Blue Water Signs LOI for Second Significant Equity Investment
02 5월 2014 - 9:00PM
Blue Water Global Group, Inc. (OTCBB:BLUU) announces that it has
executed a Letter of Intent to acquire a significant equity
position with Next Level Hockey, LLC ("
Next
Level"), a privately held company seeking a public listing
on the OTC Bulletin Board ("
OTCBB"). This will be
the second such equity investment in a private company making the
transition to a publicly traded company.
Key elements to this investment include:
- The Next Level transaction will essentially mirror Blue Water's
December 2013 investment in Stream Flow Media, Inc.
- Blue Water will own a net 15% equity interest in Next Level
when it goes public on the OTCBB
- The Next Level investment is expected to be accretive to Blue
Water's 2014, 2015 and 2016 earnings
- Next Level is anticipated to obtain a listing on the OTCBB in
Q1 2015
- Blue Water anticipates significant upside potential in its Next
Level shares once it is listed on the OTCBB
- A definitive agreement is expected to be executed by all
parties within the next 30 - 60 days
Blue Water's President and CEO, J. Scott Sitra, stated, "We are
continuing to execute on all aspects of our three-pronged business
plan. This is the second such equity investment in the past
few months resulting from our previously announced Strategic
Alliance with Taurus Financial Partners. Once consummated,
this transaction will immediately enhance Blue Water's balance
sheet and increase overall shareholder value." Mr. Sitra
continued, "The procedures and net benefits to Blue Water and its
shareholders will be very similar in nature to the Stream Flow
Media, Inc. investment, which is presently under review by the
Securities and Exchange Commission."
About Next Level Hockey
Next Level Hockey, LLC is a rapidly growing company in the
sports training industry. Next Level currently has three
successful hockey concentric training centers and has plans to
expand into new locations throughout the Northeast. Next
Level's facilities are located in large, competitive ice arenas
where they are able to cater to the needs and training requirements
of amateur hockey leagues. For more information, visit
www.nextlevelhockey.com.
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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