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MOBIL AND ICBO ANNOUNCE JOINT MINORITY, WOMEN-OWNED BUSINESS ENTREPRENEUR DEVELOPMENT PROGRAM IN VIRGINIA

 FAIRFAX, Va., Nov. 3 /PRNewswire/ -- Mobil Corporation (NYSE: MOB) and the Interracial Council for Business Opportunity (ICBO) are jointly sponsoring a program to help minority and women-owned businesses in Virginia improve their business and management skills.
 The program is a part of Mobil's continuing national outreach to further the economic development and success of minority and women-owned businesses, improving their abilities to compete for opportunities to sell goods and services to Mobil, other companies, and public agencies.
 ICBO is a non-profit national organization based in New York that provides management and technical assistance at no cost to minority and women-owned businesses.
 Mobil and ICBO have collaborated on the program elsewhere in the U.S. in recent years. This is the first time in Virginia.
 Twenty-five local minority and women-owned businesses will be selected to participate based upon an assessment of individual business skills and overall management capabilities. Selections will be made by Mobil and ICBO with input and recommendations from a number of local minority business associations and public officials. Participation in the program does not guarantee contracts with Mobil or others.
 -0- 11/3/93
 /NOTE TO MEDIA: News media is welcome to attend an announcement luncheon on Thursday, November 4, at the McLean Hilton, Tysons Corner, beginning at noon./
 /CONTACT: John Lord of Mobil, 703-846-2500/
 (MOB)


CO: Mobil Corporation; Interracial Council for Business Opportunity ST: Virginia, New York IN: OIL SU:

PS -- NY048 -- 0084 11/03/93 11:06 EST
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Publication:PR Newswire
Date:Nov 3, 1993
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