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.

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