Blue Water Ventures International, Inc. has entered an agreement with Under Marine Group, LTD. to joint venture on future deep water wreck sites located in and around the waters of Great Britain and the Caribbean. Blue Water and Under Marine Group will be collaborating with shipwreck researchers to pinpoint locations of interest. Under the terms of the agreement, Under Marine will be responsible for funding deep water wreck operations and project specific research, and Blue Water will be responsible for additional research, technical project management and logistical overview.