(a) Business Development

        Ocean Resources, Inc. (the "Company") was incorporated in the State of Delaware on April 14, 1999. The Company was originally incorporated as Clip "N Pierce Fashions, Inc., a manufacturer, designer, and marketer of jewelry products. Unable to implement its original business plan, the Company entered into an agreement on April 22, 2002 with Argosy International, Ltd., a Turks and Caicos Island corporation, whereby the Company acquired all of the issued and outstanding shares of Danepath Ltd., a United Kingdom company ("Danepath") and Titanic Explorations Limited, a...