HOUSTON, May 2, 2014 /PRNewswire/ -- Deep Down, Inc. (the
"Company") (OTCQX: DPDW), an oilfield services company specializing
in complex deepwater and ultra-deepwater oil production
distribution system support services today announced that
Mark Carden has joined its Board of
Directors as an independent director, effective May 1, 2014.
Mr. Carden was a Partner at Coopers & Lybrand, LLP, now
PricewaterhouseCoopers, LLP and held multiple senior-level
financial positions from 1981 to 1999; he most recently served as
Chief Operating Officer, Global Energy Assurance Practice.
Additionally, Mr. Carden was one of three CPAs in the US selected
to serve a two year fellowship at the Financial Accounting
Standards Board from 1991 to 1993. Mr. Carden holds a BBA
(graduated Cum Laude) from Texas A&M University. He is
currently the Executive Pastor and Elder at Clear Creek Community
Church.
Ron Smith, Chief Executive
Officer of Deep Down, Inc. stated, "We are pleased to make this
announcement about Mark joining our Board as an independent
director. This is another major step in strengthening our corporate
governance. Mark is a seasoned executive and will provide guidance
as we continue to expand and grow our Company."
About Deep Down, Inc.
Deep Down, Inc. is an oilfield services company serving the
worldwide offshore exploration and production industry. Deep Down's
proven services and technological solutions include distribution
system installation support and engineering services, umbilical
terminations, loose-tube steel flying leads, installation buoyancy,
ROVs and tooling, marine vessel automation, control, and ballast
systems. Deep Down supports subsea engineering, installation,
commissioning, and maintenance projects through specialized, highly
experienced service teams and engineered technological solutions.
Deep Down's primary focus is on more complex deepwater and
ultra-deepwater oil production distribution system support services
and technologies used between the platform and the wellhead. More
information about Deep Down is available at
www.deepdowncorp.com.
Forward-Looking Statements
Any forward-looking statements in the preceding paragraphs of
this release are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Investors are
cautioned that such forward-looking statements involve risks and
uncertainties in that actual results may differ materially from
those projected in the forward-looking statements. In the course of
operations, we are subject to certain risk factors, competition and
competitive pressures, sensitivity to general economic and
industrial conditions, international political and economic risks,
availability and price of raw materials and execution of business
strategy. For further information, please refer to the Company's
filings with the Securities and Exchange Commission, copies of
which are available from the Company without charge.
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SOURCE Deep Down, Inc.