SOURCE: Deep Blue Marine Inc.

May 23, 2007 16:04 ET

Deep Blue Marine Inc. Announces Completion of Due Diligence on Two Shipwrecks

SALT LAKE CITY, UT -- (MARKET WIRE) -- May 23, 2007 -- DEEP BLUE MARINE, INC. (PINKSHEETS: DPBM) is pleased to announce the completion of preliminary research and have compiled information on 2 significant wreck sites in 80 feet of water off the coast of the United States. The country of origin of the 2 ships has not yet been determined however there is a considerable debris field to be explored. The company plans to do some preliminary diving to recover enough artifacts to file an Admiralty Arrest on both sites and anticipates that the exploratory diving will take place in the summer of 2007. Recovery could be slated for as early as 2008 due to the sites the company has already committed resources to.

Randy Champion, Vice President of Deep Blue Marine, states, "This is significant in that it gives us more sites to explore in the next couple of years. Combined with what we are currently working on and the sites we are getting ready to commence work on this summer, we will be busy for the next ten years."

For more information on Deep Blue Marine Inc. (DPBM), go to www.alldeepblue.com or www.stockinformationsystems.com. or contact them at media@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

  • Contact:
    Wilf Blum
    801-201-4691 personal phone