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NANA Development Corporation and Evergreen Films Announce Strategic Partnership

New business partnership to accelerate growth of Alaska film industry

Anchorage, AK, September 13, 2010 - NANA Development Corporation (NDC) and Evergreen Films announced a strategic partnership agreement today at the Anchorage Chamber of Commerce meeting.  The investment positions NANA at the forefront of this emerging economic opportunity in Alaska and allows Evergreen Films to invest further in locally produced film and television projects.

"Our goal is to deliver significant benefits to our shareholders from this investment," said Helvi Sandvik, President of NANA Development Corporation. "We are excited about being involved on the front end of the development of a new industry in Alaska. Alaska's new film production incentive program is already generating interest and attracting new film industry activity to the state. This is good for NANA and Evergreen but will also create jobs and economic growth in Alaska. It is so important for our state's future to strengthen our economy through the creation of new opportunities."

Evergreen Films CEO Mike Devlin agrees. "Our long term goal is to build an industry that is larger than British Columbia's," Devlin said pointing to recent figures that indicate the film and television production industry spent $1.2 billion in British Columbia in 2008 and supported 20,000 jobs. "Now, with NANA's global reach, deep talent pool and Alaska expertise, we believe we can achieve that goal within 10 years," said Devlin.

NANA Development Corporation is the business arm of NANA Regional Corporation, one of Alaska's 13 Regional Native Corporations. NANA represents more than 12,000 Iñupiat shareholders from northwest Alaska. NDC employs more than 9,000 people around the world in industries including mining, oil and gas, engineering and construction, facilities management and logistics. 

Evergreen Films is a premiere independent film production studio headquartered in Anchorage. The company has invested more than $10 million in Alaska developing a complete 3D production and post-production studio based on the most advanced technologies from the film, gaming and IT industries. It also has a production facility in Los Angeles.

The NDC/Evergreen Films partnership is the most recent in a series of developments for Evergreen Films. In June, Evergreen announced a major new partnership with BBC Earth to produce a 3D dinosaur feature film promising to immerse audiences in the prehistoric age. The film is the launching point for an ongoing collaboration between BBC Worldwide and Evergreen Films. Last fall, Evergreen announced a deal with Alaska mystery writer Dana Stabenow to produce a television series based on Kate Shugak, a character from Stabenow's novels. The series is currently in development to be produced in Alaska for a global television audience.

The partnership between NDC and Evergreen Films brings together the strength of deep industry knowledge, a strong business portfolio and deep rooted understanding of Alaska.

For more information: http://www.nana-dev.com

For more information on Evergreen Films visit http://www.evergreenfilms.com

NANA Development Corporation Evergreen FAQ

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