Wednesday, August 14, 2013 11:02:11 AM
http://www.barbadosadvocate.com/newsitem.asp?more=business&NewsID=31727
EXCLUSIVE Cottons of the Caribbean Inc. (ECCI), the company responsible for transforming West Indian Sea Island Cotton (WISIC) into a viable industry, has taken issue with inaccurate statements about Barbados’ cotton industry being made in a press release being circulated on Internet news websites and blogs in the United States (US) and Barbados.
ECCI says that the release and iterations of it which appeared in the US before being picked up by local media and blogs state that a Canadian bio-pharmaceutical company called Kyto BioPharma Inc., had recently announced that it was acquiring the outstanding common shares in a company called Barbados Sea Island Cotton Inc. (BSC). The release also stated that a Jonathan Bryant will be named President and Chief Operating Officer and Director of BSC after the share exchange has been completed.
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Chief Executive Officer of ECCI, Adlai Stevenson, says this is inaccurate and that ECCI has never had any business relationship or arrangement with Barbados Sea Island Cotton Inc.
“We are the exclusive and sole legitimate buyer of cotton from farmers in Barbados. BSC has never purchased any lint, yarn, fabric or finished product such as shirts from Exclusive Cottons of the Caribbean Inc.,” Mr. Stevenson emphasised today.
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