CANTON, Ga., Jan. 26, 2015 (GLOBE NEWSWIRE) -- Blue Water Global Group, Inc. (OTCQB:BLUU) is providing this update to its shareholders to review its 2014 accomplishments and share some of its 2015 goals and ambitions. In 2014 Blue Water began to witness the potential of its multi-pronged business strategy. Some key milestones achieved in 2014 include:
2014 Highlights:
- Secured a world class beachfront site for constructing its flagship Blue Water Bar & Grill™ in the pristine eco-friendly Indigo Bay Development in St. Maarten, Dutch West Indies (www.indigo-bay.com)
- Finalized the St. Maarten Blue Water Bar & Grill™ architectural and engineering drawings and submitted them for government approval
- Completed the development and initiated production of its line of premium rums, including the Blue Water Ultra Premium Rum™ and Blue Water Caribbean Gold™ Premium Rum
- Obtained full SEC reporting status for its Stream Flow Media, Inc. equity investment and finalized the documentation necessary for it to seek a listing on the OTCBB
- Acquired a net 15% equity position in Next Level Hockey, LLC, a private company wishing to go public on the OTCBB
- St. Maarten experienced a record year in tourism in 2014, receiving 2,000,864 cruise ship passengers – the first time it has exceeded the two million mark ever
- Blue Water's common stock appreciated 331.8% during 2014
Blue Water's President and CEO, J. Scott Sitra, stated, "Looking back 2014 was Blue Water's best year yet. So many critical milestones were achieved, paving the way for an even more exciting 2015." Mr. Sitra continued, "This year we are truly looking forward to beginning the process of reaping some of the rewards from the seeds we have sewn with our efforts over the past two years."
Below are a few key milestones and achievements, among many others, Blue Water anticipates delivering and capitalizing on for its shareholders in 2015:
Launch, Growth and Expansion of the Premium Rums
Blue Water will launch its line of premium rums very soon in St. Maarten, Dutch West Indies. This will be followed by expansion to the neighboring regional islands over the course of 2015, including the haute St. Barth's, French West Indies and exclusive Anguilla, British West Indies. Towards the end of 2015 Blue Water will launch its third rum, an extra old Añejo, and set the stage for a Q1 2016 launching of its entire line of premium rums in United States.
Construction of St. Maarten Blue Water Bar & Grill™
Blue Water is continuing to work with the St. Maarten government to complete the review process of its building permit application. This application was submitted in September 2014 and the site plan was revised pursuant to the Minister of VROMI's comments in December 2014. Blue Water believes that this process is almost complete and it should be receiving the necessary building permits to commence construction in the near future.
Growth in Equity Investments and Underlying Value
In 2014 Blue Water's first equity investment, Stream Flow Media, Inc., made strides towards becoming an independent public company listed on the OTCBB. Stream Flow is now a fully reporting SEC company and has submitted the necessary documentation to its sponsoring market maker to request a listing on the OTCBB. Later this year, after FINRA approves Stream Flow's listing application, Blue Water will apply to the SEC and FINRA to issue a special, one-time dividend to Blue Water's shareholders. This dividend will be 5 million of its aggregate 20 million Stream Flow shares. Blue Water will slowly liquidate its remaining 15 million shares over 18 – 24 months.
Blue Water is in the early stages of working with Next Level Hockey, LLC to replicate the Stream Flow process. Blue Water has a net 15% equity interest in Next Level Hockey.
Revenue
Blue Water will soon begin generating revenue on an ongoing basis. Initially this revenue will be derived exclusively from the sale of its premium rums in St. Maarten. These sales will be limited in the current quarter due to it being a short sales cycle, but will progressively increase quarter over quarter into the future as more retail outlets, bars and restaurants begin carrying and selling Blue Water's premium rums.
Later in the year when the Blue Water Bar & Grill™ opens its doors, and more importantly when the 2015 tourist season kicks off in November, Blue Water's revenues should increase substantially and continue growing systematically into the foreseeable future.
These revenues will be further enhanced by future capital gains from Blue Water's growing equity investments.
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 aged 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.