The following is the text of a press release issued by Blue Water Ventures:
(JACKSONVILLE, Fla.) — Blue Water
Ventures International, Inc. (the "Company") (OTC trading symbol
"BWVI") today announced that the Company will be expanding its recovery
efforts to include deeper underwater targets, including merchant ships
from WW1 and WW2. These shipwrecks are in both US & International
waters. Given the higher costs associated with deep water salvage, each
project will require significant funding that the company will have to
raise on its own or with deep water joint venture partners. The company
has obtained several targets of interest, and intends to immediately
begin the requisite survey and archeological review to further refine
these targets of interest prior to raising the capital needed to engage
in these recovery operations.
Keith Webb, the Company's President stated "Creating a unit of Blue
Water that explores deeper underwater sites certainly has its
challenges but we are encouraged that our research and due diligence
will provide our team with the best opportunity for financial success.
Blue Water Ventures International, Inc. is a historic shipwreck
research and recovery company that locates and recovers lost underwater
treasures dated from pre-colonial times to our recent past.
Matters discussed in this press release contain forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934. These
forward-looking statements are based on various assumptions and involve
substantial risks and uncertainties, including, without limitation, the
successful funding of our current operations, the successful
development and funding of deep water salvage operations and the
overall execution of our business plan, as well as many other factors
which may or may not be beyond our control. No guarantee can be given
that we will successfully conclude these endeavors.