CANTON, Ga., April 3, 2014 (GLOBE NEWSWIRE) -- 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 firstname.lastname@example.org
Source:Blue Water Global Group, Inc.