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Deep Blue Marine Inc. Prepares to File Admiralty Claim
SALT LAKE CITY--(BUSINESS WIRE)--May 30, 2006--Deep Blue Marine Inc. (Pink Sheets: DPBM) is pleased to announce that the company is preparing to file Admiralty Claims on an undisclosed site where the company divers have pulled up evidence of an existing wreck.
In March of 2006 the company began exploring a site outside the 3 mile limit in deep water. 2 weeks ago four divers worked in the area and recovered enough evidence to file an Admiralty Claim with the United States Federal Court. Legal council is preparing the information at this time. The wreck appears to be an 18th century vessel, but the material brought to the surface and also electronic data are not sufficient to provide an exact date and country of origin. Once the Claim is acknowledged by the federal Government, the company will do more extensive recovery work at the location. Artifacts recovered will then be turned over to the company's researchers in the hope of establishing a positive ID of the wreck.
This claim is to be filed on behalf of Deep Blue Marine Inc., and is not a joint venture operation with any other entity at this time, however the company may use a deep water recovery team to assist in the recovery process due to the depth of the wreck.
For more information on Deep Blue Marine Inc. (DPBM), go to www.alldeepblue.com or www.stockinformationsystems.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.
Wilf Blum, 801-201-4691
SOURCE: Deep Blue Marine Inc.
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