CANTON, Ga., Nov. 7, 2013 (GLOBE NEWSWIRE) -- Blue Water Global Group, Inc. (OTCBB:BLUU) announces that it has acquired an active business license and two associated directors licenses in St. Maarten, Dutch West Indies. These licenses were previously owned by Mermaid Enterprises, N.V., a limited liability company that never conducted any business operations and was an empty "shell" company. These licenses are required by the government prior to opening a business to the public in St. Maarten and are now owned by Blue Water Bar & Grill, N.V., a St. Maarten limited liability company, which is also a new wholly-owned subsidiary of Blue Water.
Blue Water's President and CEO, J. Scott Sitra, stated, "We have been making tremendous strides towards opening our St. Maarten based Blue Water Bar & Grill restaurant. Obtaining these critical business licenses marks a huge step forward in Blue Water's development and potentially saved us up to 18 months in unnecessary delays through government red tape. With the barriers to entry now eliminated, we can quickly move forward with securing a restaurant location." Mr. Sitra added, "Over the past few weeks we have had advanced discussions with the owners of several suitable locations in the Simpson Bay area and anticipate being able to report additional news to our shareholders soon."
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 also engaged in making strategic equity investments in promising businesses that are in the early stages of obtaining their own listing on the OTCBB.
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.