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Deep Blue Marine Inc. Signs Agreement to Assist in the Recovery of $500 Million (Estimated) Treasure.


SALT LAKE CITY -- Deep Blue Marine Inc. (Pink Sheets: DPBM) is pleased to announce that the company has signed an agreement for recovery assistance to Aqua Gems of the Treasure Coast The Treasure Coast is a term for a region in the U.S. state of Florida stretching from Hobe Sound in the south through Sebastian in the north, including the coastal counties of Indian River, St. Lucie, and Martin.  Inc. for the permitted recovery of a wreck believed to be of Spanish origin but has not been identified in the permit application. Research shows that a ship of known origin sunk in the permit area and was carrying a cargo of 16 chests of silver and four chests of gold when she went down. The manifest value in today's values puts the wreck at more than $500 million. The wreck is believed to carry contraband contraband, in international law, goods necessary or useful in the prosecution of war that a belligerent may lawfully seize from a neutral who is attempting to deliver them to the enemy.  that may also be worth millions.

As per contract, the state will keep 25% of the salvage salvage, in maritime law, the compensation that the owner must pay for having his vessel or cargo saved from peril, such as shipwreck, fire, or capture by an enemy. Salvage is awarded only when the party making the rescue was under no legal obligation to do so. , and Deep Blue Marine Inc. will retain 20% (net) of the salvage they recover from the site. There are two other salvage companies working in concert with Deep Blue Marine Inc., and it is hoped that the project can be completed in the 2006 season.

For more information on Deep Blue Marine Inc. (DPBM), go to www.alldeepblue.com or www.stockinformationsystems.com.

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 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 forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 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.
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 29, 2006
Words:369
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