Natural Blue Resources, Inc. Announced Today the Signing of Two Key Agreements to Advance the Growth, Business Interests, and Fu
January 25 2011 - 5:45AM
In a letter to NTUR shareholders, CEO Toney Anaya of Natural Blue
Resources, Inc. (OTCBB:NTUR) said, "It's a real pleasure to advise
you of two agreements your Company has entered into to advance our
steel business. One agreement with Atlantic Acquisitions, LLC,
a Delaware LLC, and its wholly-owned subsidiary, Atlantic
Dismantling and Site Contractors, Corp ("Atlantic"), provides for
Atlantic to assign tens of millions of dollars in Atlantic steel
contracts to NTUR and to pursue future steel contracts on behalf of
Natural Blue Steel Atlantic, LLC, a wholly-owned subsidiary to be
formed by NTUR."
Anaya advised that, "the second agreement, this one with Watch
Harbor Asset Management, LLC, a Delaware LLC with principal offices
in New York City, will make the fund-raising expertise of Watch
Harbor available to NTUR to raise additional capital for new steel
projects NTUR will pursue in association with Atlantic.
"This combination of access to existing contracts for the
acquisition, dismantling, and marketing of steel, plus access to
additional financing opportunities should allow the Company to more
realistically meet its goals of becoming a major company in this
lucrative business sector," continued Anaya.
"As a result of our new relationship with Atlantic, their
associates, finance sources, and their key executives, Natural Blue
Steel expects to see more than $3,540 million in new revenues in
the next eight months from new demolition sites that will operate
under the Natural Blue Steel/Atlantic division. While Atlantic
contracts currently involve 14 sites, we expect to be operating
with Atlantic at more than 30 sites in the next several months. We
expect this opportunity to gain a nationwide and global magnitude
with new funding and new project opportunities being presented to
the Company. The Company has also located and is negotiating for a
vast quantity of prepared Scrap HMS1 and HMS2 from outside the
United States that will be offered to potential Natural Blue Steel
clients worldwide."
"Our goals are to generate significant revenues from these
activities and be a major supplier to the world steel
community from our domestic sources as well. We will be issuing
additional performance-based restricted shares and, in return,
expect that the activity generated will be well worth the
distribution without having to spend cash or expose the Company to
the risks of a very slow and long development period for this
expected profitable business," he continued.
"To make the transition from a development company to a fully
operational company, it is necessary to staff the company
accordingly. We are appointing new officers and a new board of
directors for the Company that will include veterans from the
finance and steel industries as well as members of the present
management of Atlantic. The current NTUR board members and officers
will resign at the closing."
Erik H. Perry, incoming President and CEO, said in the letter to
shareholders that, "I am very enthusiastic to bring our
Atlantic experience and work ethic to the Natural Blue
Resources team. We at Atlantic have many years of experience
in the steel, demolition, construction, and redevelopment business
segments. I am grateful for the opportunity to work with Governor
Anaya on behalf of the shareholders to provide a smooth transition
and begin an exciting operating phase for our new Company. I will
be communicating with you very soon on the progress made by
NTUR. I am both honored and pleased to be serving our Company
and I look forward to a bright future with you as our
shareholders."
Anaya assured a smooth transition and said he was exploring
taking a position with the Company to develop NTUR's water
division. "There is a great and increasing need to develop new
water resources from deep, brackish sources. My home state of
New Mexico could present a viable business opportunity for NTUR to
pursue and from which to expand", he said.
The consideration for the Atlantic Acquisition agreement is 35
million new shares of restricted common stock, which shall be
returned if the new venture does not meet certain performance
measures, including at least $35 million in contracts during the
first six months and other goals. The Company expects to timely
file a Form 8-K later this week to provide further details
regarding the terms of the Atlantic agreement, the Watch Harbor
agreement, as well as information regarding the new management
team.
About Natural Blue Resources, Inc.
Natural Blue Resources, Inc. was formed to own and operate
earth-friendly businesses that utilize green technologies while
conserving natural resources. The Company has three
wholly-owned initiatives: EcoWave that purchased rights to
technology to treat waste water and other wastes; Natural Blue
Steel, Inc., a wholly-owned subsidiary to purchase, ship and
re-sell recycled steel; and a water division with a planned
initiative to focus on developing drinking water projects. The
Company's goals are to identify additional companies and
technologies to acquire and operate as feasible that complement its
existing initiatives.
Forward-Looking Statements:
This release includes statements that constitute forward-looking
statements. Such forward-looking statements are based on
information available at the time and management's belief with
respect to future events, and are subject to factors, risks and
uncertainties that could cause actual performance or results to
differ materially from those expressed in the statements. Such
factors, risks and uncertainties include, but are not limited to,
those described by Natural Blue Resources, Inc. in its public
filings with the Securities and Exchange Commission. Except as
required under the federal securities laws and the rules and
regulations of the Securities and Exchange Commission, we do not
have any obligation or intention to update publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise, to reflect actual results, changes in
assumptions or changes in other factors affecting forward-looking
information.
CONTACT: Naturalblueresources.com
321-293-7420
Info@naturalbluesteel.com
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