Blue Water Announces Lock-Up Agreement for 71.2% of Outstanding Shares
24 3월 2014 - 9:00PM
Blue Water Global Group, Inc. (OTCBB:BLUU) announces that it has
entered into a Share Lock-Up Agreement with its largest
shareholder, Taurus Financial Partners, LLC
("
Taurus"), a company controlled by Blue Water's
President and CEO. Pursuant to this Agreement, Taurus may not sell,
pledge, hypothecate, sell short, loan, grant rights to, or
otherwise dispose of, transfer, or encumber – directly or
indirectly – any of its holdings of 166,000,000 shares of Blue
Water common stock through March 31, 2015. Blue Water presently has
233,206,213 shares of its common stock issued and outstanding, of
which Taurus owns 71.2% of the total shares outstanding. Blue
Water's transfer agent, VStock Transfer, LLC, will maintain custody
of Taurus's shares during the term of this Share Lock-Up Agreement.
Blue Water's President and CEO, J. Scott Sitra, stated, "Given
the significant progress we have achieved in recent months on all
of our ongoing projects – Blue Water Bar & Grill™, Blue Water
Ultra Premium Rum™, and Stream Flow Media, Inc. – we felt that this
would be a good time to send a clear message to our shareholders
and potential investors as to how optimistic we are about Blue
Water's short-term positioning and long-term prospects. We don't
think that there is a better way of sending such a message than by
voluntarily locking up a substantial amount of Blue Water's
outstanding shares."
About Blue Water Global Group
Blue Water Global Group, Inc. is a publicly held developer of
casual dining restaurant properties and premium distilled spirits.
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 and a line of
premium rums which include its flagship rum Blue Water Ultra
Premium Rum™. 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
Blue Water Global (CE) (USOTC:BLUU)
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