SOURCE: Deep Blue Marine, Inc.

Deep Blue Marine, Inc.

March 15, 2010 16:48 ET

Deep Blue Marine, Inc. Announces Completion of Contract With Tracy Bowden and Preparation for the Next Project

SALT LAKE CITY, UT--(Marketwire - March 15, 2010) -  Deep Blue Marine, Inc. (PINKSHEETS: DPBE) reports that after two years of hard work on the underwater archaeological recovery of the French ship "Le Scipion" in Samana Bay in the Dominican Republic, the contract has terminated. The exploration of this significant warship was often done under adverse conditions and poor visibility. The contract was under the tutelage of Tracy Bowden and was in place for the last two years. Deep Blue Marine is grateful for the trust and confidence that Mr. Bowden placed in them by bringing Deep Blue Marine, Inc. from Florida and subcontracting the company on the wreck site.

Deep Blue Marine, Inc. has completed its work at the archaeological site, with an invaluable collection of historical information including navigational gear, ships rigging, weapons and coins as well as artifacts of daily life, all of which have great historical and archaeological importance. Many of these pieces will be placed on exhibit at the museum that the company is currently building in the city of Samana, in the Dominican Republic.

Deep Blue Marine Inc. announces moreover, that they are currently preparing for the next project under direct contract with the Dominican Ministry of Culture and the National Underwater Cultural Heritage. We know from historical studies that this country was an important area of intercontinental traffic from the fifteenth to eighteenth centuries; specifically with Spanish, French, British and Dutch ships. This area was also frequented by privateers, both private and government sponsored, and has significant archaeological interest.
Deep Blue Marine, Inc. has high expectations for the next two years.

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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.

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