DPBE Deep Blue Marine Inc (CE)

Deep Blue Marine, Inc. (PINKSHEETS: DPBE) announced today that the company will enter a joint venture with Gaiacor International, PLC (FRANKFURT: VCG) of London, England with offices in New York and Salt Lake City.

Deep Blue Marine's contract with Gaiacor International was put in place due to the fact that management of Gaiacor has decades of business experience and a vast working knowledge in the Near and Middle East. Gaiacor will assume responsibility for equipment and material dispersion using their contacts in the eastern financial and industrial communities.

Wilf Blum, President and CEO of Deep Blue Marine, Inc., had this comment: "Marshalling a project of this nature is a very time consuming and difficult task. When the project was offered to Deep Blue we went in search of those companies and individuals that would give us not only the best chance of procuring the contract, but also the best chance of fulfilling our obligations under the terms and scope of work requested. To that end we immediately contacted Cross International Search and Recovery to assist in the actual bid preparation and the actual onsite recovery work. Our confidence in Cross is based on years of working together. Now with the addition of Gaiacor we are one step closer to having the ability to perform this contract in a safe and timely manner. Gaiacor's principals have worked within the vast network of relationships that it takes to move projects of this nature forward into a safe and viable position. Gaiacor's principals have been very successful in every phase of their operations at home and abroad, and that success is why we have formed this relationship."

Mr. Franklin Johnson, Chairman of Gaiacor International, stated, "We are very enthused about this project. We have worked closely with both Deep Blue and Cross as the scope of work and response has been reviewed and the contracts prepared. All sides of this project are moving forward as well as we could hope for at this time."

For more information on Deep Blue Marine Inc. (DPBE) go to www.alldeepblue.com

For more information on Cross Marine go to www.crossmarineprojects.com

For more information on Gaiacor International go to www.gaiacor.com

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995

Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.

Contact: Deep Blue Marine, Inc. 801-201-4691