Deep Blue Marine, Inc. Announces Development of New Subsidiary Company in the Dominican Republic
March 23 2010 - 9:15AM
Marketwired
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: Deep Blue Marine, Inc. 801-201-4691
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