SANTA FE, N.M., Oct. 13, 2009 (GLOBE NEWSWIRE) -- Natural Blue Resources, Inc. (OTCBB:NTUR) announced today it has signed a letter of intent to purchase On Demand Color Group, LLC and its operating entity Print Responsibly.com, an online Eco-Friendly print and marketing company based in Long Island City, New York. The intended acquisition is part of the Eco-Friendly strategy of NTUR as it pursues its goals of acquiring and operating related companies in an efficient and environmentally responsible manner.
Print Responsibly.com (www.printresponsibly.com) is an online printing service company that specializes in fulfilling print orders for small businesses in need of marketing collateral, office supplies, and signage utilizing recycled "Green" products whenever feasible. NTUR Chairman Toney Anaya commented, "Print Responsibly.com is a unique company to the printing industry and the kind of 'green' company that we are potentially seeking to associate with. Their recycling program makes them stand out as industry leaders and we intend to help them grow exponentially with our capital and business relationships."
Christopher Gravagna is President and CEO of Print Responsibly.com. Mr. Gravagna commented, "We will be proud to join the NTUR Team of Eco Friendly Companies. Our online website and marketing expertise can revolutionize the online printing and marketing experience. We intend to aggressively expand this market currently dominated by one of the largest online companies with current revenues of some $500 million using similar techniques to our strategy. We will begin immediately to compete and expand in a large market segment; however we will do so uniquely in an Eco-friendly manner with recycled materials and our www.printresponsibly.com platform."
The letter of intent is subject to successful due diligence and final audit of the On Demand Color Group LLC and Print Responsibly.com financials.
Safe Harbor Statement:
Certain statements contained herein are forward looking. These forward-looking statements are based on our current expectations and are subject to a number of risks, uncertainties and assumptions. Many factors could cause actual results to differ significantly from these statements, including our history of operating losses, our need for additional financing, a failure of our products to perform as expected, introduction of competing products by other companies, pressures on prices from competitors and/or customers, regulatory obstacles to new product introductions, lack of acceptance of our products and technology changes. These risks, uncertainties and assumptions are detailed in documents filed by us with the Securities and Exchange Commission. The Company cautions that the foregoing list of important factors is not exclusive. Any forward-looking statements are made as of the date of the document in which they appear. The Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.