Bluewater Acquisition Corp. announced the following changes to the officers and directors of Bluewater. Peter Karos has resigned as Chief Executive Officer and Director of Bluewater.

Mihalis Sapountzoglou is appointed as Chief Executive Officer and will continue to serve as Bluewater's Chief Financial Officer. Antonios Backos is appointed as Chief Operating Officer. Mr. Karos will continue to work closely with Bluewater and will be joining Frederick Jones as a special advisor to the board and management of Bluewater.