In the news release, Deep Down Announces First Quarter 2012 Earnings Conference Call and Webcast, issued 10-Aug-2012 by Deep Down, Inc. over PR Newswire, we are advised by the company that the mentions of "First Quarter" in the headline and first paragraph should be "Second Quarter". The complete, corrected release follows:

Deep Down Announces Second Quarter 2012 Earnings Conference Call and Webcast

The teleconference will begin at 4:30pm Eastern time (3:30pm CDT) and will be hosted by Mr. Ron Smith, President and CEO, and Mr. Gene Butler, Executive Chairman and CFO. The related press release was issued on August 9, 2012.

To participate in the teleconference, please dial (877) 293-5456 a few minutes before the scheduled start time. International callers are invited to call (707) 287-9357. Please refer to confirmation code 20101414. A replay of the call will be available one hour after the completion of the call through August 21, 2012. To access the replay, please dial 855-859-2056, or if you are calling internationally, dial 404-537-3406. Please refer to confirmation code 20101414. The live webcast and archived replay also can be accessed on the Company's web site at www.deepdowncorp.com.

About Deep Down, Inc.

Deep Down, Inc. is an oilfield services company serving the worldwide offshore exploration and production industry. Deep Down's proven services and technological solutions include distribution system installation support and engineering services, umbilical terminations, loose-tube steel flying leads, distributed and drill riser buoyancy, ROVs and tooling, marine vessel automation, control, and ballast systems. Deep Down supports subsea engineering, installation, commissioning, and maintenance projects through specialized, highly experienced service teams and engineered technological solutions. The company's primary focus is on more complex deepwater and ultra-deepwater oil production distribution system support services and technologies, used between the platform and the wellhead. More information about Deep Down is available at www.deepdowncorp.com.

Forward-Looking Statements

Any forward-looking statements in the preceding paragraphs of this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties and that actual results may differ materially from those projected in the forward-looking statements. In the course of operations, we are subject to certain risk factors, competition and competitive pressures, sensitivity to general economic and industrial conditions, international political and economic risks, availability and price of raw materials and execution of business strategy. For further information, please refer to the Company's filings with the Securities and Exchange Commission, copies of which are available from the Company without charge.