CANTON, Ga., May 2, 2014 (GLOBE NEWSWIRE) -- 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.