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[QUOTE]Originally posted by Stockstar69: [QB] BoonMarket.com: BoonMarket.com Announces Coverage of Deep Down, Inc. 4:15 AM ET - M2 BoonMarket.com announced today their renewed interest in Deep Down, Inc. (OTCBB: DPDW). DPDW has been mentioned by BoonMarket.com in the past and recent developments within the company have compelled BoonMarket.com to closely follow DPDW once again. Don't be crazy enough to ignore the riveting insight we provide. In-depth analysis of this and other companies can be viewed through BoonMarket.com's special email alerts. You can sign up for these alerts for free (limited time only) by simply submitting your email address at the following link: http://boonmarket.com/signup.html ---------------------------------------------------- DPDW news from 12/18/07: Deep Down Announces Acquisition of Mako Technologies Deep Down, Inc. today announced that it has signed a definitive purchase agreement to purchase Mako Technologies, Inc. ("Mako"). Headquartered in Morgan City, Louisiana, Mako serves the growing offshore petroleum and marine industries with technical support services, and products vital to offshore petroleum production, through rentals of its remotely operated vehicles (ROV), topside and subsea equipment, and diving support systems used in diving operations, maintenance and repair operations, offshore construction, and environmental/marine surveys. "The total cost of acquiring Mako is a maximum of $5.0 million in cash and 11,269,841 shares of common stock of Deep Down based on Mako management's expectation of $2,400,000 in earnings before depreciation, interest, amortization, taxes and other non-cash charges ("EBITDA"), after also adjusting for certain non-recurring expenses, for the fiscal year ending December 31, 2007. As part of this acquisition, Deep Down will also pay off approximately $800,000 in Mako bank debt. The first installment of $2,916,667 in cash and 6,574,074 shares of common stock of Deep Down is expected to be paid at closing within the next few days, and the balance of up to $2,083,333 in cash and 4,695,767 shares of common stock of Deep Down will be paid upon completion of an audit to verify adjusted EBITDA expectations for the fiscal year ending December 31, 2007," commented Robert E. Chamberlain, Jr., Deep Down's Chairman. [/QB][/QUOTE]
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