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NAT Naturally Advanced Technologies Inc.

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Share Name Share Symbol Market Type
Naturally Advanced Technologies Inc. TSXV:NAT TSX Venture Common Stock
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Naturally Advanced Technologies Names Jay Nalbach Chief Marketing Officer

31/08/2011 1:55pm

PR Newswire (Canada)


Naturally Advanced Technologies Inc. (TSXV:NAT)
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VANCOUVER, BC and PORTLAND, OR, Aug. 31, 2011 /CNW/ -- VANCOUVER, BC and PORTLAND, OR, Aug. 31, 2011 /CNW/ - Naturally Advanced Technologies Inc. (the "Company") (OTCBB: NADVF) (TSXV: NAT) is pleased to announce the appointment of Jay Nalbach as its Chief Marketing Officer, a newly-created position. With more than 16 years in the sports and fashion industries, Nalbach adds deep experience in brand and product marketing as well as go-to-market strategy to the NAT executive team. In this new position, Nalbach will lead all marketing and key partner relationships for the company. "We're very excited to welcome Jay to the team at this critical point in our company history," said Ken Barker, CEO of NAT. "His experience growing business and securing market share for major global brands like adidas, Reebok and Fila will impact the adoption of our CRAiLAR fiber as we move ahead with a focus on large global brand partnerships." Prior to joining NAT, Nalbach served as Brand Director at adidas Group Japan KK, leading the execution of subsidiary brand Reebok's first ever 360-degree product and marketing campaigns in Japan. Before this he was Global Head of Men's Lifestyle Footwear for Reebok International. This came at the critical post-acquisition period of Reebok by adidas. Prior to joining NAT, Nalbach held senior roles with adidas AG, including key work with Reebok, adidas Originals, Foot Locker Europe in footwear, apparel, supply chain and account management. His time with adidas, where he began in 1995, paused briefly for a nearly three-year senior role with Fila International. Nalbach's deep experience has given him remarkable global exposure, having held positions in the U.S., UK, Japan, The Netherlands and working extensively in Italy and Germany. Long-term, NAT intends for this to be a significant asset to its growth plans. "The science behind our CRAiLAR fiber is unlike anything available in the world today," said Nalbach. "From the way the fiber is sustainably grown and processed, to how it is integrated with global brands like Hanes, this represents a massive opportunity in terms of how we live as consumers and how the brands you love enable you to feel better about buying their products." After a significant period of research and development, NAT has signed purchasing or development agreements with HanesBrands, Georgia-Pacific, Levi Strauss and Company, Cintas Corporation and Ashland Inc. since March 2011. 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(r) 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. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/August2011/31/c7437.html p bMedia Contact:/bbr/ Ryan Leverenzbr/ Lew Leverenz Associatesbr/ (415) 999-1418br/ a href="mailto:ryan.leverenz@gmail.com"ryan.leverenz@gmail.com/a /p p bInvestor Contact:/bbr/ Rick Anguillabr/ Guidance Counselbr/ (503) 820-3565br/ a href="http://ir@naturallyadvanced.com"ir@/aa href="mailto:ir@naturallyadvanced.com"naturallyadvanced.com/a /p p bCorporate Officer:/bbr/ Guy Prevostbr/ CFObr/ (866) 436.7869br/ a href="mailto:ir@naturallyadvanced.com"ir@naturallyadvanced.com/a /p

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