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THE HOME DEPOT TO PARTNER WITH OLYMPICS AND THE U.S. OLYMPIC TEAM; 35,000 EMPLOYEES CHEER DURING CLOSED-CIRCUIT TELECAST AT SUNRISE

 THE HOME DEPOT TO PARTNER WITH OLYMPICS AND THE U.S. OLYMPIC TEAM;
 35,000 EMPLOYEES CHEER DURING CLOSED-CIRCUIT TELECAST AT SUNRISE
 ATLANTA, Aug. 23 /PRNewswire/ -- During a rousing early morning meeting via a live closed-circuit television broadcast to 35,000 cheering employees, The Home Depot's co-founders, Bernard Marcus, chairman and CEO, and Arthur M. Blank, president and COO, announced Home Depot's partnership with the 1996 Centennial Olympic Games and the U.S. Olympic Team.
 The Home Depot (NYSE: HD) thus becomes the first American retailer to become a top tier sponsor of both the U.S. Olympic Team and the 1996 Olympic Games.
 Joining Marcus and Blank in making the announcement were Billy Payne, president and CEO of the Atlanta Committee for the Olympic Games (ACOG); Andrew Young and Robert M. Holder Jr., ACOG co-chairmen; A.D. Frazier, senior executive vice president and COO of ACOG; Atlanta Mayor Maynard Jackson; and Michael Lomax, chairman of the Fulton County Commission.
 "Our involvement with the Olympic Movement marks a new era for our company," said Blank. "In just 14 years, we've taken an entrepreneurial philosophy, a revolutionary retailing concept, and a progressive corporate culture and grown to become the world's largest home improvement retailer and one of America's largest and most successful corporations.
 "By providing the skills, the confidence and low-cost, high-quality home improvement products, The Home Depot has made better housing more affordable and accessible to millions of Americans and has thus enabled them to build their own version of the American Dream. It is in that same spirit that we want to help thousands of athletes make their Olympic dreams come true."
 Marcus noted that "if it were not for the overwhelming and enthusiastic support that Atlanta provided to Home Depot when it opened its first three stores here in 1979, none of our spectacular national success would have ever been possible. We owe a lot to this wonderful city and we feel a responsibility and privilege to do our part in making the 1996 Atlanta Centennial Olympic Games the best Olympics in history.
 "The desire to be the very best, to reward and encourage teamwork, individual initiative and perseverance and to extend a helping hand to all are the foundation of Home Depot's culture. These values are identical to the ideals of the Olympic Movement. On behalf of our employees, customers, suppliers, shareholders and our hometown in Atlanta, we are proud to be able to support the Olympic Movement in such a fundamental way."
 In essence, The Home Depot has signed a letter of intent to become a member of Centennial Olympic Games Partners, the primary national sponsorship program for the new Olympic quadrennium. The partnership includes official sponsorships of the 1994 Winter Olympics in Lillehammer, Norway; the 1996 Centennial Olympic Games in Atlanta; the U.S. Olympic Teams competing in Lillehammer and Atlanta; the U.S. Teams to the 1995 Pan American Games and World University Games; and the United States Olympic Committee.
 Payne noted the similarities between Atlanta's quest to join the Olympic Movement and host the Centennial Games and Home Depot's success. "The Games are returning to the United States because of the selfless work of thousands of people who believe that by working together, we can improve our lives and those of the people around us," Payne said. "And that same ethic of a large and diverse group of people working toward a common and worthy purpose is Home Depot's defining attribute."
 In conjunction with Home Depot's Centennial Games partnership, a select group of the company's key suppliers will become members of "The Home Depot Olympic Family." Although not recognized as Olympic Games sponsors, these suppliers will participate in certain Home Depot promotional activities. The company expects to announce the members of the "Family" in approximately 60 days.
 "We're dedicated to making the next four years exciting and rewarding for everyone connected to Home Depot," said Blank. "In many respects, we too are training for 1996. Today we have nearly 200 stores in 17 states, but by the time the Centennial Olympics come to Atlanta, we expect to have more than 500 stores in approximately 35 states and be accessible to 75 percent of America's homes and families."
 The 6:30 a.m. (EDT) Sunday announcement came during the live quarterly satellite television-based meeting of all Home Depot employees -- known within the company as "Breakfast with Bernie and Arthur."
 -0- 8/23/92
 /CONTACT: Lonnie Fogel, 404-431-2666 or, after hours, 404-875-7316, or Jerry Shields, 404-431-2741 or, after hours, 404-325-6912, both of The Home Depot; or Bob Brennan of the Atlanta Committee for the Olympic Games, 404-224-1932 or, after hours, 404-874-0885/
 (HD) CO: The Home Depot, Inc.; Atlanta Committee for the Olympic Games ST: Georgia IN: REA SU:


EA-BN -- ATSU002 -- 2391 08/23/92 09:15 EDT
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Date:Aug 23, 1992
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