Deep Down, Inc. (OTCQX: DPDW) ("Deep Down"), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services is pleased to announce the formation of Deep Down Brasil, Ltda., confirming their interest in supporting the dynamic offshore oil and gas industry in Brazil.  Deep Down Brasil will offer the full range of innovative subsea products and services currently offered by Deep Down Inc., expanding our efforts already underway in Brazil.

Ron Smith , Chief Executive Officer of Deep Down, Inc. stated, "We are very excited about the opportunities available to us in Brazil and, by forming Deep Down Brasil, have made a serious commitment to this market.  Our experience in providing technical solutions to virtually every worldwide oil and gas venue situates us well to support the ever increasing challenges in the deep waters of Brazil. Our expertise, in conjunction with local, strategic partners, will position Deep Down for long term success in this important market."