| [X]            | Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
|----------------|-----------------------------------------------------------------------------------------|
|           |                                                                                    |
|           | For the quarterly period ended June 30, 2009                                            |
|           |                                                                                    |
| [  ] | Transition Report pursuant to 13 or 15(d) of the Securities Exchange Act of 1934        |
|           |                                                                                    |
|           | For the transition period __________ to __________                            |
|           |                                                                                    |
|           | Commission File Number:  333-140438                                           |

| Nevada                                                         | 26-1909139                        |
|----------------------------------------------------------------|-----------------------------------|
| (State or other jurisdiction of incorporation or organization) | (IRS Employer Identification No.) |

| 13511 Granville Ave., Clermont, Florida, 34711 |
|------------------------------------------------|
| (Address of principal executive offices)       |

| 352-729-0150                                                                       |
|------------------------------------------------------------------------------------|
| (Issuer’s telephone number)                                                  |
|  _______________________________________________________________              |
| (Former name, former address and former fiscal year, if changed since last report) |

| [ ] Large accelerated filer Accelerated filer | [ ] Non-accelerated filer |
|-----------------------------------------------|---------------------------|
| [X] Smaller reporting company                 | [ ] Accelerated filer     |

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|                                             | TABLE OF CONTENTS                                                                           |   Page |
|--------------------------------------------------|---------------------------------------------------------------------------------------------|------------------|
|  PART I – FINANCIAL INFORMATION  |
| Item 1:                                          | Financial Statements                                                                        | 3                |
| Item 2:                                          | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 4                |
| Item 4T:                                         | Controls and Procedures                                                                     | 9                |
|  PART II – OTHER INFORMATION     |
| Item 1:                                          | Legal Proceedings                                                                           | 10               |
| Item 2:                                          | Unregistered Sales of Equity Securities and Use of Proceeds                                 | 11               |
| Item 3:                                          | Defaults Upon Senior Securities                                                             | 11               |
| Item 4:                                          | Submission of Matters to a Vote of Security Holders                                         | 11               |
| Item 5:                                          | Other Information                                                                           | 12               |
| Item 6:                                          | Exhibits                                                                                    | 12               |

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Item 

| Our unaudited financial statements included in this Form 10-Q are as follows: |
|-------------------------------------------------------------------------------|
| F-1                                                                           | Balance Sheets as of  June 30, 2009 (Unaudited) and March 31, 2009; |
| F-2                                                                           | Statements of Operations (unaudited) for the three  months ended June 30, 2009 and 2008, and the period from February 5, 2008 (Inception) to June 30, 2009; |
| F-3                                                                           | Statements of Cash Flows (unaudited) for the three months ended June 30, 2009 and 2008, and the period from February 5, 2008 (Inception) to June 30, 2009; |
| F-5                                                                           | Notes to Unaudited Financial Statements |

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BLUE 

|                                                                                                                                           | June 30, 2009 |        | March 31,2009 |
|------------------------------------------------------------------------------------------------------------------------------------------------|---------------|-------------|---------------|
|                                                                                                                                           | (unaudited)   |        |          |
| ASSETS                                                                                                                                         |          |        |          |
| CURRENT ASSETS                                                                                                                                 |          |        |          |
| Cash and cash equivalents                                                                                                                      | $             | -           |          | $ | 50,695 |
| Accounts receivable                                                                                                                            |          | 19,333      |          |   | 10,907 |
| Prepaid expenses                                                                                                                               |          | 28,401      |          |   | 41,421 |
| Inventory (Note 4)                                                                                                                             |          | 252,250     |          |   | 231,153 |
| Total Current Assets                                                                                                                           |          | 299,984     |          |   | 334,176 |
| PROPERTY AND EQUIPMENT, net                                                                                                                    |          | 6,840,724   |          |   | 6,910,347 |
| OTHER ASSETS                                                                                                                                   |          |        |          |   |   |
| Depository funds (Note 5)                                                                                                                      |          | 8,273,991   |          |   | 8,206,990 |
| Deposits                                                                                                                                       |          | 41,615      |          |   | 65,555 |
|  Total Other Assets                                                                                                                       |          | 8,315,606   |          |   | 8,270,545 |
| TOTAL ASSETS                                                                                                                                   | $             | 15,456,314  |          | $ | 15,517,068 |
|                                                                                                                                           |          |        |          |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                           |          |        |          |   |   |
| CURRENT LIABILITIES                                                                                                                            |          |        |          |   |   |
| Accounts payable and accrued expenses                                                                                                          | $             | 2,107,131   |          | $ | 1,551,653 |
| Bank overdraft                                                                                                                                 |          | 21,900      |          |   | - |
| Notes payable - related parties (Note 6)                                                                                                       |          | 553,119     |          |   | 462,500 |
| Total Current Liabilities                                                                                                                      |          | 2,682,150   |          |   | 2,014,153 |
| LONG-TERM LIABILITIES                                                                                                                          |          |        |          |   |   |
| Notes payable (Note 7)                                                                                                                         |          | 1,049,000   |          |   | 1,049,000 |
| Total Liabilities                                                                                                                              |          | 3,731,150   |          |   | 3,063,153 |
|                                                                                                                                           |          |        |          |   |   |
| STOCKHOLDERS' EQUITY                                                                                                                           |          |        |          |   |   |
| Preferred stock, Series A, $0.001 par value, 10,000,000 shares authorized, -0- shares issued and outstanding                              |          | -           |          |   | - |
| Preferred stock, Series B, $0.001 par value, 5,000,000 shares authorized, -0-  shares issued and outstanding                    |          | -           |          |   | - |
| Preferred stock, Series C, $0.001 par value, 5,000,000 shares authorized, 14,130 shares issued and outstanding (Note 5)                   |          | 14          |          |   | 14 |
| Common stock, $0.001 par value, 100,000,000 shares authorized, 31,632,602 and 32,025,300 shares issued and outstanding, respectively |          | 31,632      |          |   | 32,025 |
| Additional paid-in capital                                                                                                                     |          | 14,835,665  |          |   | 15,052,300 |
| Deficit accumulated during the development stage                                                                                               |          | (3,142,147) |          |   | (2,630,424) |
| Total Stockholders' Equity                                                                                                                     |          | 11,725,164  |          |   | 12,453,915 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                     | $             | 15,456,314  |          | $ | 15,517,068 |

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|                                                      | For the ThreeMonths EndedJune 30, 2009 |       | For the ThreeMonths EndedJune 30, 2008 |   | From Inceptionon February 15,2008 Through June 30, 2009 |
|-----------------------------------------------------------|----------------------------------------|------------|----------------------------------------|--------|---------------------------------------------------------|
|                                                      |                                   |       |                                   |   |                                                    |
| REVENUES                                                  | $                                      | 23,900     |                                   | $      | 10,234                                                  |   | $ | 55,767 |
| COST OF SALES                                             |                                   | 91,193     |                                   |   | 1,343                                                   |   |   | 156,184 |
|                                                      |                                   |       |                                   |   |                                                    |   |   |   |
| Gross Profit (Loss)                                       |                                   | (67,293)   |                                   |   | 8,891                                                   |   |   | (100,417) |
|                                                      |                                   |       |                                   |   |                                                    |   |   |   |
| OPERATING EXPENSES                                        |                                   |       |                                   |   |                                                    |   |   |   |
| General and administrative                                |                                   | 476,532    |                                   |   | 159,215                                                 |   |   | 3,246,599 |
|                                                      |                                   |       |                                   |   |                                                    |   |   |   |
| Total Operating Expenses                                  |                                   | 476,532    |                                   |   | 159,215                                                 |   |   | 3,246,599 |
|                                                      |                                   |       |                                   |   |                                                    |   |   |   |
| LOSS FROM OPERATIONS                                      |                                   | (543,825)  |                                   |   | (150,324)                                               |   |   | (3,347,016) |
|                                                      |                                   |       |                                   |   |                                                    |   |   |   |
| OTHER INCOME (EXPENSES)                                   |                                   |       |                                   |   |                                                    |   |   |   |
| Interest income                                           |                                   | 67,354     |                                   |   | -                                                       |   |   | 292,207 |
| Loss on sale of equipment                                 |                                   | (5,142)    |                                   |   | -                                                       |   |   | (5,142) |
| Interest expense                                          |                                   | (30,110)   |                                   |   | -                                                       |   |   | (82,196) |
|                                                      |                                   |       |                                   |   |                                                    |   |   |   |
| Total Other Income (Expenses)                             |                                   | 32,102     |                                   |   | -                                                       |   |   | 204,869 |
|                                                      |                                   |       |                                   |   |                                                    |   |   |   |
| NET LOSS BEFORE INCOME TAXES                              |                                   | (511,723)  |                                   |   | (150,324)                                               |   |   | (3,142,147) |
|                                                      |                                   |       |                                   |   |                                                    |   |   |   |
| Income taxes                                              |                                   | -          |                                   |   | -                                                       |   |   | - |
|                                                      |                                   |       |                                   |   |                                                    |   |   |   |
| NET LOSS                                                  | $                                      | (511,723)  |                                   | $      | (150,324)                                               |   | $ | (3,142,147) |
|                                                      |                                   |       |                                   |   |                                                    |   |   |   |
| BASIC LOSS PER COMMON SHARE                               | $                                      | (0.02)     |                                   | $      | (0.01)                                                  |   |   |   |
|                                                      |                                   |       |                                   |   |                                                    |   |   |   |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING |                                   | 31,828,952 |                                   |   | 24,559,300                                              |   |   |   |

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|                                                 | For the ThreeMonths EndedJune 30, 2009 |      | For the ThreeMonths EndedJune 30, 2008 |   | From Inceptionon February 5,2008 ThroughJune 30, 2009 |
|------------------------------------------------------|---------------------------------------------|-----------|----------------------------------------|--------|-------------------------------------------------------|
|                                                 |                                        |      |                                   |   |                                                  |
| OPERATING ACTIVITIES                                 |                                        |      |                                   |   |                                                  |
|                                                 |                                        |      |                                   |   |                                                  |
| Net loss                                             | $                                           | (511,723) |                                   | $      | (150,324)                                             |   | $ | (3,142,147) |
| Adjustments to Reconcile Net Loss to Net             |                                        |      |                                   |   |                                                  |   |   |   |
| Cash Used in Operating Activities:                   |                                        |      |                                   |   |                                                  |   |   |   |
| Depreciation expense                                 |                                        | 67,730    |                                   |   | 18,333                                                |   |   | 145,223 |
| Shares issued for services                           |                                        | 65,572    |                                   |   | -                                                     |   |   | 146,322 |
| Loss on sale of equipment                            |                                        | 5,142     |                                   |   | -                                                     |   |   | 5,142 |
| Fair value of warrants granted                       |                                        | -         |                                   |   | -                                                     |   |   | 985,936 |
| Changes in operating assets and liabilities:         |                                        |      |                                   |   |                                                  |   |   |   |
| (Increase) decrease in prepaid expenses and deposits |                                        | 36,960    |                                   |   | (72,941)                                              |   |   | (70,016) |
| (Increase) in accounts receivable                    |                                        | (8,426)   |                                   |   | (1,010)                                               |   |   | (19,333) |
| (Increase) in inventory                              |                                        | (21,097)  |                                   |   | (4,091)                                               |   |   | (252,250) |
| Increase in accounts payable and accrued expenses    |                                        | 272,878   |                                   |   | 12,321                                                |   |   | 907,034 |
|                                                 |                                        |      |                                   |   |                                                  |   |   |   |
| Net Cash Used in Operating Activities                |                                        | (92,964)  |                                   |   | (197,712)                                             |   |   | (1,294,089) |
|                                                 |                                        |      |                                   |   |                                                  |   |   |   |
| INVESTING ACTIVITIES                                 |                                        |      |                                   |   |                                                  |   |   |   |
| Increase in depository funds                         |                                        | (67,001)  |                                   |   | -                                                     |   |   | (8,273,991) |
| Sale of equipment                                    |                                        | 23,500    |                                   |   | -                                                     |   |   | 23,500 |
| Purchase of property and equipment                   |                                        | (26,749)  |                                   |   | (115,320)                                             |   |   | (5,765,589) |
|                                                 |                                        |      |                                   |   |                                                  |   |   |   |
| Net Cash Used in Investing Activities                |                                        | (70,250)  |                                   |   | (115,320)                                             |   |   | (14,016,080) |
|                                                 |                                        |      |                                   |   |                                                  |   |   |   |
| FINANCING ACTIVITIES                                 |                                        |      |                                   |   |                                                  |   |   |   |
|                                                 |                                        |      |                                   |   |                                                  |   |   |   |
| Repayment of notes payable                           |                                        | -         |                                   |   | -                                                     |   |   | (200,000) |
| Increase in bank overdraft                           |                                        | 21,900    |                                   |   | -                                                     |   |   | 21,900 |
| Proceeds from notes payable – related parties  |                                        | 90,619    |                                   |   | -                                                     |   |   | 553,119 |
| Issuance of common shares for cash                   |                                        | -         |                                   |   | -                                                     |   |   | 150 |
| Issuance of preferred shares for cash                |                                        | -         |                                   |   | 440,000                                               |   |   | 14,935,000 |
|                                                 |                                        |      |                                   |   |                                                  |   |   |   |
| Net Cash Provided by Financing Activities            |                                        | 112,519   |                                   |   | 440,000                                               |   |   | 15,310,169 |

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|                                              | For the ThreeMonths EndedJune 30, 2009 |     | For the Three Months EndedJune 30, 2008 |   | From Inceptionon February 5,2008 ThroughJune 30, 2009 |
|---------------------------------------------------|----------------------------------------|----------|-----------------------------------------|--------|-------------------------------------------------------|
|                                              |                                   |     |                                    |   |                                                  |
|                                              |                                   |     |                                    |   |                                                  |
| NET INCREASE IN CASH                              |                                   | (50,695) |                                    |   | 126,968                                               |   |   | - |
| CASH AT BEGINNING OF PERIOD                       |                                   | 50,695   |                                    |   | 15,150                                                |   |   | - |
|                                              |                                   |     |                                    |   |                                                  |   |   |   |
| CASH AT END OF PERIOD                             | $                                      | -        |                                    | $      | 142,118                                               |   | $ | - |
|                                              |                                   |     |                                    |   |                                                  |   |   |   |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION |                                   |     |                                    |   |                                                  |   |
|                                              |                                   |     |                                    |   |                                                  |   |   |   |
| CASH PAID FOR:                                    |                                   |     |                                    |   |                                                  |   |   |   |
|                                              |                                   |     |                                    |   |                                                  |   |   |   |
| Interest                                          | $                                      | 30,110   |                                    | $      | -                                                     |   | $ | 76,288 |
| Income taxes                                      | $                                      | -        |                                    | $      | -                                                     |   | $ | - |
|                                              |                                   |     |                                    |   |                                                  |   |   |   |
| NON CASH FINANCING ACTIVITIES:                    |                                   |     |                                    |   |                                                  |   |   |   |
|                                              |                                   |     |                                    |   |                                                  |   |   |   |
| Property purchased for notes payables             | $                                      | -        |                                    | $      | -                                                     |   | $ | 1,249,000 |

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|       | June 30, 2009 |    | March 31, 2009 |
|-----------------|---------------|---------|----------------|
| Raw materials   | $             | 199,652 |           | $ | 231,153 |
| Finished goods  |          | 52,598  |           |   | - |
| Work in process |          | -       |           |   | - |
| Total           | $             | 252,250 |           | $ | 231,153 |

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| ·   | On March 18, 2009, Datameg Corporation, a Delaware corporation ("Seller") entered into a Stock Purchase Agreement and purchase money promissory note Assignment and Assumption Agreement incident to its proposed sale of its wholly owned subsidiary, American Marketing & Sales, Inc., a Massachusetts corporation. The sale was subject to the consent of amajority of Datameg’s shareholders, which consent was obtained. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Leonard J. Tocci is the representative of the Principal Shareholders (Leonard J. Tocci, Lynel J. Tocci, Leanne J. Whitney, and Linnea J. Clary) who are the former owners of all American Marketing & Sales, Inc.’s and are now owners of the 150,000 Datameg shares in escrow from their sale of American Marketing to Datameg Corporation in December2007. The Principal Shareholders also hold a purchase money note ("Note") secured by all of the assets of American Marketing concerning an election to return the 150,000 Datameg shares in favor of full payment of the purchase money note. As of December 31, 2008, the principal and interest due on the Note is approximately $5.4 Million consisting of a Note face amount of $4 Million and additional loans and accrued interest of approximately $1,418,000. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | The purchase of American Marketing & Sales, Inc. was made pursuant to a Stock Purchase Agreement. The Stock Purchase Agreement contained, among other things, representations and warranties of the aforementioned Parties and covenants of the Companies. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Among other terms, Datameg received 1 million (restricted with piggy-back registration rights) common shares of the Company in exchange for the transfer of American Marketing shares to the Company. Datameg delivered to the Principal Shareholders from escrow 150,000 Datameg common shares in exchange for (1) a complete release of Datameg and its directorsand officers, etc. from further liability upon the Note and otherwise (2) the Principal Shareholders’ written consent to the assumption of the Note by the Company (3) the Company's written assumption of the Note and (4) the Principal Shareholder’s and the Company’s agreement to extend the term of the Note for one year. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | During the term of the extended Note, Mr. Tocci shall have the right to convert the principal and interest then due into Blue Earth (restricted with piggy-back registration rights) common shares at the price of $6 per share. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | For their assumption of the additional loans from American Marketing & Sales, Inc. on the Note, the Company was issued 500,000 unregistered Datameg common shares at the Closing. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The Principal Shareholders released their security interest in NetSymphony Corporation stock and returned the stock certificate to Datameg. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | In consideration of their aforementioned acts and consents, the Company delivered to the Principal Shareholders 400,000 (restricted with piggy-back registration rights) common shares of the Company common shares. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                         | BESMarch 31,2009 |       | AMSDecember 31,2008 |   | CombiningAdjustments |   | Ref    |      | CombinedPro-FormaFinancials |
|----------------------------------------------|------------------|------------|---------------------|--------|----------------------|--------|--------|-----------|-----------------------------|
|                                         |             |       |                |   |                 |   |   |      |                        |
| ASSETS                                       |             |       |                |   |                 |   |   |      |                        |
| CURRENT ASSETS                               |             |       |                |   |                 |   |   |      |                        |
| Cash and cash equivalents                    | $                | 50,695     |                | $      | 379,907              |   |   |      |                        |   | $ | 430,602 |
| Accounts receivable                          |             | 10,907     |                |   | 1,222,648            |   |   |      |                        |   |   | 1,233,555 |
| Loan Receivable                              |             | -          |                |   | 754,175              |   |   |      |                        |   |   | 754,175 |
| Prepaid expenses                             |             | 41,421     |                |   | -                    |   |   |      |                        |   |   | 41,421 |
| Inventory                                    |             | 231,153    |                |   | 284,221              |   |   |      |                        |   |   | 515,374 |
| Total Current Assets                         |             | 334,176    |                |   | 2,640,951            |   |   | -         |                        |   |   |   | 2,975,127 |
|                                         |             |       |                |   |                 |   |   |      |                        |   |   |   |   |
| PROPERTY AND EQUIPMENT, net                  |             | 6,910,347  |                |   | 2,315,372            |   |   | 2,185,629 |                        | 5 |   |   | 11,411,348 |
|                                         |             |       |                |   |                 |   |   |      |                        |   |   |   |   |
| OTHER ASSETS                                 |             |       |                |   |                 |   |   |      |                        |   |   |   |   |
| Depository funds                             |             | 8,206,990  |                |   | -                    |   |   |      |                        |   |   |   | 8,206,990 |
| Investment In Subsidiary                     |             | -          |                |   |                 |   |   | 450,000   |                        | 1 |   |   | - |
|                                         |             |       |                |   |                 |   |   | (450,000) |                        | 2 |   |   | - |
| Investments in available-for-sale securities |             | -          |                |   | -                    |   |   | 2,250,000 |                        | 3 |   |   | 2,250,000 |
| Deposits                                     |             | 65,555     |                |   | -                    |   |   | -         |                        |   |   |   | 65,555 |
| Total Other Assets                           |             | 8,272,545  |                |   | -                    |   |   | 2,250,000 |                        |   |   |   | 10,522,545 |
|                                         |             |       |                |   |                 |   |   |      |                        |   |   |   |   |
| TOTAL ASSETS                                 | $                | 15,517,068 |                | $      | 4,956,323            |   |   | 4,435,629 |                        |   |   | $ | 24,909,020 |
|                                         |             |       |                |   |                 |   |   |      |                        |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY         |             |       |                |   |                 |   |   |      |                        |   |   |   |   |
| CURRENT LIABILITIES                          |             |       |                |   |                 |   |   |      |                        |   |   |   |   |
| Accounts payable and accrued expenses        | $                | 1,551,653  |                | $      | 416,041              |   |   | 360,000   |                        | 6 |   | $ | 2,327,694 |
| Notes payable                                |             | -          |                |   | 69,224               |   |   |      |                        |   |   |   | 69,224 |
| Notes payable - related parties              |             | 462,500    |                |   | -                    |   |   |      |                        |   |   |   | 462,500 |
| Total Current Liabilities                    |             | 2,014,153  |                |   | 485,265              |   |   | 360,000   |                        |   |   |   | 2,859,418 |
|                                         |             |       |                |   |                 |   |   |      |                        |   |   |   |   |
| LONG-TERM LIABILITIES                        |             |       |                |   |                 |   |   |      |                        |   |   |   |   |
| Notes payable                                |             | 1,049,000  |                |   | 209,497              |   |   | 5,090,000 |                        | 6 |   |   | 6,348,497 |
|                                         |             |       |                |   |                 |   |   |      |                        |   |   |   |   |
| Total Current Liabilities                    |             | 3,063,153  |                |   | 694,762              |   |   | 5,450,000 |                        |   |   |   | 9,207,915 |

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|                                                                                                                                               | BESMarch 31, 2009 |        | AMSDecember 31, 2008 |   | CombiningAdjustments |   | Ref    |        | CombinedPro-FormaFinancials |
|----------------------------------------------------------------------------------------------------------------------------------------------------|-------------------|-------------|----------------------|--------|----------------------|--------|--------|-------------|-----------------------------|
|                                                                                                                                               |              |        |                 |   |                 |   |   |        |                        |
| STOCKHOLDERS' EQUITY                                                                                                                               |              |        |                 |   |                 |   |   |        |                        |
|                                                                                                                                               |              |        |                 |   |                 |   |   |        |                        |
| BES Preferred stock, Series A, $0.001 par value, 10,000,000 shares authorized, -0- and 400,000 shares issued and outstanding                  |              | -           |                 |   |                 |   |   |        |                        |   |
| BES Preferred stock, Series B, $0.001 par value, 5,000,000 shares authorized, -0- and 36,500 shares issued and outstanding, respectively |              | -           |                 |   |                 |   |   |        |                        |   |
| BES Preferred stock, Series C, $0.001 par value, 5,000,000 shares authorized, 14,130 and no shares issued and outstanding, respectively  |              | 14          |                 |   |                 |   |   |        |                        |   | 14 |
| BES Common stock, $0.001 par value, 100,000,000 shares authorized, 33,425,300 shares issued and outstanding                                   |              | 32,025      |                 |   |                 |   | 1,000  |        | 1                           |   |   | 33,425 |
|                                                                                                                                               |              |        |                 |   |                 |   | 400    |        | 4                           |   |   |   |
|                                                                                                                                               |              |        |                 |   |                 |   |   |        |                        |   |   |   |
| AMS Common stock, no par value, 5,000 shares authorized and issued                                                                                 |              |        |                 |   | 1,000                |   |   | (1,000)     |                        | 2 |   |   | - |
|                                                                                                                                               |              |        |                 |   |                 |   |   |        |                        |   |   |   | - |
| Additional paid-in capital                                                                                                                         |              | 15,052,300  |                 |   | 998,173              |   |   | 449,000     |                        | 1 |   |   | 16,292,461 |
|                                                                                                                                               |              |        |                 |   |                 |   |   | (998,173)   |                        |  2 |   |   |   |
|                                                                                                                                               |              |        |                 |   |                 |   |   | 3,811,561   |                        |  2 |   |   |   |
|                                                                                                                                               |              |        |                 |   |                 |   |   | 2,250,000   |                        |  3 |   |   |   |
|                                                                                                                                               |              |        |                 |   |                 |   |   | 179,600     |                        |  4 |   |   |   |
|                                                                                                                                               |              |        |                 |   |                 |   |   | (5,450,000) |                        |  6 |   |   |   |
| Deficit accumulated during the development stage (BES) / Retained earnings (AMS)                                                                   |              | (2,630,424) |                 |   | 3,262,388            |   |   | (3,262,388) |                        | 2 |   |   | (624,795) |
|                                                                                                                                               |              |        |                 |   |                 |   |   | (180,000)   |                        | 4 |   |   |   |
|                                                                                                                                               |              |        |                 |   |                 |   |   | 2,185,629   |                        |  5 |   |   |   |
|                                                                                                                                               |              |        |                 |   |                 |   |   |        |                        |   |   |   |   |
| Total Stockholders' Equity                                                                                                                         |              | 12,453,915  |                 |   | 4,261,561            |   |   | (1,014,371) |                        |   |   |   | 15,701,105 |
|                                                                                                                                               |              |        |                 |   |                 |   |   |        |                        |   |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                         | $                 | 15,517,068  |                 |   | 4,956,323            |   |   | 4,435,629   |                        |   |   | $ | 24,909,020 |

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BLUE EARTH SOLUTIONS, INC. 

|                                                 | BESMarch 31, 2009 |        | AMSDecember 31, 2008 |   | CombiningAdjustments |   | Ref    |      | Combined Pro-FormaFinancials |
|------------------------------------------------------|-------------------|-------------|----------------------|--------|----------------------|--------|--------|-----------|------------------------------|
|                                                 |              |        |                 |   |                 |   |   |      |                         |
| REVENUES                                             | $                 | 31,867      |                 | $      | 10,912,794           |   |   |      |                         |   | $ | 10,944,661 |
| COST OF SALES                                        |              | ( 64,991)   |                 |   | (9,412,426)          |   |   |      |                         |   |   | (9,477,417) |
|                                                 |              |        |                 |   |                 |   |   |      |                         |   |   |   |
| Gross Profit (Loss)                                  |              | (33,124)    |                 |   | 1,500,368            |   |   | -         |                         |   |   |   | 1,467,244 |
|                                                 |              |        |                 |   |                 |   |   |      |                         |   |   |   |   |
| OPERATING EXPENSES                                   |              |        |                 |   |                 |   |   |      |                         |   |   |   |   |
| General and administrative                           |              | 2,765,484   |                 |   | 1,047,490            |   |   |      |                         |   |   |   | 3,812,974 |
|                                                 |              |        |                 |   |                 |   |   |      |                         |   |   |   |   |
| NET INCOME (LOSS) FROM OPERATIONS                    |              | (2,798,608) |                 |   | 452,878              |   |   | -         |                         |   |   |   | (2,345,730) |
|                                                 |              |        |                 |   |                 |   |   |      |                         |   |   |   |   |
| OTHER INCOME (EXPENSES)                              |              |        |                 |   |                 |   |   |      |                         |   |   |   |   |
| Gain on acqusition                                   |              | -           |                 |   | -                    |   |   | 2,185,629 |                         | 5 |   |   | 2,185,629 |
| Interest income                                      |              | 224,853     |                 |   | -                    |   |   | -         |                         |   |   |   | 224,853 |
| Interest expense                                     |              | (52,086)    |                 |   | (16,243)             |   |   | -         |                         |   |   |   | (68,329) |
|                                                 |              |        |                 |   |                 |   |   |      |                         |   |   |   |   |
| Total Other Income (Expenses)                        |              | 172,767     |                 |   | (16,243)             |   |   | 2,185,629 |                         |   |   |   | 2,342,153 |
|                                                 |              |        |                 |   |                 |   |   |      |                         |   |   |   |   |
| NET INCOME (LOSS) BEFORE INCOME TAXES                |              | (2,625,841) |                 |   | 436,635              |   |   | 2,185,629 |                         |   |   |   | (3,577) |
|                                                 |              |        |                 |   |                 |   |   |      |                         |   |   |   |   |
| Income taxes                                         |              | -           |                 |   | -                    |   |   | -         |                         |   |   |   | - |
|                                                 |              |        |                 |   |                 |   |   |      |                         |   |   |   |   |
| NET INCOME (LOSS)                                    | $                 | (2,625,841) |                 | $      | 436,635              |   | $      | 2,185,629 |                         |   |   | $ | (3,577) |
|                                                 |              |        |                 |   |                 |   |   |      |                         |   |   |   |   |
| BASIC INCOME (LOSS) PER COMMON SHARE                 | $                 | (.13)       |                 | $      | 143                  |   | $      | (143)     |                         | 7 |   |   |   |
|                                                 |              |        |                 |   |                 |   |   | .13       |                         | 7 |   | $ | (.00) |
|                                                 |              |        |                 |   |                 |   |   |      |                         |   |   |   |   |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING |              | 19,512,650  |                 |   | 5,000                |   |   | (5,000)   |                         | 7 |   |   |   |
|                                                 |              |        |                 |   |                 |   |   | 1,400,000 |                         | 7 |   |   | 20,912,650 |

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| 1   | To record investment in AMS subsidiary purchased by BES for 1,000,000 shares of BES stock at $.45 per share ($450,000 total value). |
|---------------|-------------------------------------------------------------------------------------------------------------------------------------|

| 2   | To eliminate AMS equity accounts and BES’s investment in AMS in consolidation. |
|---------------|--------------------------------------------------------------------------------------|

| 3   | To record investment in Natural Blue Resources, Inc.  BES received 500,000 shares of NBR stock at $4.50 per share for total investment of $2,250,000, in exchange for BES’s assumption of $5,450,000 in loans made by AMS to NBR. |
|---------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4   | To record as a business acquisition cost, the issuance of 400,000 BES shares at $.45 per share ($180,000 total value) to former AMS principal stockholders. |
|---------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5   | To record a write-up on tooling molds to fair market value on the acquisition date, and related depreciation. |
|---------------|---------------------------------------------------------------------------------------------------------------|

| 6   | To record loans assumed by BES that were payable by NBR to AMS (see 3 above). |
|---------------|-------------------------------------------------------------------------------|

| 7   | To eliminate AMS’s earnings per share in consolidation and record 1,400,000 BES shares issued in acqusition. |
|---------------|--------------------------------------------------------------------------------------------------------------------|

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| Item                                             | Average Cost of Opening |
|--------------------------------------------------|-------------------------|
| Building and improvements                        | $                       | 3,069,188 |
|                                             |                    |   |
| Two processing lines                             | $                       | 1,510,000 |
| Equipment, electrical, etc. common to both lines | $                       | 440,000 |
| Material handling equipment                      | $                       | 98,600 |
| Recycling equipment                              | $                       | 25,500 |
| Transportation equipment                         | $                       | 900,000 |
| Miscellaneous maintenance and safety equipment   | $                       | 14,500 |
| Office furniture                                 | $                       | 21,750 |
| Operational and production technology            | $                       | 742,800 |
| Start-up expenses                                | $                       | 416,950 |
|                                             |                    |   |
| Total                                            | $                       | 7,239,288 |

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| a.   | Lynel J. Tocci                                       100, 000 shares |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b.   | Leanne J. Whitney                               100,000 shares |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c.   | Linnea J. Clary                                      100,000 shares |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d.   | John Roncone, Sr                                 20,000 shares |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| e.   | Leonard J. Tocci                                   80,000 shares |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Exhibit Number | Description of Exhibit                                                                                                                                                        |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 31.1           | Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                             |
| 31.2           | Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                             |
| 32.1           | Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |

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|   | Blue Earth Solutions, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| Date:  | August 21, 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   | By:       /s/ Patricia Cohen                                                                             Patricia CohenTitle:    Chief Executive Officer and Director |