JACKSONVILLE, Fla., Aug. 19, 2014 (GLOBE NEWSWIRE) -- Blue Water Ventures International, Inc. (OTC:BWVI) announced today that it has signed a preliminary Business Services Agreement ("Agreement") with The Argo Advisory Group, Inc. ("Argo").
The Agreement contemplates Argo's funding of BWVI's current search and recovery operations. Such funding would allow BWVI to fully fund its current shallow water projects and expand its operations to include deep-water salvage projects. The agreement is subject to diligence by both parties and the execution of definitive agreements. The agreement contemplates the completion of funding efforts for and by both parties' in order to be successful.
About Blue Water Ventures International, Inc.
BWVI conducts archaeologically sensitive recoveries of cargo and artifacts from various shipwrecks on the basis of extensive research and diligence specific to each project. BWVI operations to date have focused on shallow water search and recovery projects. BWVI intends to expand its focus to include deep-water salvage upon successful funding. Interested parties are encouraged to join the BWVI Mailing List to stay up to date on the latest company developments which can be found at this link:
http://news.bwvint.com/newsletter
About The Argo Advisory Group, Inc.
Argo seeks to expand its interest in the underwater recovery sector. Argo is a recently formed private merchant banking concern, engaged in specialty financing with a hedge component. Argo, through an affiliated entity, boasts the availability of approximately US$2 Billion in hard assets to collateralize its funding efforts, and is focused upon opportunistic specialty financing transactions in recovery, precious metals, precious stones, life science and credit real estate.
Forward Looking Statements
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties including but not limited to both parties successfully concluding due diligence, the execution of definitive agreements and the parties' successful raise up of capital.