Industry Press Release

North American Ski Training Center Will Continue to Support Chile in Aftermath of Earthquake

06/08/2010

Truckee, CA (June 7, 2010) — The North American Ski Training Center (NASTC) is one of the few small businesses that has decided to continue its Chilean operations in the aftermath of the 8.8 magnitude earthquake that struck Chile earlier this year. The earthquake caused tremendous destruction throughout much of central Chile. Many of the smaller towns and rural villages suffered the most damage. What Chile needs is the continued support and investment of foreign enterprises as it attempts to pick up its feet after the massive destruction caused by earthquake. NASTC runs a weeklong ski training camp in Chile’s famous resort, Portillo, every summer. “We are happy to provide our support to a country that we consider our second home and that has welcomed us year after year,” said Jenny Fellows, Co-director of NASTC. NASTC will bring about 30 people to Portillo, Chile, August 13-22 to participate in a week long ski training camp with PSIA (Professional Ski Instructors of America) National Demonstration Team members. The camp is traditionally followed by an extended stay in Santiago, Chile’s metropolitan center. In addition to the camp, NASTC will be donating much needed winter jackets and blankets to help Chileans whose homes and possessions were destroyed. The NASTC camp brings much needed tourism dollars and confidence to the distraught South American nation. It has been widely accepted that tourism helps the economy of a state by creating jobs and sales in the food, recreation and retail sectors. Tourism is also a source of hard currency which is essential for a country like Chile that is trying to re-build itself and maintain growth within its economy. Hard currency is necessary for the purchase of foreign goods and services. The confidence that a small business like NASTC shows has a multiplying effect on an international scale and can encourage other and bigger businesses to continue to invest in the country.