SANTA FE, N.M., Jan. 28, 2011 (GLOBE NEWSWIRE) -- Natural Blue Resources, Inc. (OTCBB:NTUR) announced today the anticipated closing for the NTUR and Atlantic Dismantling transaction has occurred. The new members of the Board of Directors have been installed. NTUR also has formed a board of advisors for the Company. According to incoming President and CEO Erik H. Perry, "The advisory committee is a crucial element to our success in several ventures we are planning. Essential to all our plans is continued financing. I have asked Mr. Eric Ross to join as our first member. Eric's Watch Harbor firm has agreed to be a lead specialist in obtaining financing for our new acquisitions both domestically and abroad. I welcome him to our New Natural Blue Steel Team."
Mr. Ross commented, "We are excited about the opportunities Natural Blue Steel should see through their strategy and market position. We are believers in a larger commodity bull-market cycle through emerging market infrastructure growth from which Natural Blue Steel should benefit. I believe the new Natural Blue Steel/Atlantic combination becomes a significant company in the global commodities marketplace. We at Watch Harbor are proud to be associated with Natural Blue and I gladly accept the appointment to the board of advisors. We are confident in their abilities and our investor's keen interest in their upcoming projects."
Natural Blue Resources is the publically traded parent of Natural Blue Steel, Inc. and Natural Blue Steel Atlantic, Inc. Natural Blue Resources announced on January 25th the formation of NBS Atlantic and the assignment from Atlantic and their affiliates of more than $35M in contracts.
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.
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, 1-866-922-1280 Info@naturalbluesteel.com
CONTACT: Naturalblueresources.com 978-578-3572 Info@naturalbluesteel.com