VANCOUVER, Nov. 16 /CNW/ - Nisga'a Knit & Apparel Corp. announced today
that it has purchased 29% of the shares of Kootenay Knitting Company Ltd. This
historic business relationship is consistent with the Province of British
Columbia's high priority to improve the economic conditions of Aboriginal
Nelson Leeson, President of the Nisga'a Lisims Government said that "we
look forward to working with Kootenay Knitting in the creation of authentic
and exciting products that will be proudly displayed on the world stage."
Willard Martin, Chief Counsel of the Nisga'a Village of Greenville, said
that, "this economic venture will provide a welcome opportunity to engage the
Government of British Columbia under its New Relationship Facility to support
First Nations business and employment development. This is also a great
opportunity for our people to become actively involved in the designing and
manufacturing of high quality sweaters, hats and other apparel."
"As an official licensee for the Vancouver 2010 Olympic and Paralympic
Winter Games, we were inspired by VANOC's commitment to unprecedented
aboriginal participation," said Cathy Rella, founder of Kootenay Knitting. "In
many ways, VANOC's goals helped lead us to this partnership with the Nisga'a."
"This relationship embodies the spirit of the Olympics perfectly," says
Colin Hansen, B.C.'s Minister of Economic Development and Minister Responsible
for the Asia-Pacific Initiative and the Olympics. "This partnership is truly
exciting. This alliance between small business and the First Nations community
will have positive effects for years to come."
Under the business arrangement, Nisga'a Knit & Apparel Corp. may purchase
up to 100% of the shares of Kootenay Knitting.
"Currently, there is increasing consumer demand for 100% authentic
Canadian made products," continued Rella. "Our partnership with Nisga'a Knit &
Apparel Corp. will strengthen our brand by including beautiful and distinctive
Ron Stickley, President of Kootenay Knitting said, "it has been our focus
for the past year to build on Kootenay Knitting's 'local hero' status. Being
able to integrate Nisga'a designs into our product lines will greatly enhance
our Canadian made 'True North' collections."
Stickley further said, "the Nisga'a investment will also allow Kootenay
Knitting to upgrade its knitting capabilities. With our Stoll technology, we
will have a fully integrated design and production system between Cranbrook
and the Nass Valley, which has been the home of the Nisga'a for thousands of
For further information:
For further information: Ron Stickley, Cell: (403) 861-0039,
email@example.com; Allan Rella, Cell: (250) 417-9541, firstname.lastname@example.org