Encourages Other Companies to Make Contributions in Anticipation of Major
Disaster
DELRAY BEACH, Fla., Aug. 28 /PRNewswire-FirstCall/ -- Office Depot, Inc.
(NYSE: ODP), a leading global provider of office products and services, today
announced that it has pledged to contribute $1 million to the American Red
Cross for the relief of persons affected by Hurricane Katrina, currently
approaching New Orleans and the Mississippi Valley area. The Company also
strongly encourages other companies to make their own pledges to create a fund
that is adequate to the needs of the victims of this catastrophic storm.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050801/FLM019LOGO )
"We have many associates and facilities in harms way tonight, and we also
have thousands of our customers who will suffer greatly as a result of this
storm," said Steve Odland, Office Depot's Chairman and Chief Executive
Officer. "We want to make a substantial pledge of assistance in advance of
the devastation that we recognize is coming. And we want to encourage other
companies that have significant business assets in this area -- as well as
those that do not -- to join us in a massive relief effort for our fellow
citizens who will be suffering in the days and weeks ahead."
About Office Depot
With annual sales approaching $14 billion, Office Depot provides more
office products and services to more customers in more countries than any
other company. Incorporated in 1986 and headquartered in Delray Beach,
Florida, Office Depot conducts business in 23 countries and employs 47,000
people worldwide. The Company operates under the Office Depot(R), Viking
Office Products(R), Viking Direct(R), Guilbert(R), and Tech Depot(R) brand
names.
Office Depot is a leader in every distribution channel -- from retail
stores and contract delivery to catalogs and e-commerce. With $3.1 billion in
online sales in FY'04, the Company is the world's number three Internet
retailer. As of June 25, 2005, Office Depot has 1,011 retail stores in North
America in addition to a national business-to-business delivery network
supported by 22 delivery centers and more than 60 local sales offices.
Internationally, the Company conducts wholly-owned operations in 14 countries
through 76 retail stores and 26 distribution centers, and operates 153 retail
stores under joint venture and license arrangements in another seven
countries.
The company's common stock is listed on the New York Stock Exchange under
the symbol ODP and is included in the S&P 500 Index. Additional press
information can be found at: http://mediarelations.officedepot.com.
SOURCE Office Depot, Inc.
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Related links:
http://www.officedepot.com
http://mediarelations.officedepot.com
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/20050801/FLM019LOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Stephen Sauls, Corporate Relations,
+1-561-438-4930, ssauls@officedepot.com, or Brian Levine, Public
Relations, +1-561-438-2895, blevine@officedepot.com, both of
Office Depot
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