Wall Street News Alert's "stocks to watch" thismorning are: Deep Blue Marine Inc., (OTC: DPBM), Time Warner Inc. (NYSE: TWX), Oracle (NASDAQ: ORCL), and Applied Materials Incorporated (NASDAQ: AMAT).
Once again, Deep Blue Marine Inc., (OTC: DPBM) may garner attention as themarkets begin trading this morning and the company continues to "gear up"for exploration! Yesterday after the stock markets closed, the company,engaged in deep water exploration and recovery of important treasures andartifacts worldwide, issued a press release announcing that that AllanSouth of Orem, Utah, has joined the board of directors.
The news, in conjunction with news released earlier this week, may exciteinvestors as it appears that the company is progressing with theirexploration plans! Wilf Blum, President of Deep Blue Marine Inc., said:"Mr. South brings with him a vast business experience and many connectionsin the world of salvage recovery. As a long time friend of both Jim Crossand myself, Allan South was considered a natural choice for the board andhis input will be well sought after and greatly appreciated. Much of whatwe have in the area of technology and consultants to the company are aresult of Allan's influence."
Wall Street News Alert is continuing to place aggressive investors on highalert to watch this company! Earlier this week, the company announced aconsulting agreement with Jim Cross of American Fork Utah, the president ofCross Marine Projects Company. Mr. Cross has developed several technologiesin the areas of sonar and echo location used for under water survey andobject location and performed major underwater contracts for the US Navy,The US Army, The Bureau of Reclamation, The US Department of the Interiorand many other agencies. His safety record is exceptional and for thisreason Mr. Cross is sought after world wide on the most difficult dives andrecovery projects.
According to Deep Blue Marine, it has identified several historic wrecksites and is preparing to survey those sites starting March 6, 2006.
Prior to yesterday's press release, the stock closed yesterday atForty-Eight cents a share. In the past month, the company's stock has risenfrom two cents to as high as one dollar a share.
To view a detailed, in-depth profile of Deep Blue Marine, visithttp://www.thenewssvc.com/DPBM022306.html
To view all of Wall Street News Alert's special early morning tradingalerts for this morning, visit www.WallStreetNewsAlert.com, where you mayalso sign up to receive free email alerts in advance of our press releasesbeing issued.
In case you are not familiar with the company: Deep Blue Marine Inc. is inthe business of exploring the Oceans of the world and recovering bothhistorical salvage, contracting for modern ship recovery and reclamation ofunder water archaeological sites. Over the years many companies haverecovered lost ships and cargos, due to the lack of technologies and propertraining many sites were damaged and much value was lost. As divingtechniques improved over the years, under water recovery has become a veryprecise and calculated business. Recovery of ancient and modern vesselsrequires specialized equipment and know how. With new technologies beingaccessed by Deep Blue Marine Inc. the dangers to divers and damage to sitescan be avoided. They can not only find lost ships in deeper water, but candive deeper, longer and safer than ever before. The goal of the company isto dive those sites and perform those contracts that will provide areasonable rate of return on dollars invested. They believe they can andwill do it better than anyone else in this industry.
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Stocks showing interesting activity yesterday at the close of the regulartrading day were: Time Warner Inc. (NYSE: TWX) down 0.6% on 40.9 millionshares traded, Oracle (NASDAQ: ORCL) down 0.6% on 39.4 million sharestraded, and Applied Materials, Inc. (NASDAQ: AMAT) down 0.8% on 22.4million shares traded.
Commentary:
"The supply of crude oil and gas is up, prices were holding around $61 perbarrel; jobless claims were down as well by 20,000. Neither numbers helpedthe indexes rise yesterday," stated Sonja Rudd in Wall Street News Alert'sdaily commentary continued at: http://www.WallStreetNewsAlert.com.
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