Shee Atika Incorporated Revenue and Competitors

Shee Atik,, Incorporated (SAI) is an urban corporation organized pursuant to the Alaska Native Claims Settlement Act ("ANCSA"). ANCSA, as amended, provides for the selection of 26,030 acres of land by SAI. It receives the surface estate in such land, and the regional corporation, Sealaska Corporation, receives the sub-surface estate. SAI has received conveyance to approximately 23,000 acres of timberland located on Admiralty Island, 3,000 acres at Katlian Bay and approximately 15 acres on Alice Island. One hundred shares of SAI voting common stock were issued pursuant to ANSCA to each Native person enrolled. Under Alaska Statute, shareholders have certain voting rights including an ability to require a corporation to distribute assets in total liquidation of the corporation. Nonvoting common stock is issued to any person who acquires SAI stock and is not a "Native" or "Descendant of a Native" within the meaning of ANSCA.