Blue Water Announces Progress at Its Blue Water Bar & Grill(TM)
28 August 2013 - 2:00PM
Blue Water Global Group, Inc. (OTCBB:BLUU) announces that it has
made significant progress over the past few months towards opening
its flagship Blue Water Bar & Grill™ in St. Maarten, Dutch West
Indies (SXM). Particularly, Blue Water is in the final stages of
site selection for its SXM restaurant. A total of four highly
desirable locations within the Simpson Bay tourist area – sometimes
referred to as "restaurant row" – have been identified for
consideration. Three have existing structures that would need
varying degrees of renovation and one is a cleared lot that would
allow for construction of a new free standing building. The
final site selection will be made in the next few weeks after final
negotiations have been made with the property owners and site
inspections have been made by our general contractor.
In addition to the foregoing, significant progress has
simultaneously been made towards finalizing the Blue Water Bar
& Grill™ menu, including the underlying recipes, identifying
applicable SXM business and labor laws that we must comply with,
and negotiating for adequate outside financing with third-party
sources.
Blue Water's President and CEO, J. Scott Sitra, stated, "One of
the biggest challenges of having a successful business, especially
a restaurant business, is having ideal unit locations. We have
identified four ideal locations that will allow us to profit from
SXM's burgeoning tourist industry. We anticipate being able to
announce our final site selection, as well as other material
developments as they relate to the restaurant, in the near
future."
Blue Water Global Group, Inc. is a publicly held developer of
casual dining restaurant properties. Blue Water is currently
developing a chain of casual dining restaurants in popular tourist
destinations throughout the Caribbean under the Blue Water Bar
& Grill™ brand. Additionally, Blue Water is also engaged
in making strategic equity investments in promising businesses that
are in the early stages of obtaining their own listing on the
OTCBB.
Certain statements in this release, other than statements of
historical fact, may include forward-looking information that
involves various risks and uncertainties. There can be no
assurance that such forward-looking statements will prove to be
accurate. Actual result and future events could differ
materially from those anticipated in such statements. These
and all subsequent written and oral forward-looking statements are
based on the estimates and opinions of management on the dates they
are made and expressly qualified in their entirety by this notice.
Blue Water Global Group, Inc. ("Blue Water") assumes no
obligation to update forward-looking statements should
circumstances or management's estimates or opinions change, other
than as required pursuant to applicable securities laws. For a
description of additional risks and uncertainties, please refer to
Blue Water's filings with the Securities and Exchange Commission,
including "Risk Factors" in its Annual Report filed on Form
10-K.
CONTACT: Blue Water Global Group, Inc.
P: 949.264.1475
F: 949.607.4052
www.bluewaterglobalgroup.com
info@bluewaterglobalgroup.com
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