The Punta Cana Contract

On July 4, 2010, Deep Blue Marine signed a research and recovery contract with the Fundacion Punta Cana, under the auspices of an existing contract that Fundacion Punta Cana has with the Ministry of Culture of the government of the Dominican Republic. Deep Blue Marine president and CEO Wilf Blum and In-House Counsel Brad Simpson traveled to Punta Cana for the contract signing. Pictured below are the officials from Deep Blue Marine and Fundacion Punta Cana that signed the contract. Starting from the left and going clockwise are: Jose Oliva, Director of Institutional Relations, Paul Beswick, Director of Community Affairs, Patricia Losada, Attorney and Manager of Legal and Regulatory Contracts, Bradley Simpson, esq., In House counsel for Deep Blue Marine, Wilf Blum, President and CEO of Deep Blue Marine, and Frank J. Llibre, Senior VP of Administration and Finance for Fundacion Punta Cana.
Working under the supervision of the Marina de Guerra Dominicana and an inspector from the Oficina Nacional de Patrimonio Cultura Subcuatico, Deep Blue will survey and recover artifacts for a permitted area in the waters off the Altagracia Province of the Dominican Republic. It is anticipated that the company-owned dive and recovery vessel “Kerri Lynn” will be on site within days to begin work. Management hopes the boat will be on site for approximately 20 days per month weather permitting. The prospects for this site are very exciting as the area is rich in maritime history dating back to the time of Christopher Columbus. For more information on Fundacion Punta Cana go to their website at www.puntacana.com.

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