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MARITEK ANNOUNCES THE FIRST SALES CONTRACT OF SOME OF ITS LAND

 MARITEK ANNOUNCES THE FIRST SALES CONTRACT OF SOME OF ITS LAND
 CORPUS CHRISTI, Texas, May 26 /PRNewswire/ -- Maritek Corporation announced today that it has entered into a contract with a native of Long Island, Bahamas to sell 23 acres of its 25,000 acre property on Long Island, Bahamas for a total consideration of US$100,000. The 23 acres include 3 acres residential property and 20 acres industrial land.
 The importance of this contract is that it establishes a price for the land the company owns. These 25,000 acres of land, with over 40 miles of waterfront on the sea, are the company's major asset.
 -0- 5/26/92
 /CONTACT: Michael Tsai of Maritek, 512-851-2701, or (fax) 512-851-2257/ CO: Maritek Corporation ST: Texas IN: SU:


TS-TQ -- NY047 -- 3748 05/26/92 12:01 EDT
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Publication:PR Newswire
Date:May 26, 1992
Words:136
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