Marine Growth Ventures Inc. (fka MGRW)

[SevenTenEleven]

Marine Growth Ventures, Inc. Announces Agreement with Destiny Cruise Ventures


Destiny is a Multifaceted Company in the Timeshare & Vacation Industries

CAPE CANAVERAL, Fla.--(BUSINESS WIRE)--Marine Growth Ventures, Inc. ("MGV") (OTCBB:MGRW), a diversified high growth marine holding company, today announced an agreement between Marine Growth Canada, Ltd., its wholly owned subsidiary, and Destiny Cruise Ventures, Inc., a wholly owned subsidiary of Destiny Resorts ("Destiny"), as its Master Sales Agent for all on vessel and off site sales of the timeshare intervals. Destiny replaced Euro Oceans Company.

Destiny is a multifaceted and versatile company involved in all areas of the Timeshare/Vacation Ownership and resort development industry. Destiny will provide services to MGV on an exclusive basis. Destiny and its principal Steve Drummond have many years of experience in marketing and selling timeshare products.

Recently MGV announced registration and approval by the State of Florida in order to commence Timeshare sales on its M\V Pacific Aurora, a Canadian flagged vessel. MGV is the first company ever approved by the State of Florida to sell boutique timeshares on ships. MGV is committed to the timeshare space and expects the M\V Pacific Aurora to be the first of its planned timeshare conversions.

"This is one of the most exciting and unique products to be introduced to the timeshare industry in recent history. I am proud to be part of this exciting project," said Steve Drummond, Principal of Destiny Cruise Ventures and Destiny Resorts.

"The announcement of our Master Sales Agent is consistent with MGV's strategic plan for revenue and earnings growth during 2008 in the marine sector," stated Craig Hodgkins, President and Chief Executive Officer of Marine Growth Ventures. "Our agreement with Destiny Cruise Ventures marks the beginning of our selling phase which promises to be very successful under the guidance of Steve Drummond," he added.

The M\V Pacific Aurora will cruise Canadian waters offering both summer and winter itineraries. Timeshare owners will enjoy seven day cruises for time periods of their choosing in some of the most exotic and beautiful marine areas in the world.

"The acquisition of the M\V Pacific Aurora firmly positioned our company in the business of providing timeshare at sea," said Craig Hodgkins, President and Chief Executive Officer of Marine Growth Ventures, Inc. "We expect our marketing of these units to accelerate in upcoming weeks. Further, we are examining additional ships to provide new timeshare products for our customers in future months."

For direct sale information or to become an independent sales agent, contact Destiny at 417-339-3336 or e-mail at [e-mail].

About Marine Growth Ventures, Inc. (www.MarineGrowthVentures.com):

Marine Growth's mission is to find, develop, and place in service operating businesses related to our oceans; our vision is to build successful businesses while respecting and protecting our most important environmental resource - our oceans. Marine Growth Ventures seeks marine related opportunities in transportation, freight, aggregates, technology, energy, and homeland security.

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Safe Harbor Statement Under the Private Securities Litigation Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of MGRW could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rate and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, and such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.