SOURCE: Deep Blue Marine, Inc.

Deep Blue Marine, Inc.

March 31, 2010 11:50 ET

Deep Blue Marine Inc. Upgrades Search Electronics

SALT LAKE CITY, UT--(Marketwire - March 31, 2010) -  Deep Blue Marine Inc. (PINKSHEETS: DPBE) announced today that the company has decided to purchase a new towable magnetometer to prepare for work to be performed by the Lady Laura for the 2010 survey season. The new mag will allow the company to check several hundred feet of ocean floor per pass of the boat. This becomes very important as we prepare and undertake the survey of larger areas.

Wilf Blum, President and CEO of Deep Blue Marine, Inc., had this to say, "By adding this new mag to our current equipment we will be able to not only see the ocean floor, but we will be able to penetrate several feet under the surface. We have state of the art side scan sonar, but this new mag will give us much better eyes for locating wreck sites. If there is metal on the site, we will find it. The company owns two other mags, but the technology we had was just outdated, and both mags needed a retro fit. The cost would have been more than purchasing a complete new system. By adding this adding this new mag our archaeologist will be able to narrow down our field of search very quickly and hopefully increase production."

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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