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NEWS RELEASE
For Immediate Release:
August 31, 2009
JUNIOR ACHIEVEMENT ANNOUNCES
RUSSIA WINNER OF
2009 HP GLOBAL BUSINESS CHALLENGE
Contest encourages students to apply
entrepreneurial thinking.
Colorado Springs, Colo. — JA Worldwide® (Junior
Achievement) today announced Team Topol-M from Russia as the winner of the HP
Global Business Challenge, a worldwide competition designed to increase
students' business knowledge and skills.
JA Worldwide and HP hosted 16 students representing eight countries in São
Paulo, Brazil, as the two-member teams competed on the financial field of battle
in the final round of competition. Team Topol-M emerged victorious, receiving
first-place honors and a cash prize of US $3,000. Second place, and a US $2,000
prize, went to Team 4 Life from Kazakhstan, with Team Phi from China placing
third and receiving US $1,000. Fourth place and US $500 went to Team Intell,
also from Russia; Team Adna from Azerbaijan rounded out the top five and
received a US $250 prize.
Registration for the international competition began in October 2008, drawing
300 teams and nearly 1,000 student-competitors from Argentina, Armenia,
Azerbaijan, Bolivia, Brazil, Bulgaria, Canada, Cayman Islands, China, Costa
Rica, Denmark, Ecuador, Georgia, Guatemala, Hong Kong, India, Indonesia,
Kazakhstan, Lithuania, Mexico, Moldova, Paraguay, Peru, Poland, Romania, Russia,
Singapore, Turkmenistan and the United States. After two elimination rounds
fueled by the entrepreneurial spirit, eight teams emerged as finalists to
compete in the last round of face-to-face competition to win the title of "JA
Titan of Industry."
The 2009 HP Global Business Challenge is based on JA Titan®,
Junior Achievement's online simulation program that allows teams of high school
students to act as chief executive officers of virtual manufacturing companies.
The teams are prompted to make decisions that affect the profitability and
sustainability of their virtual companies as they attempt to outperform their
competitors in profit, sales and market share. By exercising critical economic
and managerial decision-making, students get firsthand experience in the
challenges of operating a successful global enterprise.
"The HP Global Business Challenge requires innovative thinking. It is JA's
most intense competition, and participants must demonstrate solid
entrepreneurial skills and financial knowledge," said Sean C. Rush, president
and chief executive officer, JA Worldwide. "Through the HPGBC, Junior
Achievement empowers young entrepreneurs to reach high levels of work readiness,
social responsibility and technological expertise."
"We have worked together with Junior Achievement for 14 years to host the HP
Global Business Challenge, and we remain enthusiastic about the competition's
positive impact," said Yvonne Hunt, director, Global Social Investment, HP. "HP
recognizes the value and potential of partnering with Junior Achievement to
encourage innovation, diversity and global collaboration among the entrepreneurs
of tomorrow."
More information on the HP Global Business Challenge is available at
http://www.ja.org/Programs/programs_high_intl_hpgbc.shtml.
About JA Worldwide® (Junior Achievement)
Junior Achievement is the world's largest organization dedicated to inspiring
and preparing young people to succeed in a global economy. Through a dedicated
volunteer network, Junior Achievement provides in-school and after-school
programs for students which focus on three key content areas: work readiness,
entrepreneurship, and financial literacy. Today, 131 individual area operations
reach more than four million students in the United States, with an additional
five million students served by operations in 123 other countries worldwide. For
more information, visit www.ja.org.
About HP
HP is a technology solutions provider to consumers, businesses and institutions
globally. The company's offerings span IT infrastructure, global services,
business and home computing, and imaging and printing. Today, Hewlett-Packard
(HP) is a leading technology solutions provider to consumers, businesses and
institutions globally. With a portfolio that spans printing, personal computing,
software, services and IT infrastructure, HP is among the world's largest IT
companies, with revenue totaling $100.5 billion for the four fiscal quarters
ended July 31, 2007. HP has been operating in the Europe, Middle East and Africa
(EMEA) region since 1959 and is the Number One IT company in this region.
Currently, HP has 43 subsidiaries and 41,700 employees in EMEA. More information
about HP (NYSE, Nasdaq: HPQ) is available at
www.hp.com.
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