VICTORIA, B.C. and PORTLAND, OR, Feb. 7, 2012 /CNW/ - 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
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
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.
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
SOURCE Naturally Advanced Technologies Inc.
For further information:
Naturally Advanced Technologies