UPDATE - Blue Water Announces the Acquisition of a St. Maarten Business License
08 November 2013 - 2:00PM
Blue Water Global Group, Inc. (OTCBB:BLUU) announces that it has
acquired an active business license and two active associated
directors licenses in St. Maarten, Dutch West Indies (D.W.I.).
These licenses were previously owned by Mermaid Enterprises, N.V.,
a limited liability company that never conducted any business
operations and was deemed an empty "shell" company. These licenses
are required by the St. Maarten government prior to opening a
restaurant business to the public in St. Maarten and are now owned
by Blue Water Bar & Grill, N.V., a St. Maarten limited
liability company, which is also a new wholly-owned subsidiary of
Blue Water.
Blue Water's President and CEO, J. Scott Sitra, stated, "We have
made tremendous strides towards opening our St. Maarten based Blue
Water Bar & Grill restaurant. Obtaining these critical business
licenses saves us up to 18 months in unnecessary delays through
government red tape. With the barriers to entry now eliminated, we
can quickly move forward with securing a restaurant location." Mr.
Sitra added, "Over the past few weeks we have had advanced
discussions with the owners of several suitable locations in the
Simpson Bay area and anticipate being able to report additional
news to our shareholders soon."
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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