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Press Release Source: Deep Down, Inc. (just to keep it front and center)


ElectroWave Appoints Lieutenant Commander Gregory Boucher President of ElectroWave
Tuesday January 22, 3:21 pm ET


HOUSTON, Jan. 22 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW - News) today announced that Lieutenant Commander Gregory Boucher (retired, USN) has been appointed President of ElectroWave USA, Inc. (subsidiary), effective immediately. Mr. Boucher joined ElectroWave on October 25, 2007. Mr. Boucher brings a wealth of military and marine experience, expertise, and contacts to ElectroWave. His primary focus will be on managing the growing number of commercial and government clientele including energy related companies, major shipyards, the U.S. Navy, and the U.S. Coast Guard, and certain product development projects. ElectroWave is keenly focused on expanding its existing customer base and markets.

Lt. Cmdr. Boucher has served in numerous positions of responsibility including deck department, combat systems, and operations over his 23 years of Naval Service. In his most recent command, Lieutenant Commander Boucher served as Executive Officer of the Navy Operational Support Center in San Antonio, Texas. He is distinguished in his highly decorated Naval career, having been promoted from the enlisted ranks to Surface Warfare Officer. He has served in numerous key positions ranging from officer-of-the-deck, tactical action officer, and engineering officer of the watch, to force protection.

Martin Kershman, who has served as President of ElectroWave for eight years, will be leaving for personal reasons. He will continue to serve as a consultant to ElectroWave in further developing and implementing its marketing and sales strategies. "We appreciate Mr. Kershman's past contributions to ElectroWave and wish him the best in his personal endeavors," commented Ronald E. Smith, Deep Down's President and CEO. "We are equally impressed with Greg Boucher's capabilities and are excited about the possibilities his stewardship will bring to ElectroWave."

"Deep Down and each of its subsidiaries continue to seek complementary acquisitions to complement and expand their respective service and product capabilities," added Robert E. Chamberlain, Jr., Deep Down's Chairman and Chief Acquisitions Officer (CAO).

About Deep Down, Inc.

Deep Down specializes in the provision of innovative solutions, installation management, engineering services, support services, custom fabrication and storage management services for the offshore subsea control, umbilical, and pipeline industries. The company fabricates component parts of subsea distribution systems and assemblies that specialize in the development of subsea fields and tie backs. These items include umbilicals, flow lines, distribution systems, pipeline terminations, controls, winches, and launch and retrieval systems, among others. Deep Down provides these services from the initial field conception phase, through manufacturing, site integration testing, installation, topside connections, and the final commissioning of a project.

The Company's ElectroWave subsidiary offers products and services in the fields of electronic monitoring and control systems for the energy, military, and commercial business sectors. ElectroWave designs, manufactures, installs, and commissions integrated PLC and SCADA based instrumentation and control systems, including ballast control and monitoring, drilling instrumentation, vessel management systems, marine advisory systems, machinery plant control and monitoring systems, and closed circuit television systems.

The Company's Mako subsidiary serves the growing offshore petroleum and marine industries with technical support services, and products vital to offshore petroleum production, through rentals of its remotely operated vehicles (ROV), topside and subsea equipment, and diving support systems used in diving operations, maintenance and repair operations, offshore construction, and environmental/marine surveys.

The Company's strategy is to consolidate service providers to the offshore industry, as well as designers and manufacturers of subsea, surface, and offshore rig equipment used by major, independent, and foreign national oil and gas companies in deep-water exploration and production of oil and gas throughout the world. Deep Down's customers include BP Petroleum, Royal Dutch Shell, Exxon Mobil Corporation, Devon Energy Corporation, Chevron Corporation, Anadarko Petroleum Corporation, Marathon Oil Corporation, Kerr-McGee Corporation, Nexen Inc., BHP, Amerada Hess, Helix, Oceaneering International, Inc., Subsea 7, Inc., Transocean Offshore, Diamond Offshore, Marinette Marine Corporation, Acergy, Veolia Environmental Services, Noble Energy Inc., Aker Kvaerner, Cameron, Oil States, Dril-Quip, Inc., Nexans, Cabett, JDR, and Duco, among others. For further company information, please visit http://www.deepdowninc.com and http://www.electrowaveusa.com.

One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. Deep Down urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.




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Source: Deep Down, Inc.