Deep Blue Marine, Inc. Receives Go Ahead for Recovery on Permitted Site
September 02 2010 - 8:30AM
Marketwired
Deep Blue Marine, Inc., (PINKSHEETS: DPBE), announced today that
the company has received the requested recovery authorization on
the sites it is currently contracted. Deep Blue Marine, Inc.
previously signed an agreement to provide services in the area of
survey and recovery of artifacts for an undisclosed permitted area
on the north shore and has been doing so under the auspices and as
specified in its contract with 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
Cultural Subacuatico. This recovery authorization has been awarded
as the result of major historical finds in the contract area.
The location of the find will not be released to the public at
this time, but company vessels will be onsite until the recovery is
deemed completed.
Wilf Blum, President and CEO, stated, "Captain Billy and his
crew are to be commended for the professional manner in which they
have conducted this survey and the recovery so far. To date the
divers have recovered more than 120 silver coins, silver discs
varying in size from two pounds to twelve pounds, ship's fittings
and some gold jewelry pieces. Artifacts date to the early colonial
period and are now being turned over to the government. Although
this looks like a very promising site, and all indications are
pointing to a very successful recovery of substantial and important
artifacts, we are not yet prepared to name the ship or even the
origin as we have found links to three possible countries of
origin. Shareholders are advised that a recovery site has now been
opened, however no major structure has been found. We have found
well over 220 artifacts including ships fittings, weapons, and
coins, but no structure. Even though we are highly encouraged by
these finds, there is no definitive proof that there is a shipwreck
structure in this area. The authorization allows us to now excavate
the entire area and recover whatever artifacts we find. The
recovery is under the direction of Alejandro Selmi, our senior
staff archaeologist."
Mr. Blum went on to say, "As always, investing
in this type of venture is very risky and no one should invest in
this type of venture if they cannot safely tolerate that
risk."
Journalists and individuals seeking interviews are encouraged to
contact Mr. Randy Champion at Deep Blue Marine's head office in
Salt Lake City, Utah, phone 801-568-1873, cell 801-631-9104 or
e-mail at media@alldeepblue.com. All media will be directed through
Mr. Champion.
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
Deep Blue Marine (CE) (USOTC:DPBE)
Historical Stock Chart
From Jan 2025 to Feb 2025
Deep Blue Marine (CE) (USOTC:DPBE)
Historical Stock Chart
From Feb 2024 to Feb 2025