|Staples Pledges $500,000 To Support Boys & Girls Clubs Through Recycled Paper Sales|
|Staples Celebrates Its 17th Anniversary By Making It Easy To Invest In The Future Of America's Children|
FRAMINGHAM, Mass., May 14, 2003 (BUSINESS WIRE) -- Staples, Inc. (Nasdaq: SPLS) marked the company's 17th anniversary today by announcing a national campaign to raise funds for Boys & Girls Clubs of America (BGCA). Starting May 18, the Staples Foundation for Learning will donate 10 percent of all Staples brand 30-percent recycled copy paper sales, up to $500,000 to BGCA.
"During after school hours in America, approximately 15 million children are at home with no adult care or supervision," said Roxanne Spillett, president, Boys & Girls Clubs of America. "Support from Staples and its customers is critical to ensuring that every child has a safe place to go after school which offers educational opportunities, caring adults and character-building experiences."
A national BGCA sponsor, Staples supports a wide range of educational and after school programs through the Staples Foundation for Learning. Introduced last year, the Foundation provides funding to programs that support job skills and education for all people, with an emphasis on disadvantaged youth.
"In celebration of Staples' 17th anniversary, we are furthering our commitment to the Boys & Girls Clubs and embracing their commitment to make a difference in the lives of children nationwide," said Ron Sargent, president and CEO of Staples, Inc. and president of Staples Foundation for Learning. "As an alumnus of the Boys & Girls Clubs, I can attest to the importance of providing educational opportunities that make it possible for kids to realize their full potential."
The program applies to all purchases of Staples brand 30-percent recycled copy paper in Staples stores and on all delivery orders placed on Staples.com, StaplesLink.com and via catalog. In addition to raising funds for the BGCA, the program promotes Staples brand recycled paper to further create demand for recycled products. As part of its commitment to protecting and preserving natural resources, Staples supports a wide range of environmental initiatives, including the purchase and promotion of recycled content products.
About Boys & Girls Clubs of America
Boys & Girls Clubs of America (www.bgca.org) comprises a national network of more than 3,300 neighborhood-based facilities annually serving some 3.6 million young people, primarily from disadvantaged circumstances. Known as "The Positive Place for Kids," Clubs provide guidance-oriented programs on a daily basis for children 6 - 18 years old, conducted by a full-time professional staff. Key programs emphasize character and leadership development, educational enhancement, career preparation, health and life skills, the arts, and sports, fitness and recreation. National headquarters is located in Atlanta.
About Staples, Inc.
Staples, Inc. is an $11.6 billion retailer of office supplies, business services, furniture and technology to consumers and businesses from home-based businesses to Fortune 500 companies in the United States, Canada, the United Kingdom, France, Italy, Spain, Belgium, Germany, the Netherlands and Portugal. Headquartered outside Boston, Staples invented the office superstore concept and today is the largest operator of office superstores in the world. The company has 58,000 associates serving customers in approximately 1,500 office superstores, mail order catalogs, e-commerce and a contract business. More information about the company is available at http://www.staples.com.
SOURCE: Staples, Inc.
Deborah Hohler, 508/253-8509