 | Press Release September 8, 2005 10:04 AM EDT (14:04 GMT)
Delray Beach, FLA. -- Office Depot (NYSE: ODP), a leading global provider of office products and services, today announced that its cash and in-kind donations to support Hurricane Katrina relief have topped $18 million. In outlining its contributions, Office Depot noted that it: Was among the first global companies to make a significant monetary contribution when it pledged $1 million to the American Red Cross on August 28, prior to the storm hitting New Orleans and the Mississippi Valley Delta Has offered city officials in New Orleans the entire contents of five stores (worth an estimated $4 million) to help get the city up and running Is providing $13 million in water, batteries, office and school supplies through the Company's partnership with Feed the Children Is distributing 1,000 backpacks filled with school supplies to help area children go back to school Is matching all employee contributions on a dollar-for-dollar basis through the Office Depot Disaster Relief Foundation Is accepting donations of $1, $5 and $10 at the Company's stores nationwide with all contributions going to the American Red Cross to help with shelters, food and water distribution, counseling and other vital forms of assistance Is working with FEMA, local Chambers of Commerce and other organizations to assist local businesses in restoring their operations Has established "One-Stop Disaster Relief Sites" at seven stores in Louisiana, Mississippi, Alabama and Texas to provide associates with supplies, information, counseling and other services to aid in the recovery Is working closely with the Business Roundtable to activate the Partnership for Disaster Relief, resulting in 89 corporate donations worth $102 million in cash and in-kind. "Hurricane Katrina is the American Tsunami," noted Steve Odland, Chairman and CEO of Office Depot. "We continue to encourage other companies to join us in this massive relief effort -- not only to help our fellow citizens, customers and associates who are suffering, but to ensure that our economy can withstand the tremendous impact this storm will have on American business." |  |