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NATIONSBANK, BROWARD ECONOMIC DEVELOPMENT COUNCIL TO HOST 1992 OLYMPIC CONGRESS RECEPTION

 NATIONSBANK, BROWARD ECONOMIC DEVELOPMENT COUNCIL TO HOST
 1992 OLYMPIC CONGRESS RECEPTION
 FT. LAUDERDALE, Fla., Oct. 8 /PRNewswire/ -- NationsBank and the Sports Development Committee of the Broward Economic Development Council will host the Broward County reception for the 1992 Olympic Congress at the International Swimming Hall of Fame tonight.
 The event will be held in conjunction with the City of Ft. Lauderdale and the International Swimming Hall of Fame.
 The Olympic Congress of the United States welcomes athletes who participated in the 1992 Olympic Games in Barcelona and Albertville. It lasts from Oct. 7-11 and is expected to draw more than 1,000 participants. About 700 attended the inaugural Congress in Colorado Springs in 1991.
 The purpose of the Olympic Congress is to advance the Olympic movement and its individual members, to create an annual Olympic focus, to recognize Olympic achievement and to strengthen the U.S. Olympic community network.
 "NationsBank, an official sponsor of the 1992 Olympic Games, is proud to be a part of the 1992 Olympic Congress as well as the sponsor of the International Swimming Hall of Fame," said Gene Taylor, president of NationsBank Florida. "It is an example of our continued commitment to the Olympic Games in the final decade of the 20th century and to the growth of our entire region into the 21st century."
 NationsBank, under a unique and unprecedented partnership formed by the Atlanta Committee for the Olympic Games (ACOG) and the United States Olympic Committee (USOC), is the sole commercial bank partner of the 1996 Centennial Olympic Games. The partnership also ensures that NationsBank will be the only commercial bank sponsor of the U.S. Olympic teams at the Winter Games in Lillehammer, Norway, in 1994. NationsBank announced earlier this year that it will provide a $300 million line of credit to help finance the 1996 Atlanta Games.
 During the reception, Ft. Lauderdale Olympic diving stars will be featured in a synchronized diving exhibition.
 "I'm extremely proud to showcase this facility and its athletes," said Dr. Samuel J. Freas, president of the Hall of Fame. "This is a dream come true through the efforts of the county, the city, the state and its citizens."
 The United States Olympic community has gathered in South Florida this week for expositions by sponsors, licensees, administrators, host cities, manufacturers and service providers.
 A series of presentations and seminars throughout the week provides attendees with information on the business of sports and its impact on the economy. Daily workshops are scheduled for sponsors, event organizers, local organizing committees, print and electronic media, national governing bodies and athletic organizations.
 "As the largest bank in our region -- stretching from Baltimore to Key West to El Paso -- it's only appropriate that NationsBank continues its commitment to the Olympic Games by co-hosting the reception for the 1992 Olympic Congress," Taylor said.
 "To have this many influential people in sports in our area at one time is an opportunity we may not have again for another 20 years," said Joel Gustafson, Sports Development committee chairman.
 NationsBank, the company formed by the merger of NCNB and C&S/Sovran, is the fourth-largest bank in the United States and the third-largest bank in Florida. The merger was officially completed in Florida Oct. 8.
 -0- 10/8/92
 /CONTACT: Sheryl A. McAlister, Media Relations, NationsBank Florida, 305-765-2261/ CO: NationsBank Corporation; Broward Economic Development Council ST: Florida IN: SU:


CM -- CH008 -- 7752 10/08/92 10:29 EDT
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Publication:PR Newswire
Date:Oct 8, 1992
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