CANTON, Ga., July 22, 2014 (GLOBE NEWSWIRE) -- Blue Water Global Group, Inc. (OTCBB:BLUU) announces that it has engaged Madison Park Advisors, LLC, which manages the Madison Park Investment Fund, for financial advisory services and to provide long-term non-toxic financing to Blue Water.
Key Aspects Include:
- Madison Park is committed to provide Blue Water with a minimum of $500,000 in new capital this year to complete the Blue Water Bar & Grill™ currently under development in St. Maarten, D.W.I.
- Madison Park's initial investment tranche of $250,000 will be through a registered transaction.
- All new equity issuances will be at a market-based fixed price and non-toxic.
- No toxic convertible or derivative styled debt (or other securities) will be issued in conjunction with this financing.
- Madison Park engagement can be expanded to provide additional new capital for the planned expansion Blue Water Bar & Grill™ restaurant in Aruba.
Blue Water's President and CEO, J. Scott Sitra, stated, "We are pleased to welcome Madison Park Advisors on board and to let our shareholders know that we now have the financial backing of a proper investment firm and all future financing will be non-toxic and shareholder friendly." Mr. Sitra added, "Our Blue Water Bar & Grill™ concept has attracted significant interest in the financial community. With the engagement of Madison Park Advisors we can now focus on completing our St. Maarten Blue Water Bar & Grill™ and start the planning process for the Aruba restaurant."
Lawrence Adams, Senior Partner at Madison Park, stated, "We are pleased to provide the capital required for the first restaurant build out and look forward to a long-term relationship with Blue Water. We are committed to provide registered financing transactions in the micro-cap space and are launching this model with Blue Water through the Madison Park Investment Fund. Madison Park believes it is an alternative to the existing, highly dilutive financial instruments flooding the market space today."
About Madison Park Advisors
Madison Park Advisors is a boutique advisory services firm that is dedicated to assisting micro-cap companies secure financing through structured, non-toxic transactions that allows client companies to grow their businesses without compromising their capital structure. For more information, visit www.madisonparkadvisors.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 the flagship rum Blue Water Ultra Premium Rum™ and spiced Blue Water Caribbean Gold™ 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.