October 28, 2008
Deep Blue Marine Inc. Enters Agreement to Purchase Aprroximately 110 Troy Ozs of Gold for Its Treasury
Deep Blue Marine Inc. (PINKSHEETS: DPBE) announced today that the company has entered into a contract to purchase 110 troy ounces of gold from the wreck of the SS Central America which sank off the east coast of the United States of America. The gold ingot was originally recovered by Odyssey Marine Inc. (OMR) and is registered as ingot number 946 in the Kellog Humbert index. The bar weighs approx 9.25 pounds.
Wilf Blum, President and CEO, had this to say, "We are always looking for ways to secure the shareholders of our company, and it is our plan to hold numismatic metals such as gold and silver with verifiable histories in the treasury of Deep Blue Marine Inc. Although it is hard to put a price on this bar, a similar one sold for several million dollars. It has always been the intention of Deep Blue to hold as much gold, silver and platinum as possible in our safe deposit boxes as a hedge against our stock. The company plans to sell artifacts from the wreck sites it works, but not the numismatic gold and silver that we recover. In some cases such as this we are able to purchase the ore at very favorable prices.For more information on Deep Blue Marine Inc. (PINKSHEETS: DPBE) go to www.alldeepblue.com or www.goldenboards.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. 801-201-4691
SOURCE: Deep Blue Marine, Inc.