Sprint Continues to Demonstrate Support for Minority-Owned Institutions
Posted on: Monday, 26 April 2004, 06:00 CDT
OVERLAND PARK, Kan., April 26 /PRNewswire/ -- Today, Sprint announced that it has deposited an additional $1 million with minority-owned institutions. Sprint deposited $400,000 with Citizens Trust Bank in Atlanta; $100,000 with United Americas Bank, also in Atlanta; and $500,000 with Independence Federal Savings in Washington, D.C.
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This announcement represents another step by Sprint to build upon relationships with minority-owned institutions and further delivers on a commitment that was made by Sprint chairman and chief executive officer Gary Forsee in a speech he gave to Kansas City leaders on March 5.
"Sprint values diversity and will continue to demonstrate its commitment to diversity by working with highly respected institutions such as these," said David Thomas, chief diversity officer at Sprint. "In addition, Sprint has committed to increase its spending with minority suppliers to seven percent of supplier spending, and we're making progress."
Earlier this year, Sprint invested $5 million in the Williams Capital Liquid Asset Fund, a AAA-rated money-market fund managed by Williams Capital Management, LLC, in New York City. Sprint also deposited $1 million with Kansas City-based Douglass National Bank. Additionally, Sprint was recently named to the Top 50 Companies for Diversity list by DiversityInc., ranking 11th overall. To assess diversity success, companies were asked specific questions related to CEO Commitment, Human Capital, Corporate Communications and Supplier Diversity.
About Sprint
Sprint is a global integrated communications provider serving more than 26 million customers in over 100 countries. With approximately 65,000 employees worldwide and over $26 billion in annual revenues in 2003, Sprint is widely recognized for developing, engineering and deploying state-of-the-art network technologies, including the United States' first nationwide all- digital, fiber-optic network and an award-winning Tier 1 Internet backbone. Sprint provides local communications services in 39 states and the District of Columbia and operates the largest 100-percent digital, nationwide PCS wireless network in the United States. For more information, visit http://www.sprint.com/ .
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Sprint
CONTACT: Jackie Bostick of Sprint, +1-913-794-3045,jackie.a.bostick@mail.sprint.com
Web site: http://www.sprint.com/
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