Natural Blue Resources Inc (NTUR)

Description:

Natural Blue Resources, Inc. was formerly known as DataMeg Corporation. On April 14, 2009, the Company entered into a Share Exchange Agreement to acquire Natural Blue Resources, Inc. (NBR), a Nevada corporation a water utility company. The Company also amended the Certificate of Incorporation to change the name of the Company to Natural Blue Resources, Inc. The Board of Directors believes that the name change is in its best interest in order to better reflect the business operations of its combined enterprise following the consummation of its acquisition of NBR pursuant to the Agreement. NBR is engaged in the business of exploring the excavation, purification and distribution of deep brackish water in the Southwest. Water is a precious commodity throughout the Southwest. Increasing populations, development, and arid conditions would continue to place a strain on existing water supplies. New water sources must be developed or communities in the Southwest would be faced with potentially insurmountable consequences. NBR intends to develop 'deep water' in the Southwest as a new source of badly-needed water. 'Deep water' means water in an aquifer that does not co-mingle with any regular groundwater aquifer, the top confining layer of the aquifer is located more than 2500 feet below the surface, and the quality of the water is poor (i.e., 'brackish' or in need of desalination before it is drinkable or 'potable'). Water qualifies as 'deep water' only if all three criteria are met. NBR has strategically positioned itself to access 'deep water' in appropriate areas. Utilizing state-of-the-art technology, financial resources, and knowledgeable management, NBR intends to develop this new water source in an environmentally-friendly, 'green' approach that would benefit states and their citizens in a visionary manner. There is no guarantee of the quantity or quality of water that would be encountered during drilling.