Blue Water Continues to Pay Off Early-Stage Convertible Debt
03 Abril 2014 - 6:00AM
Blue Water Global Group, Inc. (OTCBB:BLUU) announces that it has
repaid early and in full its second Convertible Promissory Note
owed to Asher Enterprises, Inc. ("
Asher") with a
maturity date of August 12, 2014. As a result, none of that debt
will be converted into shares of Blue Water's common stock.
Blue Water's President and CEO, J. Scott Sitra, stated,
"Shareholders should be pleased to learn that Blue Water continues
to effectively manage its finances and outstanding debt
obligations. Not only are we constantly reaching targeted
milestones with our ongoing projects, but we have been able to
steadily eliminate our most costly and potentially dilutive
early-stage convertible debt."
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.
CONTACT: Investor Relations Contact
Craig Fischer
786.375.0556
ir@bluewaterglobalgroup.com
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