Blue Water Announces Stock Dividend
27 Januar 2014 - 2:00PM
Blue Water Global Group, Inc. (OTCBB:BLUU) announces that its Board
of Directors has authorized a one-time stock dividend of a portion
of Blue Water's equity holdings in Stream Flow Media, Inc.
("
Stream Flow"). This dividend will be issued to
Blue Water's shareholders after Stream Flow's shares begin trading
on the OTCBB. Blue Water intends to use this Stream Flow
dividend as a model for future equity investments.
Dividend Highlights:
- Blue Water will dividend 25% of its Stream Flow equity holdings
(5,000,000 shares) via a one-time stock dividend
- No fractional shares will be issued. Fractional share
amounts will be rounded to the nearest whole amount.
- As an example, if the dividend were to be processed today, and
based on Blue Water's current capital structure, shareholders would
receive approximately one share of Stream Flow for every 46 shares
of Blue Water owned.
- The remaining Stream Flow shares will be sold over an 18-24
month period with the net proceeds going towards financing
additional units of the Blue Water Bar & Grill™ restaurant
concept.
Blue Water's President and CEO, J. Scott Sitra, stated, "Stream
Flow has already initiated the process of becoming a public
company. Last week they submitted their financial statements
for audit and should be able to make their initial SEC filing
sometime in the next few weeks. While it is our policy not to
comment on specific price targets or valuations, we continue to
believe our holdings in Stream Flow will experience significant
upside growth after it begins trading on the OTCBB which will
sharply enhance Blue Water's overall balance sheet. We intend
to use this Stream Flow dividend as a model for future similar
equity investment transactions brought to us through our Strategic
Alliance with Taurus Financial Partners." Mr. Sitra continued,
"So that our shareholders can better understand this entire
process, we've prepared a simple-to-follow milestone schedule for
Stream Flow receiving its listing on the OTCBB and, ultimately, our
shareholders receiving this stock dividend."
Milestones for Stream Flow OTCBB Listing and Stock Dividend:
- Complete Audit of Financial Statements (underway)
- File Initial Form S-1 Registration Statement with the SEC
(drafted)
- File Form 15c2-11 Disclosure Statement with FINRA
- Receive FINRA Approval and Trading Symbol on OTCBB
- Apply for DTC Eligibility (allows for electronic trading)
- Register Blue Water's Stream Flow Shares with the SEC on Second
Form S-1 Registration Statement (filed simultaneously with DTC
Eligibility application)
- Obtain Final FINRA Approval and Specific Record Dates for
Stream Flow Stock Dividend
About Blue Water Global Group
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 engaged in
making strategic equity investments in promising businesses that
are in the early stages of obtaining their own listing on the
OTCBB. For more information, visit
www.bluewaterglobalgroup.com.
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: Investor Relations Contact
Craig Fischer
786.375.0556
ir@bluewaterglobalgroup.com
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