Deep Blue Marine Inc. Signs Agreement to Assist in the Recovery of $500 Million (Estimated) Treasure
SALT LAKE CITY--(Business Wire)--March 29, 2006--
Deep Blue Marine Inc. (Pink Sheets: DPBM) is pleased to
announce that the company has signed an agreement for recovery
assistance to Aqua Gems of the Treasure Coast Inc. for the permitted
recovery of a wreck believed to be of Spanish origin but has not been
identified in the permit application. Research shows that a ship of
known origin sunk in the permit area and was carrying a cargo of 16
chests of silver and four chests of gold when she went down. The
manifest value in today's values puts the wreck at more than $500
million. The wreck is believed to carry contraband that may also be
worth millions.
As per contract, the state will keep 25% of the salvage, and Deep
Blue Marine Inc. will retain 20% (net) of the salvage they recover
from the site. There are two other salvage companies working in
concert with Deep Blue Marine Inc., and it is hoped that the project
can be completed in the 2006 season.
For more information on Deep Blue Marine Inc. (DPBM), go to
www.alldeepblue.com or www.stockinformationsystems.com.
Deep Blue Marine Inc., Salt Lake City
Wilf Blum, 801-201-4691
Copyright Business Wire 2006
29Mar06 10:00 GMT
Symbols:
us;DPBM
