Flotation Technologies

Flotation Technologies Leverages UK-based Des Hatfield’s Extensive Experience

BIDDEFORD, MAINE – November 3, 2008 – Flotation Technologies, Inc., a Deep Down Inc. company (OTCBB: DPDW) and a global leader in deepwater buoyancy systems, today announced the appointment of Des Hatfield to European Business Development. In this new position, Mr. Hatfield will lead the company’s business development efforts in both the United Kingdom and on the European continent.

“Des is a most welcome addition to our sales and marketing team,” commented Sales and Marketing Manager, Fred Maguire. “Appointing Des to this key position underscores Flotation Technologies’ commitment to the worldwide oil and gas industry. His broad business experience, industry knowledge and strong relationships in both the United Kingdom and Europe will prove invaluable to the company as we continue our aggressive growth.”

Over the course of his 25 year career, Mr. Hatfield has filled a number of high level positions at leading marine and engineering corporations based in the United Kingdom, and served as a respected industry consultant. He has sales and marketing experience involving syntactic foam products for deepwater applications, primarily in the offshore oil and gas industry. Specifically, Mr. Hatfield has created and implemented initiatives designed to increase both market share and penetration on an international basis.

“Flotation Technologies already has a well-deserved reputation for developing quality, innovative products, and its growth over the past few years is very impressive,” stated Des Hatfield. “I hope to apply my years of experience in the industry to expand the company’s client base, increase its presence on the world stage and contribute to continued growth in the coming years.”

About Flotation Technologies
Flotation Technologies, Inc., a wholly-owned subsidiary of Deep Down Inc., (OTCBB: DPDW), is a world leader in the engineering, design and manufacturing of deepwater buoyancy systems using high-strength Flotec™ syntactic foams and polyurethane elastomers. Focused on the offshore oil, oceanographic, seismic and government markets, Flotation Technologies delivers world-class buoyancy products for a host of marine applications such as: distributed buoyancy for flexible pipes and umbilicals, drilling riser buoyancy modules, ROV buoyancy, QuickLoc™ cable floats, Hardball™ umbilical floats, FLOTECT™ cable and pipeline protection, Inflex™ polymer bend restrictors and installation buoyancy of any size and depth rating. For more information, visit www.flotec.com.

About Deep Down, Inc.
Deep Down, Inc. (OTCBB: DPDW), a publicly traded Nevada Corporation, provides, through its wholly owned subsidiary companies, services and technologies used in deepwater offshore exploration and production of oil and gas. Deep Down's customers are predominantly integrated, large independent, and foreign national oil and gas companies throughout the world. For more information about Deep Down, please contact the company at (281) 862-2201 x250 or ir@deepdowninc.com.

Forward Looking Statements

This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding our strategy, future operations, future financial position, future revenues, acquisitions, projected costs, prospects, plans and objectives of management are forward-looking statements. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements we make. All of the information provided in this release is as of November 3, 2008 and Flotation Technologies undertakes no duty to update the information provided herein.

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