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Deep Blue Marine, Inc. Announces Asset Sale of Key West Operations.

Publication: Business Wire
Publication Date: 28-MAY-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
SALT LAKE CITY -- Deep Blue Marine Inc. (Pink Sheets: DPBE) today announced completion of an Asset Sale Agreement with Oceanic Research & Recovery, Inc (Pink Sheets: ORRV), for the purchase of its equipment located in Key West, Florida and the assumption of 100% of Deep Blue Marine's Florida Operations.

By the terms of the Asset Sale Agreement, Oceanic will receive three fully equipped work vessels,...

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