CANTON, Ga., March 12, 2014 (GLOBE NEWSWIRE) -- Blue Water Global Group, Inc. (OTCBB:BLUU) announces the successful realization of the first set of significant milestones towards developing and profiting from its Stream Flow Media, Inc. ("Stream Flow") equity investment. On March 11, 2014 Stream Flow completed its required 2013 PCAOB audit and filed its Initial Registration Statement with the SEC on Form S-1. Stream Flow remains on schedule to have its common stock listed on the OTCBB this year. After Stream Flow's OTCBB listing, Blue Water's shareholders will receive a special one-time stock dividend of 5,000,000 Stream Flow shares.
Remaining Milestones for Stream Flow OTCBB Listing and Stock Dividend:
- SEC Completes Its Review and Declares Stream Flow's Form S-1 "Effective" (In Progress)
- File Form 15c2-11 Disclosure Statement with FINRA
- Receive FINRA Approval and Trading Symbol on OTCBB
- Apply for DTC Eligibility (Required for Electronic Trading)
- Register Blue Water's Stream Flow Shares with the SEC on Subsequent Form S-1 Registration Statement (To Be Filed Simultaneously with DTC Eligibility Application)
- Obtain Final FINRA Approval and Specific Record Dates for Stream Flow Stock Dividend
Blue Water's President and CEO, J. Scott Sitra, stated, "Our shareholders will be pleased to know that the development of our Stream Flow asset is on schedule and progressing exactly as we previously disclosed. We continue to believe our holdings in Stream Flow have significant upside potential once it begins trading on the OTCBB, which will not only enhance Blue Water's balance sheet, but will be shared with our shareholders in the form of a special one-time stock dividend." Mr. Sitra continued, "In addition to the recent developments at Stream Flow, we are continuing to evaluate new significant equity investments in other private companies interested in obtaining a listing on the OTCBB."
About Stream Flow Media
Stream Flow Media, Inc. is a development stage business focused on developing online gaming and media solutions catering specifically to customer loyalty and retention applications, including corporate training solutions. Stream Flow utilizes its proprietary technology to develop applications that are specifically branded towards the client's business and unique needs. The proprietary aspects of the technology are owned exclusively by Stream Flow and are licensed to its clients on a per-use basis. These applications can be used on mobile devices, social media networks, and web-based platforms. Stream Flow is also developing its own gaming applications which will be marketed under its own brand. For more information, visit www.streamflowmedia.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. 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.