SOURCE: Deep Blue, Inc.

November 04, 2013 07:00 ET

Deep Blue, Inc. Announces Name Change and Reorganization

STATEN ISLAND, NY--(Marketwired - Nov 4, 2013) - Deep Blue, Inc. (OTC Pink: DPBL) is pleased to announce the Company will change its name to Bell Rose Capital and will be filing to become a reporting company with the SEC.

The Company will also effect a reorganization and recapitalization which will consist of a reverse split of 1 new share for every 2,062 shares.

Deep Blue, Inc. President Frank Rizzo stated, "The opportunity to deliver shareholder value through the real estate market has never been greater than right now. We are seeking opportunities that are value driven where we will be able to enhance cash flow through rental appreciation and management efficiencies. Our shareholders will be the direct beneficiary of these efforts."

Deep Blue, Inc., headquartered in New York, is a real estate investment and development company focused on acquiring and repositioning distressed and mismanaged real estate assets. President Frank Rizzo is also the founder and broker of Cornerstone Realty Partners, Inc., an NYS brokerage company where he serves as a Director for the Staten Island Board of Realtors. For his work on recent projects, Mr. Rizzo was featured in the NY Daily News, Best Places to Live, and was recognized by earning the 20 under 40 Leadership Award on Staten Island in 2013.

Safe Harbor Statement - In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within this press release can also be found on the Company's website. The Company disclaims any responsibility to update any forward-looking statements.

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