SOURCE: Deep Blue Marine, Inc.

Deep Blue Marine, Inc.

March 29, 2010 08:00 ET

Deep Blue Marine, Inc. Prepares for Middle East Contract

SALT LAKE CITY, UT--(Marketwire - March 29, 2010) -  Deep Blue Marine, Inc. (PINKSHEETS: DPBE) announced today that the company has been asked to prepare final presentations and project analysis for a proposed recovery project in the Middle East.

The request comes after company officials traveled to the area and had one-on-one meetings with the groups in charge of the project. Deep Blue Marine, Inc. provided the recovery and remediation plans for the project which have now been tentatively accepted by officials with oversight for the project. Wilf Blum and James Cross will return to the area within the next thirty days with the intention of signing the contract which is being prepared at this time.

Wilf Blum, President and CEO, had this to say, "This is a giant step forward for our company. We have several joint venture partners who at this time are preparing their respective portions of the project. We hope to finalize all aspects of the recovery plan within thirty days. As always, Jim cross from Cross Marine Projects has played a large part in helping us put this together and we are very fortunate to have him as a close personal and corporate friend. We are looking forward to a long and enjoyable project."

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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. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.

Contact Information

  • Contact: Deep Blue Marine, Inc. 801-201-4691