Contacts:
Matt Hurwitz
415-636-3700
1st Annual charles Schwab
junior sailing cup comes to chesapeake bay
Unique Competition Supports Local Children And Teens Interested
In Sailing
ANNAPOLIS, April 20, 2007 — Charles
Schwab & Co., Inc. today announced the launch of the 1st annual
Charles Schwab Junior Sailing Cup (CSJSC).
Designed to provide teens interested in sailing with a platform for
skill development and teambuilding through structured competition, the CSJSC will
begin May 10 on the Chesapeake Bay, and run through the end of August.
This year three yacht clubs on
the upper Chesapeake Bay will participate with their Junior Sailing programs.
Participating yacht clubs include the Annapolis Yacht Club (AYC), Eastport
Yacht Club (EYC) and the Severn Sailing Association (SSA).
“We have been working with
the Upper Chesapeake Bay sailing community for the past three years, and are
excited to broaden our involvement through this program that supports local
youth interested in developing their sailing skills,” said Andrew Coyne, vice president
and branch manager of the Annapolis Charles Schwab office. “We look forward to supporting this event as
it grows over the next few years.”
How the CSJSC works
The Charles Schwab Junior Sailing Cup is a points-based regatta. Points will be awarded for first, second and third place finishes in weekly races beginning on May 10, and concluding at the end of August. The three teams will enter pre-existing weekly races, with each yacht club crewing a J80 sail boat. The J80 Class is considered a “big boat,” which gives junior sailors a unique opportunity to train on larger craft. At the end of the season, points will be tallied and the winning team will receive the Charles Schwab Junior Sailing Cup for display in their home yacht club.
Boats, instructors, race
committee, judging, and scoring will all be overseen by J World Annapolis (http://www.sailjworld.com/). Charles
Schwab will have access to a fourth “spectator” boat, which will follow each
race and provides the participants’ parents with “on the water” access to the
race and a special opportunity to watch their children compete.
About
Charles Schwab
The Charles Schwab Corporation (Nasdaq: SCHW) is a
leading provider of financial services, with more than 300 offices and 6.8 million
client brokerage accounts, 584,000 corporate retirement plan participants,
150,000 banking accounts, and $1.3 trillion in client assets. Through its
operating subsidiaries, the company provides a full range of securities
brokerage, banking, money management and financial advisory services to
individual investors and independent investment advisors. Its broker-dealer
subsidiary, Charles Schwab & Co., Inc. (member SIPC, http://www.sipc.org),
and affiliates offer a complete range of investment services and products
including an extensive selection of mutual funds; financial planning and
investment advice; retirement plan and equity compensation plan services;
referrals to independent fee-based investment advisors; and custodial,
operational and trading support for independent, fee-based investment advisors
through its Schwab Institutional division. The brokerage products offered
through Charles Schwab & Co., Inc. are not FDIC insured, not guaranteed or
obligations from Charles Schwab Bank, and are subject to risk, including the
possible loss of principal invested. The
Charles Schwab Bank, N.A. (member FDIC) provides banking and mortgage services
and products. (0407-5660)