Hemptown Announces Name Change to Naturally Advanced Technologies

- Company Also Announces Formation of Two New Subsidiaries -



Mar 23, 2006, 00:00 ET from Hemptown Clothing Inc.

    VANCOUVER, March 23 /PRNewswire-FirstCall/ - Hemptown Clothing Inc.,
 (NADVF: OTCBB) a leading provider of sustainable, environmentally-friendly
 fibers and fabrics, today announced the formation of two new subsidiaries and
 change in the company's name to Naturally Advanced Technologies Inc.
     The two new subsidiaries are CRAILAR(TM) Fiber Technologies Inc. and
 Hemptown Clothing and both will operate under the parent company, Naturally
 Advanced Technologies. CRAILAR Fiber Technologies was formed to produce
 high-tech, high-strength natural fiber for the textile and composite industry.
 Hemptown Clothing, the company's legacy business, is a leader in the
 production of eco-friendly fiber garments for the sportswear industry with its
 HT Naturals division.
     "Our name change to Naturally Advanced Technologies and the addition of
 the two new subsidiaries reflects our strategic decision to focus on the
 development and commercialization of CRAILAR," stated Jerry Kroll, CEO.
 "CRAILAR is a new biotech enzyme process we have developed in collaboration
 with the Canadian Government National Research Council and the Alberta
 Research Council, which has the potential to significantly change the
 production of textile bast fibers such as hemp, bamboo and flax and to replace
 composite fibers, including glass. As such, CRAILAR expands our target markets
 beyond our traditional served market of hemp blend fabrics into industries
 such as apparel, medical and hospitality textiles, and auto, marine and
 airplane parts. Naturally Advanced Technologies represent the next step in the
 evolution of our company and our energies are now focused on capitalizing on
 the significant growth opportunity CRAILAR presents."
     The OTCBB has issued a new trading symbol for Naturally Advanced
 Technologies' common stock, effective at the open of the market today. The
 company's website can now be located at www.naturallyadvanced.com.
 
     About Naturally Advanced Technologies Inc.
     Naturally Advanced Technologies Inc. (NAT, OTCBB: NADVF), formerly
 Hemptown Clothing Inc., is a leading provider of sustainable,
 environmentally-friendly fibers and fabrics. Naturally Advanced Technologies
 is in the process of developing and patenting a revolutionary biotech enzyme
 fiber process named CRAILAR in collaboration with Canada's National Research
 Council and Alberta Research Council. CRAILAR is expected to enable the
 cost-effective production of these quality and conservation-based textiles and
 composites; therefore, management believes CRAILAR will significantly change
 production of fibers and composites. The company intends to license CRAILAR to
 partners in many industries including apparel; medical and hospitality
 textiles; upholstery; diversified industrials; and auto, marine and airplane
 parts. NAT was founded in 1995 in response to the growing demand for
 environmentally friendly, socially responsible clothing. In its ten year
 history, NAT has shipped more than 500,000 garments reducing chemical use by
 86,634 pounds and saving 452,232,264 gallons of fresh water. NAT respects
 human rights of employees, the environmental impact of the company's
 operations and fiscal responsibility to its shareholders.
 
     Safe Harbor Statement
     This release may contain forward-looking statements within the meaning of
 Section 27A of the Securities Act of 1933, Section 21E of the Exchange Act of
 1934 and the provisions of the Private Securities Litigation Reform Act of
 1995 and is subject to safe harbor created by these sections. Actual results
 may differ materially due to a number of risks, including, but not limited to,
 technological and operational challenges, needs for additional capital,
 changes in consumer preferences, risks associated with: market acceptance and
 technological changes; dependence on manufacturing and material supplies
 providers; international operations; and competition.
 
     Contact
     For further information please contact Investor Relations, Kirsten
     Chapman or Moriah Shilton, both of Lippert/Heilshorn & Associates,
     ir@hemptown.com, +1-415-433-3777.
 
     For more details on the NRC enzyme process, see:
     http://hemptown.com/sites/hemptown/files/NRCArticle.pdf
 
 
 

SOURCE Hemptown Clothing Inc.
    VANCOUVER, March 23 /PRNewswire-FirstCall/ - Hemptown Clothing Inc.,
 (NADVF: OTCBB) a leading provider of sustainable, environmentally-friendly
 fibers and fabrics, today announced the formation of two new subsidiaries and
 change in the company's name to Naturally Advanced Technologies Inc.
     The two new subsidiaries are CRAILAR(TM) Fiber Technologies Inc. and
 Hemptown Clothing and both will operate under the parent company, Naturally
 Advanced Technologies. CRAILAR Fiber Technologies was formed to produce
 high-tech, high-strength natural fiber for the textile and composite industry.
 Hemptown Clothing, the company's legacy business, is a leader in the
 production of eco-friendly fiber garments for the sportswear industry with its
 HT Naturals division.
     "Our name change to Naturally Advanced Technologies and the addition of
 the two new subsidiaries reflects our strategic decision to focus on the
 development and commercialization of CRAILAR," stated Jerry Kroll, CEO.
 "CRAILAR is a new biotech enzyme process we have developed in collaboration
 with the Canadian Government National Research Council and the Alberta
 Research Council, which has the potential to significantly change the
 production of textile bast fibers such as hemp, bamboo and flax and to replace
 composite fibers, including glass. As such, CRAILAR expands our target markets
 beyond our traditional served market of hemp blend fabrics into industries
 such as apparel, medical and hospitality textiles, and auto, marine and
 airplane parts. Naturally Advanced Technologies represent the next step in the
 evolution of our company and our energies are now focused on capitalizing on
 the significant growth opportunity CRAILAR presents."
     The OTCBB has issued a new trading symbol for Naturally Advanced
 Technologies' common stock, effective at the open of the market today. The
 company's website can now be located at www.naturallyadvanced.com.
 
     About Naturally Advanced Technologies Inc.
     Naturally Advanced Technologies Inc. (NAT, OTCBB: NADVF), formerly
 Hemptown Clothing Inc., is a leading provider of sustainable,
 environmentally-friendly fibers and fabrics. Naturally Advanced Technologies
 is in the process of developing and patenting a revolutionary biotech enzyme
 fiber process named CRAILAR in collaboration with Canada's National Research
 Council and Alberta Research Council. CRAILAR is expected to enable the
 cost-effective production of these quality and conservation-based textiles and
 composites; therefore, management believes CRAILAR will significantly change
 production of fibers and composites. The company intends to license CRAILAR to
 partners in many industries including apparel; medical and hospitality
 textiles; upholstery; diversified industrials; and auto, marine and airplane
 parts. NAT was founded in 1995 in response to the growing demand for
 environmentally friendly, socially responsible clothing. In its ten year
 history, NAT has shipped more than 500,000 garments reducing chemical use by
 86,634 pounds and saving 452,232,264 gallons of fresh water. NAT respects
 human rights of employees, the environmental impact of the company's
 operations and fiscal responsibility to its shareholders.
 
     Safe Harbor Statement
     This release may contain forward-looking statements within the meaning of
 Section 27A of the Securities Act of 1933, Section 21E of the Exchange Act of
 1934 and the provisions of the Private Securities Litigation Reform Act of
 1995 and is subject to safe harbor created by these sections. Actual results
 may differ materially due to a number of risks, including, but not limited to,
 technological and operational challenges, needs for additional capital,
 changes in consumer preferences, risks associated with: market acceptance and
 technological changes; dependence on manufacturing and material supplies
 providers; international operations; and competition.
 
     Contact
     For further information please contact Investor Relations, Kirsten
     Chapman or Moriah Shilton, both of Lippert/Heilshorn & Associates,
     ir@hemptown.com, +1-415-433-3777.
 
     For more details on the NRC enzyme process, see:
     http://hemptown.com/sites/hemptown/files/NRCArticle.pdf
 
 
 SOURCE  Hemptown Clothing Inc.