SOURCE: Deep Blue Marine, Inc.

July 16, 2008 15:09 ET

Deep Blue Marine, Inc. Completes Negotiations for Filing Form 10

SALT LAKE CITY, UT--(Marketwire - July 16, 2008) - Deep Blue Marine, Inc. (PINKSHEETS: DPBE) announced today that the company has chosen its legal team that will file the form 10 and assist the company in moving off the Pink Sheets. As part of this effort the auditors will actually travel to Terry's site and witness the recovery of artifacts as part of the due diligence required for this filing. Audits are expected to begin in August and management anticipates being able to move the company off the Pink Sheets by the end of the year.

Wilf Blum, President and CEO, said, "As the company has become more and more successful it is only natural to move it to a more senior exchange. It is certainly in the best interest of the shareholders and also will provide a much greater window for the shareholders to see into the operations of the company."

For more information on Deep Blue Marine Inc. (DPBE) go to or

"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.

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