Natural Blue Resources/Atlantic, Inc. Formed and First Contracts Signed
11 Février 2011 - 3:36PM
Natural Blue Resources, Inc. (OTCBB:NTUR) announced today that
Natural Blue Steel / Atlantic, Inc. ("NBS Atlantic") has been
formed under the laws of the State of Delaware as a wholly owned
subsidiary. The Company board of directors elected Joe Montalto and
Sal Tecce to NBS Atlantic's first board of directors and Mr.
Montalto agreed to act as Chairman of the Board. The NBS
Atlantic board appointed Sal Tecce to the position of President.
Additional information about NBS Atlantic is available at
www.naturalbluesteel.com.
For its part, NBS Atlantic announced that it has entered into
two new environmental restoration/ demolition contracts
totaling $2.5 million dollars. These projects involve
remediation of contaminated soil and ground water as part of a
major infrastructure project taking place with the transit
authority in Boston, MA. In addition, Mr. Tecce announced
that NBS Atlantic was negotiating another $6 million dollars
in demolition and soil remediation contracts in southern
Massachusetts and Rhode Island. Should NBS Atlantic
receive these contracts they would bring NBS Atlantic's total
expected revenue for the year to in excess of $50 million
dollars. The Company's CEO, Erik Perry, said," This is a great
beginning to our revenue stream and I'm thrilled that our team of
Sal Tecce and Joe Montalto have secured these contracts so quickly
given the rough weather we've all experienced."
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 four wholly-owned
active subsidiaries: Eco Wave that purchased rights to technology
to treat waste water and other wastes; Natural Blue Steel, Inc.,
and Natural Blue Steel Atlantic, a wholly-owned subsidiaries 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 goal is to acquire additional companies and
technologies that complement the operations of its existing
subsidiaries. http://www.naturalblueresources.com
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
1-866-922-1280
Info@naturalbluesteel.com
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