VICTORIA, B.C. and PORTLAND, OR, Feb. 7,
2012 /PRNewswire/ - Naturally Advanced Technologies Inc.
(NAT) (OTCBB: NADVF) (TSXV: NAT), which produces and markets
CRAiLAR® natural fibers, announced today the appointment of
Scott Staff, 46, as a new member of
its Board of Directors, bringing the total membership of the Board
to nine.
Mr. Staff serves as the Director of Business
Development for Perkins Coie, an international law firm with 18
offices and more than 800 lawyers. He leads the firm's business
development strategy, and oversees its client service interview,
client service and industry teams programs. Mr. Staff joined
Perkins Coie in 2004 and currently
works out of the Seattle
office.
Mr. Staff is on the boards of advisors of DNA Response Inc. and
Rouxbe Video Technologies. He regularly volunteers in youth sports
and education as both a fundraiser and coach.
Mr. Staff earned his BA from Lewis and Clark College in 1987 and
graduated from Lewis and Clark Law School in 1991. He served in
senior administrative positions at the law school after graduation,
including assistant dean for development and external
relations. In 1997, Mr. Staff was appointed vice-president for
college relations for Lewis and Clark
College.
"Scott is a uniquely talented individual who has the
intelligence and passion to make a lasting impact upon the people
and companies he interacts with, so he will fit right in," said
Ken Barker, CEO of NAT. "We are
excited about what his professional and personal experience brings
to our Board as we move toward commercialization of CRAiLAR Flax
fiber through some of the world's largest brands."
"I am honored to be appointed to the NAT Board of Directors. I
have known Ken Barker for several
years and am impressed with his vision for NAT and the quality team
he has assembled to execute that vision. NAT is poised to
commercialize its technology in several exciting ways."
At the time of his appointment, Mr. Staff was issued 25,000
options in the company at OTCBB $1.91.
About Naturally Advanced Technologies Inc.
Naturally Advanced Technologies Inc. develops renewable and
environmentally sustainable biomass resources from flax, hemp and
other bast fibers. The Company, through its wholly owned
subsidiary, CRAiLAR® Fiber Technologies Inc., has developed
proprietary technologies for production of bast fibers, cellulose
pulp, and their resulting by-products in collaboration with
Canada's National Research Council. CRAiLAR technology
offers cost-effective and environmentally sustainable processing
and production of natural, bast fibers resulting in increased
performance characteristics for use in textile, industrial, energy,
medical and composite material applications. The Company was
founded in 1998 as a provider of environmentally friendly, socially
responsible clothing. For more information, visit
www.naturallyadvanced.com.
Neither the TSX Venture Exchange Inc. nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking Statement Disclaimer
This news release includes certain statements that may be deemed
"forward-looking statements". All statements in this news release,
other than statements of historical facts, are forward-looking
statements. Forward-looking statements or information are subject
to a variety of risks and uncertainties which could cause actual
events or results to differ from those reflected in the
forward-looking statements or information and including, without
limitation, risks and uncertainties relating to: any market
interruptions that may delay the trading of the Company's shares,
technological and operational challenges, needs for additional
capital, changes in consumer preferences, market acceptance and
technological changes, dependence on manufacturing and material
supplies providers, international operations, competition,
regulatory restrictions and the loss of key employees. In addition,
the Company's business and operations are subject to the risks set
forth in the Company's most recent Form 10-K, Form 10-Q and other
SEC filings which are available through EDGAR at
www.sec.gov. These are among the primary risks we foresee
at the present time. The Company assumes no obligation to update
the forward-looking statements.
SOURCE Naturally Advanced Technologies Inc.
Image with caption: "Scott Staff,
Director of Business Development for Perkins Coie, appointed a director of Naturally
Advanced Technologies (CNW Group/Naturally Advanced Technologies
Inc.)". Image available at:
http://photos.newswire.ca/images/download/20120207_C9958_PHOTO_EN_9734.jpg