SOURCE: Deep Blue Marine, Inc.

July 12, 2010 14:22 ET

Deep Blue Marine, Inc. Signs Contract to Recover Artifacts in Punta Cana Dominican Republic

SALT LAKE CITY, UT--(Marketwire - July 12, 2010) -  Deep Blue Marine, Inc. (PINKSHEETS: DPBE) announced today that under the auspices and existing contract that Fundacion PuntaCana has with the Ministry of Culture of the government of the Dominican Republic and working under the supervision of the Marina de Guerra Dominicana and an inspector from the Oficina Nacional de Patrimonio Cultura Subcuatico, Deep Blue signed a subcontract agreement to provide services in the area of survey and recovery of artifacts for an undisclosed permitted area. The company- owned dive and recovery vessel "Kerri Lynn" will be on site within days to begin work. Management hopes the boat will be on site for approximately 20 days per month weather permitting.

Deep Blue Marine, Inc. has been in the recovery business now since January 2006 and has recovered airplanes, modern sunken vessels, industrial equipment and historic ship wrecks. The company houses many of its artifacts in a company owned museum located in Samana, Dominican Republic and plans to open similar venues in the country in the near future.

This is the second contract of this type that the company has entered into. Deep Blue Marine, Inc. remains committed to recovery of historical artifacts and is pleased to be allowed to work in this area.

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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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