Articles

BBNC Announces Intent to Purchase Katmailand, Inc.

FOR IMMEDIATE RELEASE
April 19, 2016

CONTACT:
Jason Metrokin, President and CEO, This email address is being protected from spambots. You need JavaScript enabled to view it.
Jeffrey Sinz, Sr. Vice President and CIO, This email address is being protected from spambots. You need JavaScript enabled to view it.
(907) 278-3602

 Bristol Bay Native Corporation Announces Intent to Purchase Katmailand, Inc. 

Anchorage, AK – Bristol Bay Native Corporation (BBNC) is pleased to announce our intent to purchase Katmailand, Inc. (Katmailand) and its associated assets and operations located in Anchorage and King Salmon, Alaska, as well as within Katmai National Park. BBNC anticipates acquisitions will be completed on May 31, 2016.

Established by Ray Petersen in 1950, the original “Angler’s Paradise Lodges” offered the finest accommodations within Katmai National Park. Today, Katmailand operates Kulik Lodge, Brooks Lodge, and Grosvenor Lodge, along with their respective National Park Service concessions, and continues to offer the finest accommodations, outstanding sport fishing and world famous bear viewing within Katmai National Park. Under BBNC’s ownership, Katmailand will continue with Sonny Petersen, son of Ray Petersen, at the helm.

“BBNC is very excited about our intent to purchase Katmailand,” said Jason Metrokin, president and chief executive officer of BBNC. “This acquisition aligns with our in-region investment strategy, and the business adds significantly to BBNC’s tourism business line. We look forward to working with Sonny Petersen and exploring the opportunities this investment will bring to Bristol Bay and BBNC shareholders.”

Investing within the Bristol Bay region has been a priority for BBNC over the last several years; this acquisition will further position BBNC as a premier operator within the Bristol Bay and Alaska tourism sector. BBNC acquired Mission Lodge, located on the shores of Lake Aleknagik at the outlet of the Wood River in Bristol Bay, in 2012.

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About BBNC: Bristol Bay Native Corporation is a responsible Alaska Native investment corporation dedicated to the mission of “Enriching Our Native Way of Life.” Established through the Alaska Native Claims Settlement Act of 1971, BBNC works to ensure the continuation of the life and culture of its more than 10,000 shareholders – the Eskimo, Indian, and Aleut Natives of Southwest Alaska’s Bristol Bay region. Learn more at www.bbnc.net.

About Katmailand, Inc.: Katmailand, Inc. was established in 1982 by Ray Petersen and his son, Raymond (Sonny) Petersen in order to acquire and operate the Brooks, Grosvenor and Kulik Lodges in Katmai National Park. The lodge operations were founded by the elder Petersen's airline, Northern Consolidated Airlines (later Wien Air Alaska) in 1950. The airline had operated the lodges until 1982 when they were acquired by the Petersen's Katmailand, Inc. Learn more at www.katmailand.com.

BBDF and Naknek Family Fisheries Partner to Form Wild Side Salmon, LLC

 

For Immediate Release: April 14, 2016

For questions, contact Fund Manager Cameron Poindexter at (907) 265-7836 or This email address is being protected from spambots. You need JavaScript enabled to view it.

BBDF and Naknek Family Fisheries Partner to Form Wild Side Salmon, LLC


The Bristol Bay Development Fund (BBDF), a subsidiary of Bristol Bay Native Corporation, is pleased to announce its fifth investment in a Bristol Bay-based business. BBDF and Naknek Family Fisheries, LLC, based out of Naknek, Alaska, are forming a new 50-50% parntership called Wild Side Salmon, LLC.

Naknek Family Fisheries has been owned and operated by Bristol Bay entrepreneur Izetta Chambers and her family members since 2006. The new business - Wild Side Salmon, LLC - will continue to use the Naknek Family Fisheries brand. BBDF investment dollars will be used to upgrade the existing fish plant facility, build an employee bunkhouse, and provide operational capital.

"This investment is exciting for several reasons," said BBDF Manager, Cameron Poindexter. "Izetta Chambers is a BBNC shareholder and Alaska Native who has shown perseverance and hard work ethic throughout the years prior to our investment for growth. We are excited about the fishermen this business will continue to support, the potential employment opportunities for BBNC shareholders, and the example this business sets for communities and individuals in Bristol Bay. Simply put, this business is a way for people who participate in this world-class fishery to capture more value for the local economy and is an excellent role model."

Naknek Family Fisheries supports six generations of Alaska Native family fishermen and employs up to 15 people during peak processing season, with an emphasis on local and shareholder hire. The company offers a high-quality product line of fresh frozen fillets, smoked retort packaged salmon, frozen H&G, and 100 percent wild smoked Bristol Bay sockeye salmon. All products are processed by hand and treated delicately from the process they use to catch the fish, to how the fish are handled in the manufacturing facility.

"It is extremely validating to have the support and expertise of BBDF and their amazing staff! For me, as a BBNC shareholder, it feels really good to be a part of BBDF's investment mix - the first fish processing investment it's made in the region."

As a part of its role as an investor and equity partner in the newly formed Wild Side Salmon, LLC, BBDF will be providing the tools, expert guidance, and support necessary for success. Izetta Chambers will continue managing the day-to-day operations of the business.

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The Bristol Bay Development Fund launched in October 2014 and exists to be a catalyst for business growth and startups in the Bristol Bay region. The fund has a goal to invest $5 million within four years in businesses that participate in fisheries, transportation, agriculture, health and wellness, and energy. To date the fund has committed $925,000 for investment. The Bristol Bay Development Fund is a wholly owned subsidiary of Bristol Bay Native Corporation. Learn more about the fund at www.bbdf.net.

2016 BBNC Board Application Deadline: April 15

Are you a qualified shareholder who wants to serve your corporation as a member of the BBNC Board of Directors? Four director seats on the 12-member board will be filled for a three-year term by election at the October 1, 2016 Annual Meeting of Shareholders.

To apply, you must submit:

  • Letter of interest
  • Three letters of reference (two professional, one personal [no relatives])
  • Resume
  • Candidate questionnaire (request by emailing This email address is being protected from spambots. You need JavaScript enabled to view it. or calling the SCR department at (800) 426-3602)

Completed applications must be submitted to:

Bristol Bay Native Corporation
Nominating Committee
111 West 16th Avenue, Suite 400
Anchorage, AK 99501

Selected applicants are interviewed by the Nominating Committee, which then makes its recommendation for the board slate of candidates to the full BBNC Board.

Completed applications must be received by 5:00 p.m. on Friday, April 15, 2016, to be considered.

Please call BBNC at (907) 278-3602 or (800) 426-3602 for questions or more information.

Mitch Seavey wins the BBNC Fish First Award

Iditarod musher Mitch Seavey received the Bristol Bay Native Corporation Fish First Award as the first to reach the Kaltag checkpoint in the 2016 Iditarod Trail Sled Dog Race.

Seavey arrived in Kaltag at approximately 7:30 a.m. on Saturday, March 12, with 13 dogs. BBNC Sr. Vice President and Chief Operating Officer Scott Torrison presented the Fish First Award: 25 pounds of Bristol Bay salmon filets and $2,000.

"On behalf of BBNC, I'd like to congratulate Mitch Seavey. We hope he will enjoy the taste of fresh Bristol Bay salmon this summer," said Jason Metrokin, BBNC President and Chief Executive Officer. "BBNC is proud to support this Alaskan tradition, and we are excited to present an award that supports our Fish First value."

Bristol Bay is home to the world's largest wild sockeye salmon fishery. BBNC has endorsed a Fish First policy for land and resource management in Bristol Bay. In all land management and resource development decisions, adequate protections for fish and fish habitat will always be a priority.

The Bristol Bay Native Corporation Fish First Award will be re-presented to Mitch Seavey in Nome during the Iditarod Awards Banquet at the Nome Recreation Center.

2016 Bristol Bay River Academy

The Bristol Bay River Academy is now accepting applications from BBNC shareholders, descendants and Bristol Bay residents between the ages of 14-24.

Young adults with interest in learning how to fly fish and exploring a career as a sportfishing guide in Bristol Bay will be given priority placement in the program being held June 10-17, 2016 at Mission Lodge in Aleknagik.

Find out more information about the program and how to apply at bristolbayriveracademy.org.

The application deadline is March 15, 2016.