$BLUU ~ Acquisition/Uplisting news! Blue Water
Post# of 98045
Posted On: 11/07/2013 9:12:14 AM
$BLUU ~ Acquisition/Uplisting news!
Blue Water Announces the Acquisition of a St. Maarten Business License
CANTON, Ga., Nov. 7, 2013 (GLOBE NEWSWIRE) -- Blue Water Global Group, Inc. (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(TM) 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.
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