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January 01 2008

Jeff Fendler and Andrew Bo Young III Steer A Host of Financial Literacy Initiatives as Co-Chairs of Operation HOPE’s Southeastern Board

Georgia Business Leaders Helm Nonprofit’s Efforts to Further “Silver Rights” Through Personal Fiscal Responsibility in Country’s Southern Belt

LOS ANGELES, CA – May 1, 2008 – Financial literacy and empowerment leader, Operation HOPE (HOPE), today announced that Primerica Life Insurance Company President and CEO Jeff Fendler and Young Solutions President Andrew 'Bo' Young, III have been named co-chairs of the organization’s Southeastern Board of Directors.

In their new roles, Mr. Fendler and Mr. Young will help champion HOPE's mission of providing financial literacy resources and training to low-income individuals residing in Georgia, North Carolina, Alabama and surrounding areas. "I wholeheartedly welcome Jeff Fendler and Bo Young as our newest Southeastern Board co-chairs. The dedicated leadership these gentlemen have already demonstrated will clearly bring added value to our ‘Silver Rights’ Movement for economic empowerment,” stated HOPE President and COO Bill Walbrecher.

Having served on HOPE’s National Board since 2006 and participated as a member of the Southeastern board since 2007, Mr. Fendler will use his expertise in management to further the non-profit organization’s ambitious agenda. “In my new role as the Southeastern board co-chair, I am deeply committed to ensuring that underserved Americans have access to economic opportunities,” said Mr. Fendler. “It is a true privilege to be a part of this remarkable organization, and I look forward to working with Mr. Young and the rest of the members to further HOPE’s goal of sustaining positive life change.

Active on the Southeastern Board since 2005, Mr. Young has renewed his dedication to broaden the scope of financial literacy initiatives in the southeastern communities. “HOPE is a driving force behind financial literacy training in the region and I am proud to continue my affiliation,” Young said.

Since the inception of its Banking on Our Future Atlanta Chapter in 2005, HOPE has distinguished itself through tireless efforts to educate and inspire the next generation of economic stakeholders. Currently 6,494 youth in the Atlanta metropolitan area have been instructed in fiscal matters, with over one thousand receiving the curriculum in 2008 alone.

In addition, an impressive cadre of over 600 HOPE Corps Volunteers has been instrumental in bringing the award-winning program to over 37 public schools and 25 community based organizations in Atlanta. These results are due in large part to the financial support of partners such as ING, Bank of America, Chubb Insurance, Citigroup, GE Money, The Private Bank, and Primerica Insurance.

Under Mr. Fendler and Mr. Young’s direction, HOPE will be piloting a series of innovative financial literacy programs through newly developed partnerships platforms with The Boy Scouts Atlanta Area Council, Girl Scouts of Northwest Georgia, 100 Black Men, Harland, B.E.S.T. Academy, Coretta Scott King Young Women’s Leadership Academy, and the prestigious HBCU, Spelman College. These historic collaborations will have far reaching effects, allowing thousands of students to become more astute when it comes to economic matters.

Comprised of some of the nation's most powerful executives, decision-makers, bankers and economists, the HOPE Board is made up of seven regional boards, a national board and global advisory board. These individuals play an essential role in providing insight and guidance to the organization's direction.

Among the impressive group of business and community leaders serving on the Southeastern board are: Dana Boone, Director, Office of the Treasurer - City of Atlanta; William 'Bill' Cheeks, regional director, Jump$tart Coalition; D. Scott Dalton, senior vice president and branch manager Chubb Group of Insurance Companies; Honorable Kwanza Hall, Atlanta City Councilmember, District 2; Shirley Fanning Lasseter, director of public education, Office of Commissioner of Insurance and Safety Fire; John W. Oxendine, Commissioner of Insurance, Safety & Fire, State of Georgia; Carolyn Young of GoodWorks International, and the region’s newest board member Pernell Smalley.