CANTON, Ga., Aug. 28, 2013 (GLOBE NEWSWIRE) -- Blue Water Global Group, Inc. (OTCBB:BLUU) announces that it has made significant progress over the past few months towards opening its flagship Blue Water Bar & Grill™ in St. Maarten, Dutch West Indies (SXM). Particularly, Blue Water is in the final stages of site selection for its SXM restaurant. A total of four highly desirable locations within the Simpson Bay tourist area – sometimes referred to as "restaurant row" – have been identified for consideration. Three have existing structures that would need varying degrees of renovation and one is a cleared lot that would allow for construction of a new free standing building. The final site selection will be made in the next few weeks after final negotiations have been made with the property owners and site inspections have been made by our general contractor.
In addition to the foregoing, significant progress has simultaneously been made towards finalizing the Blue Water Bar & Grill™ menu, including the underlying recipes, identifying applicable SXM business and labor laws that we must comply with, and negotiating for adequate outside financing with third-party sources.
Blue Water's President and CEO, J. Scott Sitra, stated, "One of the biggest challenges of having a successful business, especially a restaurant business, is having ideal unit locations. We have identified four ideal locations that will allow us to profit from SXM's burgeoning tourist industry. We anticipate being able to announce our final site selection, as well as other material developments as they relate to the restaurant, in the near future."
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.