Marine Growth Ventures, Inc. Announces Department of Justice Registration

MGV received notification from the U.S. Department of Justice confirming its registration for the remainder of Calendar Year 2004 under the Gambling Devices Act of 1962.

Cape Canaveral, FL (PRWEB) June 26, 2004 -- Marine Growth Ventures, Inc. (MGV") Chairman Frank Crivello announced it received notification from the U.S. Department of Justice confirming its registration for the remainder of Calendar Year 2004 under the Gambling Devices Act of 1962.

MGV Chairman Frank P. Crivello stated: This registration was necessary before our company could transport and store slot machines and other gambling equipment on vessels that we plan to offer for charter. We are pleased to have this registration. We are actively seeking the purchase of such equipment for placement on vessels we plan to purchase and charter to third parties."

About Marine Growth Ventures, Inc. (MGV") www.marinegrowthventures.com

MGVs 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

www.new-school.com

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