SOURCE: Deep Blue Marine, Inc.
June 26, 2008 13:06 ET
Deep Blue Marine Effects Dividend Distribution
SALT LAKE CITY, UT--(Marketwire - June 26, 2008) - Deep Blue Marine (PINKSHEETS: DPBE), an
international marine salvage and exploration company, today announced the
receipt of Oceanic Research & Recovery, Inc.'s (ORR) shares certificates
representing the recently declared stock dividend.
Under the agreement with ORR, each Deep Blue shareholder as of June 3, 2008
will receive one share of ORR's $.001 par value common stock as a dividend.
The ORR share certificates will be delivered to the Deep Blue shareholders
that qualify for the dividend.
The company's management believes that its shareholders will recognize
greater value by owning shares of two companies in related industries. The
ORR shares were issued to Deep Blue in consideration of ORR's purchase of
the company's excess assets and treasure recovery rights in Key West,
For further information please visit www.alldeepblue.com,
www.oceanicresearchandrecovery.com or www.goldenboards.com
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Statements in this press release relating to plans, strategies, economic
performance and trends, projections of results of specific activities or
investments, and other statements that are not descriptions of historical
facts may be forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
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