Nike Canada had become an official supplier for the 2010 Vancouver Winter Olympic Games, the Games' official website said Monday.

The company will supply the organizing committee with sporting goods as well as cash. The company will have the right to market and brand some of its products as official Olympic items.

Without them, the committee is facing a 27 million U.S. dollars hole in its budget, creating major pressure on its 1.6 billion dollars bottom line.

(Xinhua News Agency August 18, 2009)