Excuse me, Barbados Free Press… Exclusive Cottons of the Caribbean retains all rights to Barbados-grown cotton
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.
The release went on to say that BSC, “through political relationships, industry experience and proprietary investments in the Island of Barbados, has secured the rights to manage the production process through a vertical integration plan encompassing all aspects of growing, harvesting, ginning, spinning, knitting, assembling and selling premier “Genuine Certified West Indian Sea Island Cotton” finished goods.”
An iteration of the release also stated that BSC had secured “all rights to manage” the production of products from the island’s cotton.
He added, “We buy all West Indian Sea Island Cotton grown commercially in Barbados and process that cotton through ginning and other equipment at our plant in Groves St. George.
“We have made efforts to find out whether and where BSC is incorporated. Preliminary searches of the Corporate Affairs and Intellectual Property Office database indicate that BSC has not been registered or incorporated in Barbados under this name. We have had no response from the principal or representative of BSC regarding the specific registration location and office address for BSC.”
Exclusive Cottons of the Caribbean Inc. is a Public/Private collaboration incorporated in Barbados in 2004 comprising a group of cotton growers, local and Caribbean individuals and businesses, and the Ministry of Agriculture. In 2012 the industry generated over US $1 million in foreign exchange to the economy.
“The industry is also on the verge of expansion with over 300 acres to be planted next month to satisfy increased demand from our partners and to have more fabric available for local designers and manufacturers,” Mr. Stevenson said.