The red indicators are most likely some form of litmus paper which will indicate liquid. Manufacturer warranty does not cover liquid damage. Remove the battery asap and do not try to power device on or you will risk a short. Using a paper towel, blot all external parts to remove all visible traces of liquid.
Your best bet is to completely cover the device in uncooked rice and place it in a sealed plastic bag for 24 hours or so. I would guess about 2 cups of rice would be enough to completely surround device based on the average size of a blackberry. The uncooked rice will act like a dessicant which will pull water out of the device. If liquid entered the LCD display there is not much that you can do as this is permanent.
To be completely frank, your device is likely to fail since corrosion may set in...If you have some sort of insurance its best to use it asap and don't wait for the device to fail or you will lose your personal data. In the event you do not have insurace, it may be wise to look into purchasing a plan as most wireless carrier offer this service.
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