ADC Foundation Donates $100,000 to American Red Cross to Extend Its Support of Southwest China Earthquake Relief.New Gift and Employee Contribution Matching Program Bring Company's Total Support to More than $150,000 MINNEAPOLIS -- Sixth paragraph, third sentence of release should be omitted due to client error. The corrected release reads: ADC (1) See A/D converter. (2) (Apple Display Connector) A peripheral connector from Apple that combines digital video display, USB and power in one cable. FOUNDATION DONATES $100,000 TO AMERICAN RED CROSS American Red Cross: see Red Cross. TO EXTEND ITS SUPPORT OF SOUTHWEST CHINA Southwest China (Chinese: 西南; pinyin: Xinan) is a region of China defined by governmental bureaus that includes the municipality of Chongqing; provinces of Sichuan, Yunnan and Guizhou; and the Tibet Autonomous Region. EARTHQUAKE RELIEF New Gift and Employee Contribution Matching Program Bring Company's Total Support to More than $150,000 ADC (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ADCT ADCT Adaptive Discrete Cosine Transform )(www.adc.com), today announced that the ADC Foundation, the corporate philanthropy organization of ADC Telecommunications ADC Telecommunications (NASDAQ: ADCT) is a communications company located in Eden Prairie, Minnesota, a southwest suburb of Minneapolis. History In 1935, Ralph Allison founded ADC Telecommunications in the basement of his south Minneapolis home, inventing ADC's very , Inc., is donating an additional $100,000 to the American Red Cross International Response Fund to support the recovery from the recent earthquake in the Southwestern Chinese province of Sichuan. This donation follows the ADC Foundation's initial $10,000 contribution to the Red Cross that was made after the initial quake struck the region on May 12. In addition to the direct gifts to the Red Cross, the ADC Foundation has also established a company-wide employee matching gift effort for donations that benefit disaster relief nonprofits aiding in the earthquake response. The ADC Foundation is matching more than $25,000 in employee donations in China and from around the world, with those matched funds being directed to various organizations, including the Red Cross. Furthermore, ADC employees in China recently coordinated a food and clothing drive among the several ADC sites in China, and have offered engineering assistance for the Sichuan region's damaged communications networks. In recognition of the generous response by ADC employees and the significant humanitarian aid Humanitarian aid is material or logistical assistance provided for humanitarian purposes, typically in response to humanitarian crises. The primary objective of humanitarian aid is to save lives, alleviate suffering, and maintain human dignity. needs, the foundation's board of directors approved the additional $100,000 (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) contribution to the Red Cross to further aid local relief efforts in the Sichuan Provence and adjacent areas. To date, the ADC Foundation, the company and its employees have donated more than $150,000 to various charities to assist in recovery efforts for the catastrophe. "The tragic impact on the people affected by the recent earthquake in China cannot be overstated o·ver·state tr.v. o·ver·stat·ed, o·ver·stat·ing, o·ver·states To state in exaggerated terms. See Synonyms at exaggerate. o ," said Robert E. Switz, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. for ADC. "With a desire to make a real difference in the relief and recovery effort, we are proud to build upon our employees' generous donations of time and money with these foundation contributions to the Red Cross and the employee matching gift program." The American Red Cross International Response Fund provides immediate relief and long-term support through supplies, technical assistance and other support to help those in need. The ADC Foundation's donations to the Fund will be directed to the Red Cross Society of China to support its ongoing humanitarian assistance to the China earthquake victims. ADC employs nearly 11,000 individuals worldwide, including more than 1,400 in China. The company has operations across China under the ADC, and Century Man Communication, and LGC LGC Logistics (Contracting) LGC Local Government Commission LGC La Gloria Cubana (cigar) LGC Laboratory of the Government Chemist (UK) names. About The ADC Foundation The ADC Foundation supports employee giving and volunteerism and makes charitable grants in communities in the U.S. and six other countries where ADC does business. Grant-making by the ADC Foundation is strategically aligned with the company's interests by a focus on mathematics and science education, and on information and communications technology assistance for nonprofit organizations. About ADC ADC provides the connections for wireline, wireless, cable, broadcast, and enterprise networks around the world. ADC's innovative network infrastructure equipment and professional services enable high-speed Internet, data, video, and voice services to residential, business and mobile subscribers. ADC (NASDAQ: ADCT) has sales into more than 130 countries. Learn more about ADC at www.adc.com. |
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