SOURCE: Deep Blue Marine, Inc.

Deep Blue Marine, Inc.

March 23, 2010 10:15 ET

Deep Blue Marine, Inc. Announces Development of New Subsidiary Company in the Dominican Republic

SALT LAKE CITY, UT--(Marketwire - March 23, 2010) -  Deep Blue Marine, Inc. (PINKSHEETS: DPBE) announced today that the company has filed a new business entity for the Dominican Republic. The new company will be registered as "Deep Blue Marine International" and is wholly owned by Deep Blue Marine, Inc. Deep Blue Marine has retained the services of one of the top law firms in Santo Domingo to facilitate the incorporation process and to provide the educational background in dealing with international law. The incorporation papers have already been signed and the entity has been created. The purpose for the filing is to allow the company to go forward with expanding business purposes in that country.

In conjunction with this filing the company has applied for a tax payer ID number and will be opening new bank accounts in the Dominican Republic.

Management would also like to inform the shareholders that the Lady Laura, a survey and recovery vessel owned by Captain Billy Rawson, has arrived at the company's docking site in Samana Bay. The company will be using the Lady Laura for survey work and shallow water recovery this season.

For more information on Deep Blue Marine Inc. (DPBE) go to www.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:
    Deep Blue Marine, Inc.
    801-201-4691