CANTON, Ga., Jan. 5, 2015 (GLOBE NEWSWIRE) -- Blue Water Global Group, Inc. (OTCBB:BLUU) announces that Stream Flow Media, Inc., a company that Blue Water owns an aggregate overall equity interest of approximately 19.8%, has completed and submitted the necessary Form 15c2-11 disclosure documents to its sponsoring market maker. Stream Flow anticipates receiving a listing on the OTCBB within the next three months.
Blue Water's President and CEO, J. Scott Sitra, stated, "Blue Water is very excited to see Stream Flow achieve this significant milestone. Once FINRA issues Stream Flow a trading symbol on the OTCBB, Blue Water will be able to proceed with seeking regulatory approval from the SEC and FINRA for its planned one-time stock dividend of 5,000,000, or 25%, of its Stream Flow shares." Mr. Sitra added, "In addition, this milestone reinforces Blue Water's strategy for this equity investment to be accretive to Blue Water's 2015 earnings while simultaneously strengthening Blue Water's overall balance sheet."
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 the flagship rum Blue Water Ultra Premium Rum™ and aged spiced Blue Water Caribbean Gold™ 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.
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Source:Blue Water Global Group, Inc.