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Adobe Commits US$4 Million in Funds, Products and Scholarships to Global Community Partners; Increased Commitment and New Community Partners Drive 2004 Initiatives.


Business Editors/High-Tech Writers

SAN JOSE, Calif.--(BUSINESS WIRE)--June 3, 2004

Adobe Systems Incorporated (Nasdaq:ADBE) today announced a direct financial commitment of more than US$4 million in cash grants, educational scholarships, matching gift funds and product donations to support community organizations around the world. The commitment represents an increase from the US$3.4 million commitment the company made in 2003 to community partners and organizations worldwide.

"As our business continues to grow, so do our community investments," said Bruce Chizen, president and CEO of Adobe. "With the help of new partners, we are continuing to focus on meeting the immediate hunger and housing needs of the communities where our employees live and work. But the key to breaking the cycle of poverty lies in quality education."

A majority of Adobe's community investment cash grants in 2004 are being awarded to public benefit organizations and schools located in Adobe's largest communities: San Jose, Calif., Seattle, Wash. and Ottawa, Canada. In addition, Adobe continues to support UNICEF educational efforts in India and Habitat for Humanity housing projects in the United Kingdom. The bulk of the grant program is managed through a partnership with Community Foundation Silicon Valley with Adobe directly managing its community investments in Canada.

"Despite a tough economic climate, companies like Adobe have continued to help public benefit organizations sustain themselves in meeting the needs of the community," said Peter Hero, president of Community Foundation Silicon Valley. "Our partnership with Adobe helps us to build a stronger local community through investments in both immediate needs and the longer-term health of the region."

About Adobe Community Relations

The goal of Adobe's Community Relations program is to positively impact, strengthen and improve the communities in which Adobe employees live and do business. The community relations program provides cash grants and in-kind contributions, including software products, volunteer support and software training to non-profit organizations and K-12 teachers. Resources are targeted to improve K-12 education and address issues related to poverty, specifically hunger and homelessness.

For more information on Adobe Community Relations programs or for a complete list of Adobe's 2004 community partners, please visit www.adobe.com/aboutadobe/philanthropy.

About Adobe Systems Incorporated

Adobe helps people and businesses communicate better through its world-leading digital imaging, design and document technology platforms for consumers, creative professionals and enterprises. Adobe's revenue in its last fiscal year exceeded $1.2 billion. For more information about Adobe, visit www.adobe.com.

Adobe and the Adobe logo are either registered trademarks or trademarks of Adobe Systems Incorporated in the United States and/or other countries. All other trademarks are the property of their respective owners.

COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jun 3, 2004
Words:440
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