Deep Down, Inc. announced recent activities it has engaged in to increase awareness to the institutional marketplace of its unique position in the offshore services industry.
Deep Down recently hired Steven M. Haag to serve full time as Vice-president of Investor Relations. Mr. Haag has extensive experience in investor relations, marketing, and advertising. Mr. Haag will be responsible for coordinating all aspects of investor relations and corporate communications including (1) the creation of sales, marketing and advertising materials, and investor kits, (2) website development and maintenance, (3) the dissemination of company information to existing and prospective retail and institutional shareholders, (4) the management of company participation in investor conferences and (5) the fielding of shareholder calls. Mr. Haag received his bachelor's degree in psychology, with a minor in organizational behavior, from Webster University in 1993, and his master's degree in education from the University of Missouri - St. Louis in 1995.
The Company recently attended the 2008 Oil & Gas Investment Symposium Small Cap Conference (2008 OGIS Small Cap) hosted by the Independent Petroleum Association of America (IPAA) on February 12-14, 2008, in Hollywood, Florida, where it hosted a breakfast roundtable. OGIS Small Cap is an outlet for publicly traded U.S. independent producers, and service and supply companies, with market caps of up to $1 billion to present their corporate profiles to the investment community.
Management recently made presentations to institutional investors during the Energy Supply Conference hosted by Dahlman Rose & Company, LLC on March 12-13, 2008, in Boston, Massachusetts, and New York City, New York. Dahlman Rose is a full-service investment bank offering value-added research, trading, and advisory services for growing companies operating along the energy and commodity supply chain. It is a leading boutique investment bank specializing in the marine shipping and energy industries with offices in New York, Houston, San Francisco, and New Orleans. On March 10, 2008, Dahlman Rose reiterated their BUY rating on our common stock with a per share price target of $2.50.
"Deep Down realizes the importance of corporate and shareholder communications and welcomes the contributions that Mr. Haag will bring to our efforts. We have a very unique position in the offshore services industry, and we believe the investment community will be interested in learning about it. Our story is not one that is widely known. Our objective is to change that over time," said Robert E. Chamberlain, Jr., Chairman and Chief Acquisitions Officer.
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