Blue Water on Pace With Its Blue Water Bar & Grill(TM) Restaurants
10 Febrero 2014 - 7:00AM
Blue Water Global Group, Inc. (OTCBB:BLUU) is providing this Blue
Water Bar & Grill™ status update to its shareholders within the
scope of applicable non-disclosure agreements and Regulation FD. As
previously disclosed, Blue Water is continuing its negotiations for
two restaurant locations on St. Maarten, both of which are
beachfront. Below are additional details about each prospective
location:
Location 1 (New Construction):
- Approximately 150 seats
- Currently negotiating concept details and long-term land lease
with landowner
- Landowner retained an architectural firm to prepare Blue Water
Bar & Grill™ blueprints for the site
- Projected to be open in Q4 2014 around the beginning of the
2014 "high season"
Location 2 (Existing Building):
- Approximately 100 seats
- Minimal renovations required (estimated one month of
construction time)
- Negotiations for long-term lease are continuing
- Projected to be open in Q2 2014
The name, location and photos of each restaurant location will
be released as soon as formal agreements have been executed with
each landowner. Blue Water believes it has sufficient
personnel identified and financing sources available to open both
restaurant locations.
Blue Water's President and CEO, J. Scott Sitra, stated, "We are
working diligently to secure both complementary premium restaurant
locations in St. Maarten for our Blue Water Bar & Grill™
concept. In both instances we are negotiating with large,
multi-national public entities, which have vision and potential of
our mutual relationships." Mr. Sitra added, "It is important
to note that the landowner of the undeveloped beachfront lot has
retained an architectural firm at their expense to draft the Blue
Water Bar & Grill™ blueprints tailored to this site, which
speaks volumes about our concept and business direction. We
have already met with the architectural firm and they have begun
the drafting process pursuant to our design specifications."
About Blue Water Global Group
Blue Water Global Group, Inc. is a publicly held developer of
casual dining restaurant properties. 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.
CONTACT: Investor Relations Contact
Craig Fischer
786.375.0556
ir@bluewaterglobalgroup.com
Blue Water Global (CE) (USOTC:BLUU)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
Blue Water Global (CE) (USOTC:BLUU)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024