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Winners Announced in 2009 FedEx/JA Regional International Trade Challenge
For Immediate Release:
Students from New Zealand and Australia Win FedEx/JA Regional International Trade Challenge
Students from Seven Asian Markets Display Remarkable Entrepreneurial Flair in Final
Singapore, August 7, 2009 — After a grueling three-day test of their business acumen, analytical capabilities and mental strength, three teams from New Zealand and Australia emerged as winners in the FedEx Express®/Junior Achievement™ International Trade Challenge (ITC) regional finals, a competition aimed at nurturing the entrepreneurial spirit and business skills of students in the Asia-Pacific region.
Jointly organised by FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world's largest express transportation company, and U.S.-based JA Worldwide®, the world's largest organisation dedicated to preparing youths for the working world, the ITC was launched in 2007 and is supported by a US$1million grant from FedEx over a three-year period involving markets in the Asia Pacific region.
Forty-two students between 16 - 19 years of age from Australia, Hong Kong, Korea, Malaysia, New Zealand, Singapore and Thailand were selected to represent their markets at the regional final after competing at the local challenge in their respective home markets. At the regional competition, these students were tasked to come up with a market entry strategy for exporting carpets to Egypt during a two-day intensive workshop.
The winning teams were selected based on two main criteria: content and presentation. They were scored on their thoroughness, creativity and professionalism in developing and executing their business entry strategy.
Team New Zealand (Paul Minors and Chuck Slogrove) took first place, followed by Team New Zealand (Talman Madsen and Aimee Gordon) and Team Australia (Jade Sewell-Robertson and Lauren Flint). The three winning teams impressed the judges with their winning strategies, keen business acumen and outstanding analytical skills.
"The new ideas and innovations that entrepreneurs bring to the marketplace are crucial to building strong, resilient economies. FedEx support of the International Trade Challenge is part of our commitment to educate and nurture the next generation of business leaders who will be important contributors to this region's future growth," said David L. Cunningham Jr., president, Asia-Pacific, FedEx Express. "The finalists in this year's competition truly exhibited teamwork, leadership and innovative thinking that will help them drive success in a dynamic business world where opportunities abound."
Sean C. Rush, president and chief executive officer of JA Worldwide, added, "Junior Achievement's long track record of teaching young entrepreneurs how to succeed is vividly brought to life by the student participants in the International Trade Challenge. These JA students are learning how to position their enterprises for success in the global economy and are building a network which they can leverage to expand their organization's footprint. FedEx is an important partner of JA Worldwide in helping these young business owners succeed now and as they start or join new businesses in the future."
The Challenge which is in its third year, attracted a total of 1690 students from Australia, Hong Kong, Malaysia, New Zealand, Korea, Singapore and Thailand, who participated in the ITC workshops from April to June 2009 where FedEx employees volunteered their time to coach the students and facilitate business lessons.
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