$BLUU - Blue Water Signs LOI for Second Significan
Post# of 94144
Posted On: 05/02/2014 8:12:47 AM
$BLUU - Blue Water Signs LOI for Second Significant Equity Investment
Blue Water to Acquire a Net 15% Interest in Next Level Hockey
CANTON, Ga., May 2, 2014 (GLOBE NEWSWIRE) -- Blue Water Global Group, Inc. (OTCBB:BLUU) announces that it has executed a Letter of Intent to acquire a significant equity position with Next Level Hockey, LLC ("Next Level"
, a privately held company seeking a public listing on the OTC Bulletin Board ("OTCBB" . This will be the second such equity investment in a private company making the transition to a publicly traded company.
Key elements to this investment include:
-- The Next Level transaction will essentially mirror Blue Water's December
2013 investment in Stream Flow Media, Inc.
-- Blue Water will own a net 15% equity interest in Next Level when it goes
public on the OTCBB
-- The Next Level investment is expected to be accretive to Blue Water's
2014, 2015 and 2016 earnings
-- Next Level is anticipated to obtain a listing on the OTCBB in Q1 2015
-- Blue Water anticipates significant upside potential in its Next Level
shares once it is listed on the OTCBB
-- A definitive agreement is expected to be executed by all parties within
the next 30 - 60 days
Blue Water's President and CEO, J. Scott Sitra, stated, "We are continuing to execute on all aspects of our three-pronged business plan. This is the second such equity investment in the past few months resulting from our previously announced Strategic Alliance with Taurus Financial Partners. Once consummated, this transaction will immediately enhance Blue Water's balance sheet and increase overall shareholder value." Mr. Sitra continued, "The procedures and net benefits to Blue Water and its shareholders will be very similar in nature to the Stream Flow Media, Inc. investment, which is presently under review by the Securities and Exchange Commission."
About Next Level Hockey
Next Level Hockey, LLC is a rapidly growing company in the sports training industry. Next Level currently has three successful hockey concentric training centers and has plans to expand into new locations throughout the Northeast. Next Level's facilities are located in large, competitive ice arenas where they are able to cater to the needs and training requirements of amateur hockey leagues. For more information, visit www.nextlevelhockey.com
http://www.stockwatch.com/News/Item.aspx?bid=...p;region=U
Blue Water to Acquire a Net 15% Interest in Next Level Hockey
CANTON, Ga., May 2, 2014 (GLOBE NEWSWIRE) -- Blue Water Global Group, Inc. (OTCBB:BLUU) announces that it has executed a Letter of Intent to acquire a significant equity position with Next Level Hockey, LLC ("Next Level"
, a privately held company seeking a public listing on the OTC Bulletin Board ("OTCBB" . This will be the second such equity investment in a private company making the transition to a publicly traded company. Key elements to this investment include:
-- The Next Level transaction will essentially mirror Blue Water's December
2013 investment in Stream Flow Media, Inc.
-- Blue Water will own a net 15% equity interest in Next Level when it goes
public on the OTCBB
-- The Next Level investment is expected to be accretive to Blue Water's
2014, 2015 and 2016 earnings
-- Next Level is anticipated to obtain a listing on the OTCBB in Q1 2015
-- Blue Water anticipates significant upside potential in its Next Level
shares once it is listed on the OTCBB
-- A definitive agreement is expected to be executed by all parties within
the next 30 - 60 days
Blue Water's President and CEO, J. Scott Sitra, stated, "We are continuing to execute on all aspects of our three-pronged business plan. This is the second such equity investment in the past few months resulting from our previously announced Strategic Alliance with Taurus Financial Partners. Once consummated, this transaction will immediately enhance Blue Water's balance sheet and increase overall shareholder value." Mr. Sitra continued, "The procedures and net benefits to Blue Water and its shareholders will be very similar in nature to the Stream Flow Media, Inc. investment, which is presently under review by the Securities and Exchange Commission."
About Next Level Hockey
Next Level Hockey, LLC is a rapidly growing company in the sports training industry. Next Level currently has three successful hockey concentric training centers and has plans to expand into new locations throughout the Northeast. Next Level's facilities are located in large, competitive ice arenas where they are able to cater to the needs and training requirements of amateur hockey leagues. For more information, visit www.nextlevelhockey.com
http://www.stockwatch.com/News/Item.aspx?bid=...p;region=U
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