Value Microcaps Table Pounders

[10 bagger]

DPDW..POUND,, POUND,, POUND,, hank

This is going to be a great acquisition for DPDW..

Flotation Technologies Recognized for Manufacturing Excellence..

http://investorshub.advfn.com/boards/read_msg.asp?message_id=28583255

Jan. 10, 2008 - Flotation Technologies, Inc., a world leader in the engineering, design and manufacturing of deepwater buoyancy and polyurethane elastomer systems, today introduced CoreTec™, its new drilling riser buoyancy module, to the marketplace.

Today's news is a company changer.

DPDW 2007 FY Revenues : $19,389,730
Flotec 2007 FY Revenues : $17,270,000


Flotation Technologies, Inc., of Biddeford, a global leader in the design and production of deepwater buoyancy systems, received the Manufacturing Excellence Award from Maine Manu-facturing Extension Partnership (MEP) recently for superior manufacturing practices that have allowed the technology company to successfully compete in the international market.

DECD Commissioner John Richardson also attended the event to support Flotation Technologies' employees and their proactive approach to streamlining production operations and becoming a world leader in providing cost-effective products to the oceanographic, offshore, seismic and military markets.

"Flotation Technologies is an innovative company that is utilizing the resources available to Maine businesses to compete in the global economy and strengthen their infrastructures," said Commis-sioner Richardson. "DECD and its partners, including Maine MEP, are here to support businesses and help them succeed."

Maine MEP recently assisted Flotation Technologies in the development of several new business practices and methods as the company expanded into a 45,000-square-foot facility in the Biddeford Industrial Park. The new facility will include high-tech automated production equipment that will allow Flotation Technologies to triple its production capacity.

The company currently employs 42 people, including the addition of 14 employees since the Maine MEP assessment, and hopes to have more than 50 employees by the end of 2007.

Visit www.flotec.com for more information on Flotation Technologies, Inc.
http://www.mainemep.org/press/pr2007_aug01.pdf

Flotation Technologies Launches CoreTec™, A New Drilling Riser Buoyancy Module
Company brings innovative buoyancy module to the drilling industry

Jan. 10, 2008 - Flotation Technologies, Inc., a world leader in the engineering, design and manufacturing of deepwater buoyancy and polyurethane elastomer systems, today introduced CoreTec™, its new drilling riser buoyancy module, to the marketplace.

CoreTec is an engineered solution to an old problem-how to safely compensate for the weight of the drill string in deep water. Using the latest in 3D CAD design and finite element analysis, Flotation Technologies' engineers have designed a product that is tougher, safer and can go deeper than any buoyancy modules currently in the market.

"CoreTec combats the typical rough handling riser buoyancy modules are subjected to in two, unique ways," explained Tim Cook, president. "First, the SolidCore™ inner buoyancy material is cast from solid, pure syntactic foam containing no "minispheres" or "EP's", the major cause of implosions and buoyancy loss. This SolidCore™ foam allows the modules to reach depths of 12,000 feet and beyond without danger of catastrophic failure. Then, the ToughSkin™ outer shell is molded from thick, solid, high-density polyethylene. This shell provides an unprecedented level of protection, from both impact and abrasion, for the syntactic foam inner core."

The CoreTec design is concentrated around using the strongest materials to create a product that provides the best protection. The product is designed so that it will experience less breakage in the yard and while running and retrieving; lower buoyancy loss in service, and minimal risk of failure all of which equate to fewer spares, less down-time and reduced risk to personnel, significantly lowering total cost of ownership over time.

Photos are available upon request. For product details please visit flotec.com or call Flotation Technologies directly at [phone].

About Flotation Technologies, Inc.
Flotation Technologies, Inc., based in Biddeford, Maine, is a world leader in the engineering, design and manufacturing of deepwater buoyancy systems using high-strength Flotec™ syntactic foams and polyurethane elastomers. Focused on the offshore oil, oceanographic, seismic and government markets, Flotation Technologies delivers world-class buoyancy products for a host of marine applications such as: distributed buoyancy for flexible pipes and umbilicals, drilling riser buoyancy modules, ROV buoyancy, QuickLoc™ cable floats, Hardball™ umbilical floats, FLOTECT™ cable and pipeline protection, Inflex™ polymer bend restrictors and installation buoyancy of any size and depth rating. For more information, visit flotec.com.

REPEAT OF NEWS TO THOSE WHO MISSED IT OR WANT TO REVIEW IT AH:

Deep Down to Acquire Flotation Technologies

PR Newswire "US Press Releases "

HOUSTON, April 17 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW) today announced it has executed a Stock Purchase Agreement to purchase all of the outstanding capital stock of Flotation Technologies, Inc.

Headquartered in Biddeford, Maine, Flotation Technologies is a recognized leader in the design and manufacture of deepwater buoyancy systems, specializing in Flotec(TM) syntactic foam and polyurethane elastomer products. With extensive engineering, design, fabrication, and analysis capabilities, Flotation Technologies provides quick turnaround, cost-effective buoyancy and elastomer products to the worldwide oceanographic, offshore energy, seismic, and military markets. Within the past few years, Flotation Technologies has received its approved vendor status for the supply of engineered products such as distributed buoyancy, installation buoyancy and bend limiting products from numerous customers including Aker Kvaerner, Cooper Cameron, Chevron, Devon Energy, Exxon Mobil, Oceaneering Multiflex, Petrobras, Shell, Statoil, Technip, and Wellstream International. More information can be obtained at http://www.flotec.com.

Unaudited financial information provided by the management of Flotation Technologies indicates that revenue for the latest twelve months ending March 31, 2008, was approximately $17.27 million, with pretax income of $4.84 million, and EBITDA of $5.26 million, adjusted for certain nonrecurring expenses and a gain on sale of real estate assets. Financial results of operations for the years ended December 31, 2007 and 2006, will be presented when audits are finalized.

"The total purchase price for the acquisition is expected to be approximately $23.3 million. Flotation Technologies' revenue for the year ended December 31, 2007, was approximately double the revenue realized in the prior year. According to Quest Subsea Forecast (October 2007), capital expenditures in the offshore energy industry are expected to experience significant growth for the next several years. Our strategy is to participate in that growth. Buoyancy will become more important as the offshore energy industry continues its trend toward exploration and development activities in ultra deep waters. This acquisition will give Deep Down a major product line, position the Company to become a leader in flotation systems, and increase our presence in deepwater operations," commented Robert E. Chamberlain, Jr., Deep Down's chairman and chief acquisition officer.

Ronald E. Smith, Deep Down's president and chief executive officer commented, "We are very excited about this acquisition. Our strategy is to work closely with management to expand their existing business and explore new areas of opportunity. Our view of the future of subsea equipment involves structural integration of buoyancy into various components of the undersea distribution system. Due to our prominence in installation activities of subsea equipment throughout the world, our customers are increasingly asking us to supply the equipment and systems we install. Where appropriate, we intend to manufacture high-demand technology-advantaged products in high-growth markets. Our strategy is to become a major player in many facets of the offshore deepwater industry."

Deep Down's closing of the purchase of Flotation Technologies remains subject to several conditions, including Deep Down's obtaining financing for the payment of the purchase price.

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, http://www.electrowaveusa.com and http://www.makotechnologies.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.

SOURCE Deep Down, Inc.