architecture to a second website hosting architecture, wherein a virtual network is used during migration to facilitate keeping the services available during the movement of IP addresses from one architecture to the other architecture.


Powder compositions are described having, as constituents: an aluminum donor powder, an aluminum-containing activator powder comprising at least 50 wt. % KAlF_(4), and an inert filler powder. Related methods and coatings are also described.

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