Deep Blue Marine, Inc. President Prepares to Purchase Shares in Open Market and Continue Operational Loans to the Company
November 26 2009 - 4:00AM
Marketwired
Deep Blue Marine, Inc. (PINKSHEETS: DPBE) President and CEO Wilf
Blum announced today that he is preparing to purchase shares in the
open market for his corporate account and has committed personal
funds to the continued operations of Deep Blue Marine, Inc.
Mr. Blum is quoted as saying, "The future of Deep Blue is very
positive as the company moves forward with plans for 2010. I have
made the decision to invest more of my personal funds into the
company. As of today I have purchased 88,000,000 shares of the
company out of the public markets and hope to be able to increase
that position in the near future. I have also lent the company over
$1,900,000 operationally; to date that is secured by a convertible
note. I intend to continue to fund the company through personal
funds until such time as the company can fund itself. I appreciate
the support the shareholders have shown and remain committed to
this project. Deep Blue is moving forward in many areas such as
contract development in other countries and the increased attention
of management on areas that provide income. The division of the
company known as Deep Blue Treasures, which buys and sells scrap
gold, has steadily increased and should soon be contributing to the
bottom line, plus we have plans for 2010 in 3 other areas that will
increase cash flow to the point that the company may, for the first
time, be in a positive cash flow position. That is expected to
happen in the beginning of the third quarter of 2010, but only time
will tell. I'm very excited about the future of this company.
Anyone thinking of investing in this type of operation should keep
in mind the risks of this type of investment. The job requires long
days, weeks, months and sometimes years of searching the ocean
floor, looking through records and undertaking thousands of dives
all based on the hope that we will find gold, silver and other
precious artifacts from the past. No one should invest in Deep Blue
Marine who can not afford to wait as we keep going forward towards
our goals. It may take us years to find what we are looking for,
but then THIS IS THE DIVE!"
For more information on Deep Blue Marine, Inc. 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: Deep Blue Marine, Inc. 801-201-4691
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