Blue Water Restaurant Group is a developer of casual dining restaurant properties. The company is currently in the midst of developing a chain of casual dining restaurants in popular tourist destinations throughout the Caribbean under the Blue Water Bar & Grill brand.
The company today reported that it has entered into a strategic alliance agreement with Taurus Financial Partners LLC. Taurus is a boutique consulting firm that specializes in assisting small businesses with matter involving the OTCBB, including going public transactions, EDGAR filing support, and general business development services.
Through this alliance, Blue Water will become involved in another business line – making strategic equity investments in companies that are in the early stages of their own OTCBB listing. The agreement grants Blue Water the exclusive right to participate in Taurus Financial’s future registered spin-off transactions.
A typical transaction will involve Blue Water acquiring a significant block of stock in an operating business that is in the process of going public on the OTCBB. Once the shares have been registered with the SEC, Blue Water will spin off a percentage of those shares to its shareholders in the form of a special stock dividend.
Blue Water anticipates that it will participate in one to three of these deals per year. The company expects this strategy will enhance its balance sheet this year and realize an actual profit in 2014. For additional information about Blue Water Restaurant Group and its business strategy, please visit www.bluewaterrestaurantgroup.com.
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