Item 1.01 Entry into a Material Definitive Agreement
On December 1, 2020 Blue Water Petroleum Corp. amended the acquisition agreement dated May 18th, 2020, of Atakam for its remediation technology and will issue a total of 25,000,000 shares of Blue Water at a value of $0.05 to complete the transaction. Atakam provides a variety of remediation solutions to clean some of the world’s most urgent environmental pollution problems. The company is focused on remediation of lagoons of oil sludge created during the drilling and refining of crude oil, crude oil spills on land and water from pipelines and drilling rigs, mountains of used automotive tires, air pollution and effluent run-off from animal feedlots, and lastly, blocked municipal sewers and odoriferous settling ponds. Atakam employs several technologies to combat these various pollution problems that are destroying the quality of our natural land, air, and water. These technologies can generate revenue from the cleanup services, and from the sale of products that are created as a result of the remediation processes.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 01, 2020 Mr. Tom Hynes resigned as the sole officer and Director of the company.
On December 01, 2020 the Company added Jose Kreidler as its President and as a Director.
Jose is a managing director at CRESO Capital Partners, a leading boutique middle-market investment banking firm specializing in strategic M&A, capital market transactions, and structuring financings from a broad range of institutional investors and family offices. In addition to working in over 70 transactions Jose leads the underwriting, financial analysis, and syndications divisions. Mr. Kreidler was also a principal in the mezzanine lending division of CRESO’s Mezzanine JV and was responsible for sourcing, structuring, negotiating and overseeing CRESO’s principal investment opportunities.
Jose holds an M.B.A. with concentrations in Finance and Information Systems from the A.B. Freeman School of Business at Tulane University and a Bachelor in Science of Mathematical Economics also from Tulane University. Mr. Kreidler is an active member in the Southern California business community and is a member of the National Society of Hispanic MBAs (NSHMBA), Association for Corporate Growth, Latino DealMakers, and was a member with New America Alliance.
On December 01, 2020 the Company added Alexander Dekhtyar as a company Director
Alex Dekhtyar, CEO, Chairman of the Board. Alex is a financial specialist who has in excess of 15 years’ experience in finance and business development. He brings a wide variety of strengths that include strong international banking expertise, financial management, and marketing. Alex was President of Avalon Capital Holdings Inc. a publicly traded international technology company that specialized in bank and brokerage house software. Alex has over 15 years of experience in the management of start-up companies, including ten years involved specifically in foreign exchange (FOREX). He is sought after for his abilities to take companies with promising technologies and properly structure them to allow them to successfully achieve their business strategies. Alex has significant experience in business development outside the United States, especially in Eastern Europe and the former Soviet Union.
On December 01, 2020 the Company added Dmytro Yankovyi as a company Director
Dmytro is an Engineer - Technologist of Chemical Engineering, author of a number of patents in the field of thermal destruction, chief engineer of and built 23 plants for the processing of hazardous waste by thermal destruction. He is also the developer of new technological processes for chemical and petrochemical complexes. He graduated from Kirovograd Machine-Building Institute, specializing in the management of machine-building enterprises. From 2008 to 2010 Deputy Director of Southern Oil Ecology Company. From 2010 to 2012 the director of the iPec company in Odessa, Ukraine. From 2012 to 2017 he was the director of iPec in St. Petersburg, Russia. From 2017 Chief Technical Officer at Pyrolysis Technology Group.
Atakam - ADVANCED TECHNOLOGY DEVELOPMENT GROUP
CRESO Capital Partners
Corporate Finance and M&A Advisory
Our mission is to advise smaller middle market profitable companies with their corporate finance needs and M&A transactions.
CRESO excels in the industry through our focus on strategy formulation and alternative solution-driven structures.
With a tremendous growth rate since its inception CRESO Capital Partners continues to emerge as a leading boutique investment banking firm for US based companies and global companies & acquirers with revenues between $30mm to $550mm.
Mezzanine Growth Capital - Preserving Equity Ownership
We target capital needs between $3mm to $15mm for growth, recapitalization, and acquisitions. Business owners who wish to take some chips off the table, we provide alternatives that support this strategy and a Phase II growth strategy. Companies have positive EBITDA >$2mm - $15mm. Syndication for transactions >$15mm will be considered.