The Bluewater Group Enters Into Management Partnership Agreement with Bay Creek Marina & Resort, LLC

Cape Charles, VA – February 9, 2009

ANNAPOLIS, Md. – The Bluewater Group (“Bluewater”) is proud to announce its newest management partnership with Bay Creek Marina & Resort, LLC located in Cape Charles, Virginia.  Recently named the “Best Marina Overall from Maine to North Carolina and named one of Golf Digest’s ‘Best Places to Play”, Bay Creek is the latest addition to Bluewater’s growing portfolio of yachting destinations.  Bluewater President, Mike Ladas said, “I feel confident that this relationship will benefit all involved by growing and building on Bay Creek’s already existing “world-class” appeal.”   The management partnership is a natural continuation of Bluewater’s mission to provide other avid yachters with a truly “effortless” approach to spending time on the water through a “one-source” platform capable of serving any-and-all of our clients’ needs and by employing the highest standards of professionalism and hospitality.  Mike states, “To us, yachting is more than a hobby – it is a passion that brings friends, family and colleagues together.  And it is this enthusiasm that provides the foundation for our business as owners, developers and managers of world-class yachting lifestyle destinations and interrelated maritime businesses including yacht sales, yacht service and brokerage entities.”

From its home base in Annapolis, MD and extending from North Carolina through Connecticut, Bluewater’s subsidiary, Mid Atlantic Marine Group, is the exclusive dealer of Ocean Alexander yachts sized from 48 to nearly 145 feet.  Mid Atlantic Marine Group also endeavors to provide the finest, most technically advanced yacht maintenance and repair available anywhere through its team of trained technicians – including specialists in mechanics, carpentry, electronics, fiberglass and gelcoat, painting, and air-conditioning/refrigeration.

Bay Creek Resort & Club is one of the premier golf and marina communities on the east coast, with nearly 1,780 acres of Eastern Shore real estate and two award winning, 18-hole Signature courses from legendary golfers, Jack Nicklaus and Arnold Palmer.   Bay Creek offers residents and guests an experience of a time past, with Victorian designs, an antique railway with dining car service, preserved landmarks and pedestrian access to historic Cape Charles.  The world-class marina is located in the protected harbor of King’s Creek, with deepwater access to the Intracoastal, the Bay and the Atlantic Ocean.  Oral Lambert, CEO of Bay Creek Resort & Club, explained, “This really is an extraordinary place to live, golf and boat and we’re looking forward to our newest partnership with The Bluewater Group because we truly believe they can take the marina to the next level as a world-class marina.”