SOURCE: Deep Blue Marine, Inc.

Deep Blue Marine, Inc.

November 26, 2009 05:00 ET

Deep Blue Marine, Inc. President Prepares to Purchase Shares in Open Market and Continue Operational Loans to the Company

SALT LAKE CITY, UT--(Marketwire - November 26, 2009) - Deep Blue Marine, Inc. (PINKSHEETS: DPBE) President and CEO Wilf Blum announced today that he is preparing to purchase shares in the open market for his corporate account and has committed personal funds to the continued operations of Deep Blue Marine, Inc.

Mr. Blum is quoted as saying, "The future of Deep Blue is very positive as the company moves forward with plans for 2010. I have made the decision to invest more of my personal funds into the company. As of today I have purchased 88,000,000 shares of the company out of the public markets and hope to be able to increase that position in the near future. I have also lent the company over $1,900,000 operationally; to date that is secured by a convertible note. I intend to continue to fund the company through personal funds until such time as the company can fund itself. I appreciate the support the shareholders have shown and remain committed to this project. Deep Blue is moving forward in many areas such as contract development in other countries and the increased attention of management on areas that provide income. The division of the company known as Deep Blue Treasures, which buys and sells scrap gold, has steadily increased and should soon be contributing to the bottom line, plus we have plans for 2010 in 3 other areas that will increase cash flow to the point that the company may, for the first time, be in a positive cash flow position. That is expected to happen in the beginning of the third quarter of 2010, but only time will tell. I'm very excited about the future of this company. Anyone thinking of investing in this type of operation should keep in mind the risks of this type of investment. The job requires long days, weeks, months and sometimes years of searching the ocean floor, looking through records and undertaking thousands of dives all based on the hope that we will find gold, silver and other precious artifacts from the past. No one should invest in Deep Blue Marine who can not afford to wait as we keep going forward towards our goals. It may take us years to find what we are looking for, but then THIS IS THE DIVE!"

For more information on Deep Blue Marine, Inc. go to www.alldeepblue.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995

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