CANTON, Ga., Nov. 18, 2013 (GLOBE NEWSWIRE) -- Blue Water Global Group, Inc. (OTCBB:BLUU) announces that the Depository Trust Corporation (DTC) has approved Blue Water's common stock for DWAC/FAST transfer through Blue Water's transfer agent, VStock Transfer, LLC. With this newly approved stock transfer capability, Blue Water's shareholders can now transfer their shares of Blue Water electronically after buying or selling on the open market without the extra expense and delay resulting from the redundant process of requesting and transferring physical certificates.
Benefits to Blue Water's shareholders as a result of becoming DWAC/FAST approved include reducing the time from weeks to hours for stock deposits and withdrawals into brokerage accounts while eliminating the inherent risks associated with the loss and replacement of physical stock certificates. Another side benefit is companies that are approved for DWAC/FAST electronic transfers often experience higher trading volumes in their stock given the additional accessibility and availability of shares for trading.
Blue Water's President and CEO, J. Scott Sitra, stated, "We are pleased to share this corporate development with our shareholders. Not only does becoming DWAC/FAST eligible provide our existing investors with new efficiencies – both in cost and time savings – but it should aid in facilitating more trading in the open market and help increase overall shareholder liquidity in Blue Water's stock."
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.