SOURCE: Deep Blue Marine, Inc.

Deep Blue Marine, Inc.

April 22, 2010 13:07 ET

Deep Blue Marine, Inc. Update

SALT LAKE CITY, UT--(Marketwire - April 22, 2010) -  Deep Blue Marine, Inc. (PINKSHEETS: DPBE) announced today that the company has taken possession of the 77 foot Kerri Lynn and a retrofit crew is now in Florida working on cleaning and removal of unneeded shrimp nets and other shrimp fishing equipment. 

The boat is the sister-ship to the 77 foot 88 ton boat the Capt N Tracy. Management has purchased dive equipment, excavation equipment, and navigation equipment and has begun to ship equipment to the boat in preparation for the voyage to the Dominican Republic. Management hopes to be ready to sail no later than May 1st 2010, weather permitting.

On a further note, company President and CEO, Wilf Blum has continued to purchase shares of the company in the open market for his own account, and at this time holds 133,338,149 free trade shares purchased from the market. Mr. Blum has taken no shares from treasury and expects to purchase several million more shares from the market for his personal and corporate accounts.

For more information on Deep Blue Marine, Inc. (DPBE) 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

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