Marine Growth Ventures, Inc. Announces Appointment of New Executives

Marine Growth Ventues, Inc. announced it hired Craig Hodgkins as President and Timothy Levensaler as Chief Operating Officer and appointed both to its Board of Directors.

Cape Canaveral, FL (PRWEB) August 27, 2004

Marine Growth Ventures, Inc. (“MGV”) announced it hired Craig Hodgkins as President, replacing Frank Crivello, and Timothy Levensaler as Chief Operating Officer. In addition, Mr. Hodgkins and Mr. Levensaler were appointment to MGV’s Board of Directors.

MGV Chairman Frank P. Crivello (http://www.crivello.com) stated: “Craig and Tim have tremendous experience in many aspects of the marine world. As well, both possess great personal integrity. We are proud to add Craig and Tim to our team.” MGV President Craig Hodgkins stated: “Tim and I have identified a number of ‘niche’ opportunities in transportation, freight, finance, ship management and entertainment. MGV will execute on those opportunities.”

About Marine Growth Ventures, Inc. (“MGV”) http://www.marinegrowthventures.com

MGV’s mission is to find, develop, and place in service operating businesses related to our oceans; our vision is to build successful businesses while respecting and protecting our most important environmental resource - our oceans. MGV is uniquely positioned to find, analyze, and execute on marine related opportunities in transportation, freight, finance, brokerage, real estate, gaming, and entertainment.

Safe Harbor Statement Under the Private Securities Litigation Act of 1995 - With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of the Company could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to assumptions relating to the marine market and that there will be no unanticipated material adverse change in MGV's operations or business.

Contact:    

New-School Communications, LLC

Blois Olson, 651-221-1999

http://www.new-school.com

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