SOURCE: Deep Blue Marine, Inc.

June 26, 2008 13:06 ET

Deep Blue Marine Effects Dividend Distribution

SALT LAKE CITY, UT--(Marketwire - June 26, 2008) - Deep Blue Marine (PINKSHEETS: DPBE), an international marine salvage and exploration company, today announced the receipt of Oceanic Research & Recovery, Inc.'s (ORR) shares certificates representing the recently declared stock dividend.

Under the agreement with ORR, each Deep Blue shareholder as of June 3, 2008 will receive one share of ORR's $.001 par value common stock as a dividend. The ORR share certificates will be delivered to the Deep Blue shareholders that qualify for the dividend.

The company's management believes that its shareholders will recognize greater value by owning shares of two companies in related industries. The ORR shares were issued to Deep Blue in consideration of ORR's purchase of the company's excess assets and treasure recovery rights in Key West, Florida.

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"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:
    Wilf Blum