WHITEFISH, MT / ACCESSWIRE / March 4, 2015 / Blue Water Global Group (OTC:BLUU), a publicly held developer of
casual dining restaurant properties and premium distilled spirits
focused on the fast-growing Caribbean tourist market, has completed what
is perhaps the most active and successful month in the company's
history. The company gained approval and broke ground for its first
highly anticipated Blue Water Bar & Grill restaurant at Indigo Bay
in popular St. Maarten, Dutch West Indies. It also officially launched
its line of premium rums, now available for wholesale and retail
purchase in St. Maarten, and coming to other select retail outlets in
the Caribbean. In addition, Blue Water boosted shareholder
attractiveness by announcing a net overall reduction of common stock by
8,600,000 shares, or 6.8%. All of this was accomplished in the short month of February.
Site Preparation Now Active For Flagship Restaurant
Blue Water has now broken ground and is actively preparing the
construction site for their first Blue Water Bar & Grill restaurant
in one of the most desirable locations in the Caribbean, Indigo Bay at
St. Maarten in the Dutch West Indies. Work began shortly after final
approval was received from St. Maarten government officials. Indigo Bay
is known for its breathtaking ocean views and beaches, as well as its
proximity to the island's international airport, commercial center, and
cruise ship docks. An estimated 2 million cruise ship passengers come to
St. Maarten every year, brought in large part by cruise lines such as
Carnival (NYSE:CCL) and Royal Caribbean (NYSE:RCL).
It's the ideal location for the first in what is planned to be a
string of Blue Water Bar & Grill restaurants, providing the kind of
consistent and reasonably priced Caribbean-rich experience that has been
lacking in Caribbean food service options. The restaurants will offer a
fun tiki-themed ambience, with a pool and swim-up bar, large covered
patio offering great views, and dependable quality food, all designed to
eventually make Blue Water Bar & Grill a must-stop site on islands
throughout the Caribbean.
Initial site preparation involves the removal of roughly 70-80
thousand excavator scoops of earth, and the company has vowed to keep
investors up-to-date through the entire construction process. Upcoming
photos of the construction site and excavators in action may be viewed
on the Blue Water Bar & Grill website (www.BlueWaterBar.com) and Blue Water's Facebook page (https://www.facebook.com/pages/Blue-Water-Global-Group/577630375624495).
St. Maarten Launch Party Kicks Off Blue Water Premium Rums
With work on their first Blue Water Bar & Grill restaurant
underway, the company has also launched their line of premium rums in
St. Maarten, including Blue Water Ultra Premium Rum(TM) and aged spice Blue
Water Caribbean Gold(TM) Premium Rum. The rums represent an important
support element to the restaurant and the Blue Water brand. Rum is the
quintessential spirit of the Caribbean, and premium rums represent the
fastest growing rum segment globally. Diageo (NYSE:DEO), Castle Brands
(NYSE:ROX), and United Spirits (BOM: 532432) have all moved to expand
in the rum market. The Blue Water rums will be available for drinks at
their restaurants to further enhance the Caribbean atmosphere, plus will
be available for purchase as a take-away, encouraging the introduction
of the Blue Water brand name to friends and family back home. The
premium rums and Blue Water Bar & Grill will thus continually
support one another in a carefully planned marketing move.
In a major launch event headlined by acclaimed reggae recording
artist Bankie Banx, recently held at The Red Piano, one of St. Maarten's
most famous nightlife locations, Blue Water was able to showcase their
new premium rums and at the same time support a local charity. For every
$10 donated to Camp Goldendog, St. Maarten's first planned animal
shelter, event attendees received one Blue Water premium rum cocktail.
Island 92, St. Maarten's classic rock and blues radio station, and BIG
PHOTOBOOTH SXM, the ultimate photo booth entertainment experience,
joined The Red Piano in co-sponsoring the Launch Party to further
awareness for Camp Goldendog.
Of special note is that the timing of Blue Water's rum launch
coincides with an important upcoming world-class sailing event, the 35th
Heineken Regatta, which runs from March 5th through the 8th, hosted at
St. Maarten. It's one of the world's best and biggest sailing regattas,
and ensures that prominent visitors from all over the world will be able
to try Blue Water's premium rums.
Outstanding Common Share Reduction And Management Incentives
Along with February's building and launch activities, Blue Water also
undertook a financial move in support of investors. In late February,
the company announced the cancellation of 12,500,000 shares of its
outstanding common stock, and the issuance of 3,900,000 restricted
shares to its executive officers, J. Scott Sitra (3,000,000 shares) and
Michael Hume (900,000 shares). The result is a net overall reduction of
Blue Water's common stock by 8,600,000 shares, or 6.8%.
The share reduction and incentive issuance, with its three-year
vesting schedule, helps keep Blue Water's shareholders and management's
interests aligned.
Astute Plan And Reliable Execution
Blue Water Global Group has put together an intelligent approach for
filling an unmet need in an expanding market. The Caribbean food
industry's relative lack of consistent quality and attractive pricing,
associated with an identifiable brand, provides Blue Water with a unique
opportunity in a major tourist destination. Their parallel development
of premium rum offerings as both a restaurant support and brand
marketing tool is a discerning move.
Blue Water management has been persistent in overcoming challenges,
and is making steady progress at turning their good idea into a physical
reality. Over the next several years, the company expects to continue
development, opening Blue Water Bar & Grills in other key locations:
- Aruba, Dutch West Indies
- Nassau, Bahamas
- Cozumel, Mexico
- Grand Cayman
- Barbados
The recent successful Shake Shack IPO (NYSE:SHAK), raising over $100
million, suggests the potential of identifying and addressing an unmet
need in a popular food market. Doing so in the lucrative Caribbean
tourist market could lead to the success of Blue Water's ambitious
plans.
For additional information, visit the company's website at www.BlueWaterGlobalGroup.com.
Disclaimer:
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SOURCE: Emerging Growth, LLC