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Business Wire Receives the Ruth Weyand Award.

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TULSA, Okla.--(BUSINESS WIRE)--Oct. 4, 2003

One of the biggest mistakes some employers still make is their treating women as second or third tier employees instead of co-workers, thus limiting their potential achievement.

That was the comment made by Lorry I. Lokey, chief executive officer and founder of Business Wire, after he accepted here today the Ruth Weyand Award for Business Wire from the Association for Women in Communications.

The Ruth Weyand Award, named in honor of a labor attorney who worked tirelessly for women's rights in the workplace, was given to Business Wire because of its forward-thinking policies toward women and minorities.

"As far back as the sixties," the BW chairman said, "we at Business Wire have recognized that in the business world women play a pivotal role in the workplace, and if given the opportunity they make contributions to the bottom line just as frequently as men and in certain jobs do even better than men.

"We need contributions from everybody because the variety of attitudes, thinking, personality and creativity helps complement the entire work scene," Lokey observed.

"We have always been a color-blind and gender-blind company," said Lokey in accepting the prestigious award. "It has always been a corporate philosophy of Business Wire to reward people strictly on the basis of their contributions, not their sex, nationality, religion or skin color.

"We have always recognized the contributions made by women and minorities, and we established policies and practices to make it easier for them to thrive at Business Wire."

Sixty percent of Business Wire's workforce is female and they make up 50 percent of senior management. More than 30 percent of the company's workforce is non-white. And all are paid on the same scale as men doing the same jobs.

Women, including the president and chief operating officer of the company, Cathy Baron Tamraz, hold three of the seven board of director's positions. The company has long had innovative programs for working mothers and has a very liberal health and welfare program.

"I almost can see the day when awards like this Weyand one will be vestigial because glass ceilings will have disappeared and we will have no favoritism played because of sex, color, race and religious differences," Lokey concluded.

"We are very proud of this recognition," said Tamraz. "Business Wire has always afforded me the opportunity to grow and advance within the organization."

Previous winners of the Ruth Weyand Award include Discovery Communications, The Seattle Times, SAS Institute, Deloitte & Touche and Working Woman Network.

Business Wire was founded in 1961 by Lokey, 76, veteran journalist and public relations executive. He is a native of Portland, Ore., and a graduate in journalism at Stanford University. He was editor of the Stanford Daily, feature editor in 1946 of Pacific Stars & Stripes, Tokyo, United Press night editor in Portland and reporter for the Longview (Wash.) Daily News.

The company's multi-channel delivery network provides real-time, simultaneous access to key audiences -- the news media, trade publications, institutional and individual investors, business-to-business decision-makers and consumers.

The company electronically disseminates some 1,000 full-text news releases daily to news media, the Internet, online services and databases and global investment community. Business Wire has network access to some 60 international and national news agencies, financial information providers, and Web-based news services throughout North America, Europe, Asia, Latin America, the Middle East and Africa.

Business Wire has 26 U.S. offices plus European offices in Stockholm, Frankfurt, London and Brussels and reciprocal offices in many countries worldwide.

The Association for Women in Communications, founded in 1909 as Theta Sigma Phi, is a non-profit organization of more than 7,500 members that champions the advancement of women across all communications disciplines by recognizing excellence, promoting leadership and positioning its members at the forefront of the evolving communications era. The association has members in more than 100 professional and student chapters around the world and a strong network of independent members.

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Publication:Business Wire
Date:Oct 4, 2003
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