Datamarine International, Inc. Announces Private Placement of Common Shares

Apr 25, 2001, 01:00 ET from Datamarine International, Inc.

    MOUNTLAKE TERRACE, Wash., April 25 /PRNewswire/ --
 Datamarine International, Inc. (OTC Bulletin Board:   DMAR) has made a private
 placement equity offering whereby up to 1,429,000 common shares and warrants
 will be offered for proceeds of up to $1,000,000.  The private placement
 offering announced in October 2000 was concluded last month with proceeds of
 approximately $3,371,000.
     The shares are restricted and have not been registered under the
 Securities Act of 1933, and may not be offered or sold in the United States
 absent a registration statement or an applicable exemption from registration
 requirements.  All shares are offered by Datamarine International, Inc. and
 there are no selling shareholders.  The proceeds of the offering will be used
 to provide working capital for general corporate purposes.  The offering is
 expected to conclude on or before June 30, 2001.
     Statements included in this press release which are not historical in
 nature are forward-looking statements made pursuant to the safe harbor
 provisions of the Private Securities Litigation Reform Act of 1995, and as
 such may involve risks and uncertainties.  These forward-looking statements
 are only predictions and are not guarantees of future performance.  There can
 be no assurance that the Company will sell all of the securities offered or
 raise the total estimated proceeds.  All forward-looking statements included
 in this press release are based on information available to the Company on the
 date hereof, and the Company assumes no obligation to update any such
 forward-looking statements.  Other potential risks are those identified in the
 Company's SEC filing.
 
     CONTACT:  Jan Kallshian, CFO of Datamarine International, Inc.,
 425-771-2182.
 
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                http://tbutton.prnewswire.com/prn/11690X10797444
 
 

SOURCE Datamarine International, Inc.
    MOUNTLAKE TERRACE, Wash., April 25 /PRNewswire/ --
 Datamarine International, Inc. (OTC Bulletin Board:   DMAR) has made a private
 placement equity offering whereby up to 1,429,000 common shares and warrants
 will be offered for proceeds of up to $1,000,000.  The private placement
 offering announced in October 2000 was concluded last month with proceeds of
 approximately $3,371,000.
     The shares are restricted and have not been registered under the
 Securities Act of 1933, and may not be offered or sold in the United States
 absent a registration statement or an applicable exemption from registration
 requirements.  All shares are offered by Datamarine International, Inc. and
 there are no selling shareholders.  The proceeds of the offering will be used
 to provide working capital for general corporate purposes.  The offering is
 expected to conclude on or before June 30, 2001.
     Statements included in this press release which are not historical in
 nature are forward-looking statements made pursuant to the safe harbor
 provisions of the Private Securities Litigation Reform Act of 1995, and as
 such may involve risks and uncertainties.  These forward-looking statements
 are only predictions and are not guarantees of future performance.  There can
 be no assurance that the Company will sell all of the securities offered or
 raise the total estimated proceeds.  All forward-looking statements included
 in this press release are based on information available to the Company on the
 date hereof, and the Company assumes no obligation to update any such
 forward-looking statements.  Other potential risks are those identified in the
 Company's SEC filing.
 
     CONTACT:  Jan Kallshian, CFO of Datamarine International, Inc.,
 425-771-2182.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X10797444
 
 SOURCE  Datamarine International, Inc.