DPBM...Deep Blue Marine Inc. Receives Strong Upgrade by Respected Research Firm; Management Reaches Agreement to Retain 20% of Net Profit from $500 Million Deep Water Salvage of Treasure
Apr 25, 2006 5:00:00 AM
Copyright Business Wire 2006
SALT LAKE CITY--(BUSINESS WIRE)--April 25, 2006--
Deep Blue Marine Inc. (Pink Sheets: DPBM) is pleased to announce a well-respected firm, TRI-STATE Capital (TSC), has upgraded their equity rating on DPBM. This strong upgrade comes at a time when the company has signed an agreement to assist in the deep water recovery of an estimated $500 million of treasure. Deep Blue Marine will retain 20% of the net profit from the salvage they recover at the site. Project is anticipated to be completed by year-end 2006.
TSC is noted for their work with account executives, analysts, portfolio managers, institutions, venture capital investors, individual investors and the media. To view the entire independent research report, please click on the attached URL: otclive.com.
Wilf Blum, president and CEO of Deep Blue Marine, stated, "We are honored to have a quality independent research firm review our overall operations, progress and to provide the resulting upgrade in our stock. This offers further confirmation to our shareholders that our company is headed in the right direction." Blum further stated, "Our deep water salvage generated better than expected results. Our technology, combined with other groups, has produced strong anomalies that include gold, silver, bronze and emeralds."
About Deep Blue Marine Inc.
Deep Blue Marine Inc. is engaged in deep water exploration and recovery of important treasures and artifacts worldwide. In the coming season, the company will dive on known and permitted wrecks as well as establish exact locations of other known wrecks. All work will be video recorded.
Forward-Looking Statements
This press release contains forward-looking statements. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially.
Source: Deep Blue Marine Inc.
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Deep Blue Marine Inc.
Salt Lake City
Wilf Blum
801-201-4691
www.alldeepblue.com |
