DPDW Deep Down worth a look!

[stockviper]

DPDW has been on a nice ride the last few days.

Currently at $1.70.

You may want to take a look.

[vkhasat]

looks like its peaking at around 1.70 to me

[MyRightEye]

Off Topic. I just joined and wanted to start a new thread, but it's not showing up, and I did it twice. Does it need to be approved or is there a technical issue?

[stockviper]

Off Topic. I just joined and wanted to start a new thread, but it's not showing up, and I did it twice. Does it need to be approved or is there a technical issue?

Not sure! Are you trying to start a new thread inside this thread?

Hopefully Deep Down will get back on the upward track today. It seems to be gaining a lot of attention as I have seen threads over on IHUB and other stock sites. Although I don't think this is anything like a pump and dump/momentum stock, I do think the more people that see the activity of DPDW the better. More Investors!

[stockviper]

The company website was updated 10/10/07 with this info.

Whatever it is, it looks interesting.

http://www.electrowaveusa.com/Projects/AHC.html

[stockviper]

Just got an upgrade to 2.50 from an analyst.

Up .20 today. More to come next week.

[stockviper]

OOOOH!

2.15 now with double the normal volume.

We are off!

[stockviper]

Oil over $90.00. Think the drillers don't want to find as much oil as possible? They will be buying more equipment for their rigs.

Deep Down is getting orders.

If you have extra time, research the Proteus Project.

[stockviper]

I found this to be interesting...

http://www.electrowaveusa.com/Projects/DrillerDisplay.html

Deep Down owns Electrowave and Proteus!

[stockviper]

News just release at 4:00pm. It looks good.

http://biz.yahoo.com/e/071114/dpdw.ob10qsb.html

Gap Up?

[stockviper]

Dahlman Rose still has Deep Down on the recomended list with project tearget of 2.50 (or maybe more) wink wink. LOL

http://www.dahlmanrose.com/Content/Coverage_Group.asp

[stockviper]

I just wanted to bump this up again.

It's share price has dropped but I still think there is tremendous value here! The Ihub board has many good photos of equipment DPDW makes.

[stockviper]

NEWS...Looks like this is the reason fro the stock fall. They are using it to buy MAKO!

Deep Down Announces Acquisition of Mako Technologies

HOUSTON, Dec. 18 /PRNewswire-FirstCall/ --

Deep Down, Inc. (OTC Bulletin Board: DPDW) 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.

'We are very pleased to have signed the acquisition agreement with Mako, and believe this non-dilutive transaction is extremely beneficial for Deep Down and our shareholders as we continue to add products and services to our portfolio of capabilities,' commented Ron E. Smith, Deep Down's President and CEO. 'We believe we can significantly enhance Mako's current annual revenue base of approximately $6.8 million by expanding the equipment rental pool and ROV fleet.'

'An expansion of the ROV fleet can yield benefits beyond increased rental income, including increased service revenue from two and three man ROV operating crews and the opportunity to sell additional launch and retrieval systems ('LARS'). Prospect Capital Corporation is providing $6,000,000 in debt to fund the cash requirements and expenses associated with this transaction. Terms are substantially the same as those in the initial borrowing that was concluded in August 2007,' said Eugene L. Butler, Deep Down's CFO.

'With Deep Down's relationships and access to capital, we foresee the ability to expand our ROV fleet and take advantage of our customers' growing need for both planned and 'emergency' offshore rental equipment in support of their growing level of oil and gas exploration occurring in the Gulf of Mexico. We also plan to expand our operations internationally,' commented Jacob Marcell, Mako Technologies' chief executive officer.

About Prospect Capital Corporation

Prospect Capital Corporation (http://www.prospectstreet.com) is a closed-end investment company that lends to and invests in private and microcap public businesses. Prospect Capital's investment objective is to generate both current income and capital appreciation through debt and equity investments.

[BSGCORP]

well picking up an unprofitable company is not good, but if they can add to it and make it profitable then that would be good. Stock Viper What is your take on dpdw? Do you personally think this is a good time to strike on this or is it best left observed?

[stockviper]

If I had free cash I'd put some into DPDW right here. Maybe 3/4 of what you would normally buy if you felt this was a rocketon its way up. It is rediculously low and there is still the DR price target of $2.50 out there. I never expected it to fall so far so fast but that being said I would not be surprised if it fell a little further.

The cameras in the production facility have been turned off, and there is speculation that the company is building something for the government.

Hopefully we will get an update on DPDW soon.

[stockviper]

News today...Looks promising since this stock has been a little oversold lately...

Deep Down Delivers Deepest Rated LARS in the World
HOUSTON, Jan. 2 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW) has recently delivered what is believed to be the deepest class rated Launch and Retrieval System ('LARS') in the world. The 4,000 meter rated LARS was specially designed for subsea load handling, lifting and tensioning, and launch and retrieval of specialized undersea equipment, including Remote Operated Vehicles ('ROV'), in ultra-deep and harsh subsea environments. Special functions include auto-variable speed control (load dependent), wire spooling and guide systems, grooved drums, emergency release capabilities, gravity lowering, emergency hoisting abilities, and a water-cooled drum to reduce heat on the umbilical, among others. The safe working load of the LARS is 28 tonnes, and the system is capable of delivering payloads at speeds of up to 76 meters per minute. Another unique feature of this LARS is the specially designed wraparound level wind sensor system which allows for more sensitive yet smoother operation in rugged, high-load, ultra-high deepwater applications. Deep Down plans to secure a patent for this very important feature. The 4000 meter LARS was sold to Perry Slingsby Systems, Inc. ('Perry') for integration with their new 4,000 meter rated ROV. Perry has produced more ROV systems than all other manufacturers combined.

Perry sold this system to Veolia ES Special Services, Inc. ('Veolia') which has placed the system on their newly-built state-of-the-art DSV MT-6016 vessel, named the Swordfish. Designed with cutting-edge technology, the new ship was custom-designed to allow Veolia to take on more complex subsea construction and dive-support projects. The Swordfish also has a Deep Down 3,000 meter rated LARS leased to them with a Perry ROV. A second 4000 meter rated LARS is expected to be delivered to Perry as soon as factory acceptance testing has been completed. The second LARS will also be sold to Veolia with a Perry ROV. Deep Down expects to sell additional LARS units of this class with an average minimum sales price of approximately $1.4 million each, depending on individual custom-engineered features and capabilities as requested by our clients.

'It is exciting to know that the new Flagship for Veolia, the Swordfish, is set up for ultra deepwater environments and will have two Perry ROVs and two Deep Down LARS to help them accomplish their more challenging deepwater tasks. 2008 looks to be a very promising year, and our goal is to provide the best support possible to our clients, helping them meet their deepwater challenges with greater confidence,' said Ron Smith, Deep Down's CEO. 'We will continue to use proprietary-built state-of-the-art equipment (and third-party equipment such as the Baricon 30-ton, 4-track tensioner), engineering, and custom-developed installation and retrieval management systems to deliver cost-effective solutions, thereby distinguishing ourselves as the premier 'first call' for our clients when confronted with a variety of challenges in ultra deepwater and harsh subsea environments', he continued.

[Chubby Khabob]

DPDW has been on a nice ride the last few days.

Currently at $1.70.

You may want to take a look.

I just wanted to bump this up again.

It's share price has dropped but I still think there is tremendous value here! The Ihub board has many good photos of equipment DPDW makes.

If I had free cash I'd put some into DPDW right here. Maybe 3/4 of what you would normally buy if you felt this was a rocketon its way up. It is rediculously low and there is still the DR price target of $2.50 out there. I never expected it to fall so far so fast but that being said I would not be surprised if it fell a little further.

The cameras in the production facility have been turned off, and there is speculation that the company is building something for the government.

Hopefully we will get an update on DPDW soon.

Viper, do you see any news coming for this? It is down quite a bit since your first post, but it looks to have a solid base to work from. I could see this thing doubling in a couple weeks. Any more info?

[stockviper]

NEWS!

Deep Down Highlights Major Role of Horizontal Drive Units
19 minutes ago - PR Newswire

Deep Down, Inc.'s (OTC Bulletin Board: DPDW) proprietary Horizontal Drive Units (HDU) have played a major role and had a significant impact on offshore projects for various customers, during 2007, in the deployment and recovery of certain lighter-duty, flexible and not so flexible components of the subsea distribution system which connects offshore platforms to oil and gas wells on the ocean floor. First introduced in 1998, the HDU was developed by Deep Down as an alternative to industry-accepted vertical drive units to specifically enable substantially quicker, safer and more cost-effective installations of steel flying leads and specialty cables.

The HDU eliminates the undesirable, and potentially hazardous, uneven tension experienced by steel flying leads and specialty cables during deployment and retrieval operations, as well as spooling, with vertical drive units. This uneven tension can often lead to balancing and other problems due to alternative cycles of slackening and tightening due to variability in the centrifugal forces that are experienced through a vertical drive unit. The use of Deep Down's HDUs also ensures quicker and safer non-permitted transportation of its proprietary Rapid Deployment Cartridges (RDCs), Subsea Deployment Baskets (SDBs) and carousels since these items can be placed on the HDU adapters with loads kept very low to the ground. After exceeding the expectations of its original design during several key installation projects over the past several years, the benefits of the HDU are receiving increasing attention in an accelerated fashion in the offshore market.

Ron Smith, Deep Down CEO, said, "Our Horizontal Drive Units have made a significant contribution on subsea projects throughout the Gulf of Mexico. Installation contractors expend large amounts of capital to outfit their vessels with dedicated, high-tension deployment and recovery equipment required to put major systems in deep water. Ease of deployment, floor-space and safety are key considerations for these contactors. Our proprietary RDCs, SDBs and carousels can each be independently attached to the HDU. These additional components, including the HDU, can be stacked, thereby, saving valuable deck space on installation vessels. This is in stark contrast to the vertical drive units of our competitors, which are non-stackable and usually fixed and non-interchangeable. The ease of removing large terminations from the roof of our carousel or wings of our RDC, while attached to a crane as it turns the last two revolutions, is also a major advantage of the horizontal system. All these benefits combine to make our HDU, and its complementary, detachable RDCs, SDBs and carousels very attractive to our customers. We are proud of the support we have rendered in 2007, and we look forward to providing even more critical support to our customers in 2008."

During 2007, our Horizontal Drive Units were used to perform deployment and recovery functions on the following projects:

1. Oceaneering Flying leads in Panama City Florida 2. Chevron Agbami flying leads for Subsea 7 3. Noble Energy Lost Ark 2 Composite Jumper for Saipem 4. BP King Pump Electrical Power flying lead and steel flying leads for Saipem 5. Noble Energy Lost Ark 1 flexible flowline Jumper for Saipem 6. Mariner Bass Lite Steel Flying leads for Technip 7. Independence Hub Steel Flying leads for Subsea 7 and for Anadarko 8. BP Thunderhorse Steel flying lead, ADCP, and RMS [define and name ADCP and RMS] 9. Chevron Agbami Flexible Flowline jumpers for FMC 10. Bluewater Gomez Steel flying leads for Drill Quip 11. New Field Steel flying lead
About Deep Down, Inc.

Deep Down specializes in the provision of innovative solutions, installation management, engineering services, support services, custom fabrication and storage management services for the offshore subsea control, umbilical, and pipeline industries. The company fabricates component parts of subsea distribution systems and assemblies that specialize in the development of subsea fields and tie backs. These items include umbilicals, flow lines, distribution systems, pipeline terminations, controls, winches, and launch and retrieval systems, among others. Deep Down provides these services from the initial field conception phase, through manufacturing, site integration testing, installation, topside connections, and the final commissioning of a project. The Company's ElectroWave subsidiary offers products and services in the fields of electronic monitoring and control systems for the energy, military, and commercial business sectors. ElectroWave designs, manufactures, installs, and commissions integrated PLC and SCADA based instrumentation and control systems, including ballast control and monitoring, drilling instrumentation, vessel management systems, marine advisory systems, machinery plant control and monitoring systems, and closed circuit television systems. The Company's Mako Technologies subsidiary 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 Company's strategy is to consolidate service providers to the offshore industry, as well as designers and manufacturers of subsea, surface, and offshore rig equipment used by major, independent, and foreign national oil and gas companies in deep-water exploration and production of oil and gas throughout the world. Deep Down's customers include BP Petroleum, Royal Dutch Shell, Exxon Mobil Corporation, Devon Energy Corporation, Chevron Corporation, Anadarko Petroleum Corporation, Marathon Oil Corporation, Kerr-McGee Corporation, Nexen Inc., BHP, Amerada Hess, Helix, Oceaneering International, Inc., Subsea 7, Inc., Transocean Offshore, Diamond Offshore, Marinette Marine Corporation, Acergy, Veolia Environmental Services, Noble Energy Inc., Aker Kvaerner, Cameron, Oil States, Dril-Quip, Inc., Nexans, Cabett, JDR, and Duco, among others. For further company information, please visit http://www.deepdowninc.com and http://www.electrowaveusa.com

One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. Deep Down urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.

SOURCE Deep Down, Inc.

http://www.deepdowninc.com

[stockviper]

Good entry point here at .91. I bought another 1500 shrares yesterday.

DPDW seems to trade in a range from about .88 to 1.05 with no news. Any BIG news could blast this stock off.

[microhedge]

Deep Down Announces Funding of Mako Technologies AcquisitionLast update: 1/9/2008 11:01:00 AMHOUSTON, Jan 09, 2008 /PRNewswire-FirstCall via COMTEX/ -- Deep Down, Inc. (DPDW) today announced that it has closed on its anticipated additional $6,000,000 in debt financing with Prospect Capital Corporation to fund its acquisition of 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. As part of this funding, Deep Down paid $2,916,667 in cash, issued 6,574,074 restricted shares of common stock of Deep Down and paid off an aggregate of $917,676 in Mako bank debt. Up to $2,083,333 in cash and 4,695,767 restricted 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. About Deep Down, Inc. Deep Down specializes in the provision of innovative solutions, installation management, engineering services, support services, custom fabrication and storage management services for the offshore subsea control, umbilical, and pipeline industries. The company fabricates component parts of subsea distribution systems and assemblies that specialize in the development of subsea fields and tie backs. These items include umbilicals, flow lines, distribution systems, pipeline terminations, controls, winches, and launch and retrieval systems, among others. Deep Down provides these services from the initial field conception phase, through manufacturing, site integration testing, installation, topside connections, and the final commissioning of a project. The Company's ElectroWave subsidiary offers products and services in the fields of electronic monitoring and control systems for the energy, military, and commercial business sectors. ElectroWave designs, manufactures, installs, and commissions integrated PLC and SCADA based instrumentation and control systems, including ballast control and monitoring, drilling instrumentation, vessel management systems, marine advisory systems, machinery plant control and monitoring systems, and closed circuit television systems. The Company's strategy is to consolidate service providers to the offshore industry, as well as designers and manufacturers of subsea, surface, and offshore rig equipment used by major, independent, and foreign national oil and gas companies in deep-water exploration and production of oil and gas throughout the world. Deep Down's customers include BP Petroleum, Royal Dutch Shell, Exxon Mobil Corporation, Devon Energy Corporation, Chevron Corporation, Anadarko Petroleum Corporation, Marathon Oil Corporation, Kerr-McGee Corporation, Nexen Inc., BHP, Amerada Hess, Helix, Oceaneering International, Inc., Subsea 7, Inc., Transocean Offshore, Diamond Offshore, Marinette Marine Corporation, Acergy, Veolia Environmental Services, Noble Energy Inc., Aker Kvaerner, Cameron, Oil States, Dril-Quip, Inc., Nexans, Cabett, JDR, and Duco, among others. For further company information, please visit and One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. Deep Down urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission. SOURCE Deep Down, Inc.

[stockviper]

Hi Hedge...You are quick!

Love the news. DEBT REDUCTION is great!

[stockviper]

News just out!

Deep Down Ships Proteus Active Heave Compensation Unit

PR Newswire "US Press Releases "

HOUSTON, Feb. 7 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW) announced today that it has delivered a Proteus(TM) Active Heave Compensation Unit to Schlumberger for deployment in waters outside the Gulf of Mexico.

The Proteus system is designed to maintain vertical displacement of a subsea payload to within six-tenths of an inch even if the surface deployment vessel, or ship, is experiencing a heave of up to 30 feet. The control system monitors these vertical motions and compensates by releasing and retrieving the main winch to keep the payload essentially still. After extensive testing, Deep Down has further enhanced the performance of its Proteus system and added an additional roller guide option for extremely smooth operation. The mathematical algorithm embedded in the software has also been improved to allow the system to respond to changes in a ship's vertical motion within 0.5 milliseconds.

In addition to new stand-alone Proteus systems, Deep Down has the ability to deliver in-line active heave compensation systems that can be retrofitted to existing winches, thereby adding active heave capabilities to an existing infrastructure. This ability allows prospective customers to preserve their capital investment in existing winches and substantially reduces the cost of adding this increasingly important capability.

"Our Proteus design continues to exceed customer specifications. We are now capable of producing Proteus systems on a mass production level. In addition to the original vertical design for lighter load applications, we can also deliver a horizontal, scaled up, higher tension version of our active heave compensation system to augment Abandon and Retrieval winches in the 50-100 ton range. We envision these Proteus units selling from $500,000 for the smaller units up to $1.5 million each for the larger applications," says Ronald E. Smith, Deep Down's President & CEO.

"Our design uses no motors or gear boxes, and we can, therefore, deliver Proteus units very quickly. Proteus units can be added to an installation contractor's list of deepwater equipment to enhance their overall installation capabilities. Since we are not impacted by the long delivery times that exist for motors and gear boxes, an installation contractor can add a Proteus unit to their inventory for use in soon to be initiated installation campaigns," concluded Smith.

[jas1n]

This stock keeps on getting lower and lower. Thinking about buying this stock. Just wandering how low this will go and will they go bankrupt.

[stockviper]

This stock keeps on getting lower and lower. Thinking about buying this stock. Just wandering how low this will go and will they go bankrupt.
Bankrupt? Are you nuts? If anything they may be bought out by oh, say, Halliburton?

Deep Down Receives $1.5 Million in Steel Flying Lead Orders
51 minutes ago - PR Newswire

Deep Down, Inc. (OTC Bulletin Board: DPDW) announced today that it has received orders for $1,500,000 worth of loose-tube steel flying leads (LSFLs).

Deep Down is adding new design features to its LSFLs to enable quicker deployment and installation in high current, deepwater environments with the aid of its horizontal drive units (HDUs) and rapid deployment cartridges (RDCs). The Company expects to complete the design, manufacture, and delivery of these LSFLs to both of its clients, Helix Energy Solutions Group, Inc. and VetcoGray, Inc., within the next 90 days.

Deep Down has improved its manufacturing procedures to allow for mass production of steel flying leads (SFLs) and associated components for large scale projects. Deep Down was instrumentally involved in the visionary development of the SFL concept, as well as its deployment procedures approximately ten years ago. The original design continues to evolve as the industry initiates exploration and production projects in deeper water.

Ron Smith, Deep Down's chief executive officer commented, "Our goal is to be the number one choice for the supply, and offshore support, of all types of SFLs, based on quality of product, quicker delivery times, and efficiency of product installation. We can manufacture SFLs up to 10,000 feet in length with any J-plate desired, with or without electrical cables included. Another important goal is to continue to simplify procedures so that subsea connections are easier to complete, whether by fully experienced remote operated vehicle (ROV) crews, or ROV crews new to our product line."

About Deep Down, Inc.

Deep Down specializes in the provision of innovative solutions, installation management, engineering services, support services, custom fabrication and storage management services for the offshore subsea control, umbilical, and pipeline industries. The company fabricates component parts of subsea distribution systems and assemblies that specialize in the development of subsea fields and tie backs. These items include umbilicals, flow lines, distribution systems, pipeline terminations, controls, winches, and launch and retrieval systems, among others. Deep Down provides these services from the initial field conception phase, through manufacturing, site integration testing, installation, topside connections, and the final commissioning of a project.

The Company's ElectroWave subsidiary offers products and services in the fields of electronic monitoring and control systems for the energy, military, and commercial business sectors. ElectroWave designs, manufactures, installs, and commissions integrated PLC and SCADA based instrumentation and control systems, including ballast control and monitoring, drilling instrumentation, vessel management systems, marine advisory systems, machinery plant control and monitoring systems, and closed circuit television systems.

The Company's Mako subsidiary 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 Company's strategy is to consolidate service providers to the offshore industry, as well as designers and manufacturers of subsea, surface, and offshore rig equipment used by major, independent, and foreign national oil and gas companies in deep-water exploration and production of oil and gas throughout the world. Deep Down's customers include BP Petroleum, Royal Dutch Shell, Exxon Mobil Corporation, Devon Energy Corporation, Chevron Corporation, Anadarko Petroleum Corporation, Marathon Oil Corporation, Kerr-McGee Corporation, Nexen Inc., BHP, Amerada Hess, Helix, Oceaneering International, Inc., Subsea 7, Inc., Transocean Offshore, Diamond Offshore, Marinette Marine Corporation, Acergy, Veolia Environmental Services, Noble Energy Inc., Aker Kvaerner, Cameron, Oil States, Dril-Quip, Inc., Nexans, Cabett, JDR, and Duco, among others. For further company information, please visit http://www.deepdowninc.com and http://www.electrowaveusa.com

Company information distributed through the Market Access Program is based upon information that Standard & Poor's considers to be reliable, but neither Standard & Poor's nor its affiliates warrant its completeness or accuracy, and it should not be relied upon as such. This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument.

One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. Deep Down urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.

SOURCE Deep Down, Inc.

http://www.deepdowninc.com

[jas1n]

up 54% today wish I bought it cheaper damn.. I bought it at .56 a week ago

[stockviper]

Up 6% so far today and still rediculously low at these levels. Should be MUCH higher.

[ChrisA351]

Thank you so much...:mrgreen:

[stockviper]

Thank you so much...:mrgreen:

Did you get some? DPDW that is. It's painful on the little dips now but I can't wait to see where it is a few months from now. $1.00? $2.00

[ChrisA351]

Yes sir!!!

In at 48 out at 72.

I am once again motivated by more that just watching the 401k.

[Wonder]

Some news today.
Deep Down, Inc. (OTC Bulletin Board: DPDW) announced today that it has converted all 5,000 shares of Series D Convertible Preferred Stock outstanding and held by Ronald E. Smith, President and CEO and Mary L. Budrunas, VP, into 25,866,529 shares of common stock of Deep Down. The Series D Convertible Preferred Stock was convertible at $0.1933 per share. The Holders of Series D Convertible Preferred Stock also had the option, beginning April 29, 2008, to force the Company to use up to 15.625% of the prior year's audited net income to redeem shares of Series D Preferred Stock held by them at $1,000 per share.

[Dinvest]

This is definitely worth a second look to those of you who have passed this up or have sold out.

Here is why I like it: As we know, there are many shady companies on the OTC and there is definitely a fair shares of complete scams. DPDW is about as LEGIT as you can get. I mean, they even have webcams that allow you to watch the men at work! Needless to say the fundamentals of this company are quite attractive. The chart at this point is also showing some great signs. The RSI is looking good, MACD is looking bullish, volume is solid, etc. I am definitely looking forward to the 10K which should be released pretty soon.

[stockviper]

April 1, 2008 - 8:54 AM EDT

DPDW 0.715 0.025

Deep Down Announces 120% Increase in Revenue
HOUSTON, April 1, 2008 /PRNewswire-FirstCall/ -- Deep Down, Inc., a Nevada corporation (OTC Bulletin Board: DPDW), today announced it has filed its Form 10-KSB for the period ending December 31, 2007, with the Securities and Exchange Commission. Under purchase accounting rules, the financial results of operations for 2006 include the operations of Deep Down only for the period beginning November 21, 2006 and ending December 31, 2006, the period after which its Deep Down (Delaware) subsidiary was acquired. During this period in 2006, Deep Down reported revenues of $978,047. In order to present a more complete view of full-year operations for Deep Down during 2006 and to present more meaningful comparable results, management also presented unaudited pro forma consolidated results of operations for 2006 as if the acquisition of Deep Down had occurred on January 1, 2006. The discussion below compares audited financial information for the fiscal year ended December 31, 2007 with unaudited pro forma financial information for the year ended December 31, 2006.

Revenue for the year ended December 31, 2007, was $19,389,730, an increase of $10,568,581 or 119.8%, compared to revenue of $8,821,149 for the comparable period in 2006. Gross profit for 2007 was $6,369,361, an increase of $2,703,611 or 73.8%, compared to gross profit of $3,665,750 for 2006. Gross profit dropped from 41.6% to 32.8%, primarily as the result of increased expenses associated with the development of new products during the year. Management expects margins to improve with wider acceptance of these recent product introductions. Operating income for 2007 was $1,657,844 for 2007, an increase of $3,868,886 compared to a loss of $2,211,042 for the comparable period in 2006. Net income for 2007 was $952,509, an increase of $3,764,136 compared to a loss of $2,811,627 for the comparable period in 2006.

Deep Down uses EBITDA as an unaudited supplemental financial measure to assess the financial performance of its assets without regard to financing methods, capital structure, taxes or historical cost basis. The Company defines EBITDA as net income plus interest expense, income taxes, depreciation, amortization and other non-cash, non-operating expense. The term EBITDA is not defined under generally accepted accounting principles, and EBITDA is not presented as an alternative measure of operating results or cash flow from operations. EBITDA does not give effect to cash used for debt service requirements, and thus, does not reflect funds available for investment, distributions or other discretionary uses. When assessing Deep Down's operating performance or liquidity, investors and others should not consider this data in isolation or as a substitute for net income, cash flow from operating activities, or other cash flow data calculated in accordance with generally accepted accounting principles. However, Deep Down also understands that such data are used by some investors, equity analysts, and others to make informed investment decisions. EBITDA is used as an analytical indicator of income generated to service debt and fund capital expenditures. In addition, multiples of current or projected EBITDA are used to estimate current or projected enterprise value. EBITDA for 2007 was $2,272,202, up 43.0% compared to $1,296,218 for 2006.

'Our management team is extremely proud of our first full year's results of operations as a public company. The income statement is primarily reflective of growth in our core operations and includes only one month of financial results for our most recent acquisition, Mako Technologies. We expect the full impact of this acquisition to manifest itself in future periods,' commented Robert E. Chamberlain, Jr., Deep Down's Chairman and Chief Acquisitions Officer. 'We are committed to the continued fulfillment of our strategic acquisition objectives to position Deep Down as a preferred provider of services and products in support of deepwater exploration, development and production of oil and gas, and other maritime operations,' Chamberlain added.

'Our significant revenue growth is reflective of Deep Down's commitment to offer innovative services, products, and solutions to support major oil and gas operators, installation contractors, and umbilical and control suppliers in their continual effort to enhance the progression and completion of major offshore oil and gas exploration and production projects. Our goal is to deliver innovative solutions to our customers quicker, more cost-effectively, and more safely. We are also focused on protecting our innovations more effectively as we venture into the uncharted frontier of deeper water,' commented Ronald E. Smith, Deep Down's President and Chief Executive Officer.

'We are particularly proud of the balance sheet improvements experienced during 2007. We have simplified the capital structure by redeeming for cash or exchanging for common stock various series of preferred stock. Deep Down experienced significant balance sheet improvements over the period with an increase in shareholders' equity of $15.9 million. This dramatic increase does not reflect the recent conversion of the Series D Preferred Stock or the final payment for the Mako acquisition. We believe our liquidity to be healthy as well. Compared to the prior period, our accounts receivable have increased by $5.9 million to $7.2 million. Our accounts payable have only increased by $2.8 million to $3.6 million. We will continue to focus on simplifying the capital structure, reducing capital costs, and positioning the company to finance future acquisitions,' said Eugene L. Butler, Deep Down's Chief Financial Officer.

About Deep Down, Inc.

Deep Down specializes in the provision of innovative solutions, installation management, engineering services, support services, custom fabrication and storage management services for the offshore subsea control, umbilical, and pipeline industries. The company fabricates component parts of subsea distribution systems and assemblies that specialize in the development of subsea fields and tie backs. These items include umbilicals, flow lines, distribution systems, pipeline terminations, controls, winches, and launch and retrieval systems, among others. Deep Down provides these services from the initial field conception phase, through manufacturing, site integration testing, installation, topside connections, and the final commissioning of a project.

The Company's ElectroWave subsidiary offers products and services in the fields of electronic monitoring and control systems for the energy, military, and commercial business sectors. ElectroWave designs, manufactures, installs, and commissions integrated PLC and SCADA based instrumentation and control systems, including ballast control and monitoring, drilling instrumentation, vessel management systems, marine advisory systems, machinery plant control and monitoring systems, and closed circuit television systems.

The Company's Mako subsidiary 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 Company's strategy is to consolidate service providers to the offshore industry, as well as designers and manufacturers of subsea, surface, and offshore rig equipment used by major, independent, and foreign national oil and gas companies in deep-water exploration and production of oil and gas throughout the world. Deep Down's customers include BP Petroleum, Royal Dutch Shell, Exxon Mobil Corporation, Devon Energy Corporation, Chevron Corporation, Anadarko Petroleum Corporation, Marathon Oil Corporation, Kerr-McGee Corporation, Nexen Inc., BHP, Amerada Hess, Helix, Oceaneering International, Inc., Subsea 7, Inc., Transocean Offshore, Diamond Offshore, Marinette Marine Corporation, Acergy, Veolia Environmental Services, Noble Energy Inc., Aker Kvaerner, Cameron, Oil States, Dril-Quip, Inc., Nexans, Cabett, JDR, and Duco, among others. For further company information, please visit http://www.deepdowninc.com, http://www.electrowaveusa.com and http://www.makotechnologies.com.

One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered 'forward-looking statements,' generally preceded by words such as 'plans,' 'expects,' 'believes,' 'anticipates,' or 'intends.' We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. Deep Down urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.



Deep Down, Inc.
Consolidated Statements of Operations
For the Year Ended December 31, 2007 and
For the Period Since Inception (June 29, 2006) to December 31, 2006

Historical Results Unaudited Pro forma
Year Ended Year Ended
December 31, 2007 December 31, 2006

Revenues $19,389,730 $ 8,821,149
Cost of sales 13,020,369 5,155,399
Gross profit 6,369,361 3,665,750

Operating expenses:
Selling, general & administrative (1) 4,284,553 5,710,324
Depreciation 426,964 166,468
Total operating expenses 4,711,517 5,876,792

Operating income 1,657,844 (2,211,042)

Other income (expense):
Gain on disposal of assets - -
Gain on debt extinguishment 2,000,000 -
Interest income 94,487 -
Interest expense (2) (2,430,149) (578,335)

Total other income (335,662) (578,335)

Income from continuing operations 1,322,182 (2,789,377)

Income tax expense (369,673) (22,250)
Net income (loss) $952,509 $(2,811,627)

Basic earnings per share $0.01 $(0.04)
Shares used in computing basic
per share amounts 73,917,190 75,862,484

Diluted earnings per share $0.01 $(0.04)
Shares used in computing diluted
per share amounts 104,349,455 75,862,484

(1) Includes $3.3 million compensation expense from the issuance of
Series F and G preferred shares.
(2) Includes approximately $423,258 additional interest expense from the
accretion of the Series E preferred shares.



Calculation of EBITDA

2007 Pro Forma 2006 Change %

Net income (loss) $952,509 $ (2,811,627) $3,764,136 395.20%
Tax expense 369,673 22,250 347,423 94.00%
Gain on debt
extinguishment (2,000,000) - (2,000,000) 100.00%
Interest 2,335,662 578,335 1,757,327 75.20%
Other income (expense) - - - NMF
Depreciation and
amortization expense 426,964 166,468 260,496 61.00%
Stock based compensation
expense 187,394 3,340,792 (3,153,398) NMF

EBITDA $2,272,202 $1,296,218 $975,984 43.00%



Deep Down, Inc.
Statements of Stockholders' Equity
For the Year Ended December 31, 2007 and
For the Period Since Inception (June 29, 2006) to December 31, 2006

December 31, December 31,
2007 2006
Assets
Cash and equivalents $2,206,220 $ 12,462
Restricted cash 375,000 -
Accounts receivable, net of allowance of
$139,787 and $81,809 7,190,466 1,264,228
Prepaid expenses and other current assets 312,058 156,975
Inventory 502,253 -
Lease receivable, short term 414,000 -
Work in progress 945,612 916,485
Receivable from Prospect, net 2,687,333 -
Total current assets 14,632,942 2,350,150
Property and equipment, net 5,172,804 845,200
Other assets, net of accumulated amortization
of $54,560 and $0 1,109,152 -
Lease receivable, long term 173,000 -
Intangibles, net 4,369,647 -
Goodwill 10,594,144 6,934,213
Total assets $36,051,689 $10,129,563

Liabilities and Stockholders' Equity (Deficit)
Accounts payable and accrued liabilities $3,569,826 $816,490
Deferred revenue 188,030 190,000
Payable to Mako Shareholders 3,205,667 -
Current portion of long-term debt 995,177 410,731
Total current liabilities 7,958,700 1,417,221
Long-term debt, net of accumulated
discount of $1,703,258 and $0 10,698,818 757,617
Series E redeemable exchangeable preferred
stock, face value and liquidation preference
of $1,000 per share, no dividend preference,
authorized 10,000,000 aggregate shares of all
series of Preferred stock 500 and 5,000 issued
and outstanding, respectively 386,411 3,486,376
Series G redeemable exchangeable preferred
stock, face value and liquidation preference
of $1,000 per share, no dividend preference,
authorized 10,000,000 aggregate shares of all
series of Preferred stock 0 and 1,000 issued
and outstanding, respectively - 697,275
Total liabilities 19,043,929 6,358,489

Temporary equity:
Series D redeemable convertible preferred
stock, $0.01 par value, face
value and liquidation preference of $1,000 per
share, no dividend preference, authorized
10,000,000 aggregate shares of all series of
Preferred stock 5,000 issued and outstanding 4,419,244 4,419,244
Series F redeemable convertible preferred stock,
$0.01 par value, face value and liquidation
preference of $1,000 per share, no dividend
preference, authorized 10,000,000 aggregate
of all series of Preferred stock 0 and 3,000
issued and outstanding, respectively - 2,651,547
Total temporary equity 4,419,244 7,070,791
Stockholders' equity (deficit):
Series C convertible preferred stock,
$0.001 par value, 7% cumulative dividend,
authorized 10,000,000 aggregate shares of
all series of Preferred stock 0 and 22,000
shares issued and outstanding, respectively - 22
Common stock, $0.001 par value, 490,000,000
shares authorized, 85,976,526 and 82,870,171
shares issued and outstanding, respectively 85,977 82,870

Paid in capital 14,849,847 82,792

Accumulated deficit 2,347,308 3,299,817

Total stockholders' equity (deficit) 12,588,516 3,299,717

Total liabilities and stockholders' equity $36,051,689 $10,129,563

SOURCE Deep Down, Inc.



Source: PR Newswire (April 1, 2008 - 8:54 AM EDT)

News by QuoteMedia
www.quotemedia.com

[Dinvest]

I am pretty happy with the shares I bought last week... Viper where do you see this one going?

[stockviper]

I am pretty happy with the shares I bought last week... Viper where do you see this one going?

As far as I know, the old stock target price of 2.50 is still there from D.R., Personally, I'd be happy with $2.00. I can't understand why it's still under a buck??

[jas1n]

I think it s going to go over a dollar soon. I think .80 was a resistance.

[jas1n]

double

[stockviper]

I think it s going to go over a dollar soon. I think .80 was a resistance.
Might have popped over .80 today if not for the GR bad news. That seems to be dragging the whole market down. *%#@ing GE

[stockviper]

More Good News Yesterday:

April 17, 2008 - 2:01 PM EDT


Deep Down to Acquire Flotation Technologies
HOUSTON, April 17 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW) today announced it has executed a Stock Purchase Agreement to purchase all of the outstanding capital stock of Flotation Technologies, Inc.

Headquartered in Biddeford, Maine, Flotation Technologies is a recognized leader in the design and manufacture of deepwater buoyancy systems, specializing in Flotec(TM) syntactic foam and polyurethane elastomer products. With extensive engineering, design, fabrication, and analysis capabilities, Flotation Technologies provides quick turnaround, cost-effective buoyancy and elastomer products to the worldwide oceanographic, offshore energy, seismic, and military markets. Within the past few years, Flotation Technologies has received its approved vendor status for the supply of engineered products such as distributed buoyancy, installation buoyancy and bend limiting products from numerous customers including Aker Kvaerner, Cooper Cameron, Chevron, Devon Energy, Exxon Mobil, Oceaneering Multiflex, Petrobras, Shell, Statoil, Technip, and Wellstream International. More information can be obtained at http://www.flotec.com.

Unaudited financial information provided by the management of Flotation Technologies indicates that revenue for the latest twelve months ending March 31, 2008, was approximately $17.27 million, with pretax income of $4.84 million, and EBITDA of $5.26 million, adjusted for certain nonrecurring expenses and a gain on sale of real estate assets. Financial results of operations for the years ended December 31, 2007 and 2006, will be presented when audits are finalized.

'The total purchase price for the acquisition is expected to be approximately $23.3 million. Flotation Technologies' revenue for the year ended December 31, 2007, was approximately double the revenue realized in the prior year. According to Quest Subsea Forecast (October 2007), capital expenditures in the offshore energy industry are expected to experience significant growth for the next several years. Our strategy is to participate in that growth. Buoyancy will become more important as the offshore energy industry continues its trend toward exploration and development activities in ultra deep waters. This acquisition will give Deep Down a major product line, position the Company to become a leader in flotation systems, and increase our presence in deepwater operations,' commented Robert E. Chamberlain, Jr., Deep Down's chairman and chief acquisition officer.

Ronald E. Smith, Deep Down's president and chief executive officer commented, 'We are very excited about this acquisition. Our strategy is to work closely with management to expand their existing business and explore new areas of opportunity. Our view of the future of subsea equipment involves structural integration of buoyancy into various components of the undersea distribution system. Due to our prominence in installation activities of subsea equipment throughout the world, our customers are increasingly asking us to supply the equipment and systems we install. Where appropriate, we intend to manufacture high-demand technology-advantaged products in high-growth markets. Our strategy is to become a major player in many facets of the offshore deepwater industry.'

Deep Down's closing of the purchase of Flotation Technologies remains subject to several conditions, including Deep Down's obtaining financing for the payment of the purchase price.

About Deep Down, Inc.

Deep Down specializes in the provision of innovative solutions, installation management, engineering services, support services, custom fabrication and storage management services for the offshore subsea control, umbilical, and pipeline industries. The company fabricates component parts of subsea distribution systems and assemblies that specialize in the development of subsea fields and tie backs. These items include umbilicals, flow lines, distribution systems, pipeline terminations, controls, winches, and launch and retrieval systems, among others. Deep Down provides these services from the initial field conception phase, through manufacturing, site integration testing, installation, topside connections, and the final commissioning of a project.

The Company's ElectroWave subsidiary offers products and services in the fields of electronic monitoring and control systems for the energy, military, and commercial business sectors. ElectroWave designs, manufactures, installs, and commissions integrated PLC and SCADA based instrumentation and control systems, including ballast control and monitoring, drilling instrumentation, vessel management systems, marine advisory systems, machinery plant control and monitoring systems, and closed circuit television systems.

The Company's Mako subsidiary 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 Company's strategy is to consolidate service providers to the offshore industry, as well as designers and manufacturers of subsea, surface, and offshore rig equipment used by major, independent, and foreign national oil and gas companies in deep-water exploration and production of oil and gas throughout the world. Deep Down's customers include BP Petroleum, Royal Dutch Shell, Exxon Mobil Corporation, Devon Energy Corporation, Chevron Corporation, Anadarko Petroleum Corporation, Marathon Oil Corporation, Kerr-McGee Corporation, Nexen Inc., BHP, Amerada Hess, Helix, Oceaneering International, Inc., Subsea 7, Inc., Transocean Offshore, Diamond Offshore, Marinette Marine Corporation, Acergy, Veolia Environmental Services, Noble Energy Inc., Aker Kvaerner, Cameron, Oil States, Dril-Quip, Inc., Nexans, Cabett, JDR, and Duco, among others. For further company information, please visit http://www.deepdowninc.com, http://www.electrowaveusa.com and http://www.makotechnologies.com.

One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered 'forward-looking statements,' generally preceded by words such as 'plans,' 'expects,' 'believes,' 'anticipates,' or 'intends.' We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. Deep Down urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.

[stockviper]

WOW...what happened? Started to run and over .90 now.

weeee

[stockviper]

News out!

Deep Down Announces New Distribution Agreement With Hach Ultra

HOUSTON, May 5 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW) today announced it has entered into a distributor agreement with Hach Ultra, manufacturer of HIAC liquid particle counters, for its highly advanced GlyCount(TM) liquid particle counter and Portable Oil Diagnostic System (PODS).

The portable GlyCount(TM) liquid particle counter analyzes glycol fluids and coolants in bottle sampling and on-line modes. The new instrument provides rapid test results that are consistent with conventional laboratory microscope or liquid particle counter analyses. Accurate particle counting results are delivered in significantly less time than is required under traditional analysis practices. Instead of taking up to 30 minutes to take one reading of a sample, this instrumentation will allow a user to take three readings of a sample in as little as 10 seconds. This portable instrument delivers cleanliness results at the point-of-use under actual operating conditions, further reducing manpower and analysis time. Just as the GlyCount(TM) system is used in glycol oil-based fluid testing, Hach Ultra's portable PODS oil testing system is used to test hydraulic fluids, providing rapid and accurate test results, under NAS and ISO standards, for oil based fluids.

Ronald E. Smith, Deep Down's president and chief executive officer commented, 'Umbilical fluids used offshore are required to be nearly particle free, and call for frequent analyses. Until now, this analysis was performed manually with a microscope and took up to 30 minutes per sample resulting in many hours of analysis time. We are pleased to have been chosen by Hach Ultra to market and sell these time saving units to the offshore/subsea market. With the GlyCount(TM) liquid particle counter, these same analyses are completed, in triplicate, within about 10 seconds. The GlyCount(TM) liquid particle counter is a natural fit with all of Deep Down's offshore services and products as it saves time, provides reliable results, and helps get projects back online quicker.'

'In addition, these rapid fluid particle counting systems can be used to test both manually collected samples and in-line samples. Together with our Electrowave USA division, Deep Down intends to integrate this vital in-line monitoring capability into our marine vessel monitoring systems and offer clients real-time monitoring of their on-board fluid conditions. We believe such a time and money saving device will be in high demand within our market, and we will be demonstrating it, along with the rest of Deep Down's services and products, at this week's Offshore Technology Conference in Houston, Texas,' Smith concluded.

For more information about the GlyCount(TM) and PODS liquid particle counters, and all of Deep Down's subsea/deepwater services and products, please contact our sales department at (281) 862-2201.

About Hach Ultra

Hach Ultra is a wholly owned subsidiary of Danaher Corporation, a Fortune 500 leader. With nearly half a century of expertise in analytical instrumentation, Hach Ultra delivers the best solutions in quality monitoring and process analytics worldwide. Our products are coupled with global service expertise for Beverage, Electronics, Life Sciences, Power Generation and Oil & Gas industrial applications. Hach Ultra service offices and authorized distributors operate in more than 80 countries. The company has four research and development centers located in Europe and the United States. Our research programs and innovation help our customers meet regulations and optimize quality throughout their processes.

About Deep Down, Inc.

Deep Down specializes in the provision of innovative solutions, installation management, engineering services, support services, custom fabrication and storage management services for the offshore subsea control, umbilical, and pipeline industries. The company fabricates component parts of subsea distribution systems and assemblies that specialize in the development of subsea fields and tie backs. These items include umbilicals, flow lines, distribution systems, pipeline terminations, controls, winches, and launch and retrieval systems, among others. Deep Down provides these services from the initial field conception phase, through manufacturing, site integration testing, installation, topside connections, and the final commissioning of a project.

The Company's ElectroWave subsidiary offers products and services in the fields of electronic monitoring and control systems for the energy, military, and commercial business sectors. ElectroWave designs, manufactures, installs, and commissions integrated PLC and SCADA based instrumentation and control systems, including ballast control and monitoring, drilling instrumentation, vessel management systems, marine advisory systems, machinery plant control and monitoring systems, and closed circuit television systems.

The Company's Mako subsidiary 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 Company's strategy is to consolidate service providers to the offshore industry, as well as designers and manufacturers of subsea, surface, and offshore rig equipment used by major, independent, and foreign national oil and gas companies in deep-water exploration and production of oil and gas throughout the world. Deep Down's customers include BP Petroleum, Royal Dutch Shell, Exxon Mobil Corporation, Devon Energy Corporation, Chevron Corporation, Anadarko Petroleum Corporation, Marathon Oil Corporation, Kerr-McGee Corporation, Nexen Inc., BHP, Amerada Hess, Helix, Oceaneering International, Inc., Subsea 7, Inc., Transocean Offshore, Diamond Offshore, Marinette Marine Corporation, Acergy, Veolia Environmental Services, Noble Energy Inc., Aker Kvaerner, Cameron, Oil States, Dril-Quip, Inc., Nexans, Cabett, JDR, and Duco, among others. For further company information, please visit http://www.deepdowninc.com, http://www.electrowaveusa.com and http://www.makotechnologies.com.

One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered 'forward-looking statements,' generally preceded by words such as 'plans,' 'expects,' 'believes,' 'anticipates,' or 'intends.' We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. Deep Down urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.

[NHMan]

Just bought into this one. Looks like it has some legs.

[stockviper]

Just bought into this one. Looks like it has some legs.

It has MAJOR legs but isn't using them. Just creeping along lately, assimiliating company's like the Borg in Star Trek.

DPDW is becoming a one stop shop for customers like TransOcean and Rig. I like that!

[stockviper]

I just saw on another board (hub) that DPDW has completed 30 Anode Sleds...Once shipped, this should add some significant cash to the company. Also a flatbed has arrived to pick up some items. Some good photos and info on I H U B.

[stockviper]

Just bought into this one. Looks like it has some legs.

Just hit a dollar and released a PR today. Very nice.

[NHMan]

Clsed at 1.07 today. Looking good!

[jas1n]

I think earnings is coming out within 1 week.

[stockviper]

Yes...going up a few cents every day! This could just keep going and going.

[Dinvest]

Did you check the earnings.... not too great IMO

[stockviper]

Somebody's buying big today!

Volume is already over the daily amount and the price is going up! (finally)

[jas1n]

looking good wish i bought more at .50

[Jordan]

Keeps going up, I might jump in. What is everyone's target?

[Rich]

Stockviper,

This stock had a GREAT run, nice pick for the first of the year, then corrected. It looks now that it may run again. Your thoughts?
Rich

[Rich]

This week it was reported they have a 96% increase in revenues.

http://biz.yahoo.com/prnews/080820/law012.html?.v=101