Company Employees Donate Funds to Build a New Middle School
BEIJING, China, August 18 /PRNewswire-FirstCall/ -- Radware (NASDAQ:RDWR), the leading provider of integrated application delivery solutions for business-smart networking, today announced that the Company and its employees donated the equivalent to 73,000USD (500,000 RMB) to the reconstruction of Yunfeng Middle School located in the Sichuan Province of China.
On May 12, 2008, a massive 8.0 magnitude earthquake hit Sichuan, a province in the southwestern region of China. The aftermath of the shocks was devastating. Schools were the hardest hit, resulting in the death of thousands of students; leaving many more without classrooms. Immediately after the tragedy, Radware's China-based-employees launched a worldwide earthquake relief donation initiative within the company, requesting that employees all over the globe donate what they could to help China's children.
"Thousands of classrooms were destroyed, leaving the surviving children with nowhere to learn. We decided the best way Radware could help with the rebuilding efforts was to fund the construction of a school for the children," said Roy Zisapel, CEO, Radware. "Education is key to their future and it is also our corporate social responsibility as compassionate humanitarians, to do what we can to help." Radware officially committed funds during a ceremony held on August 7, in the town of Yunfeng, Sichuan Province, where the new middle school will be built. Mrs. Hongyi Zhang, North Asia Finance and Administration Manager, Radware and Mrs. Daofen He, a member of Standing Committee and the Minister of Communication Department attended the ceremony. The donation will be made to the Red Cross Society, CangXi County, Sichuan Province who will facilitate the building of new education facilities that will accommodate up to 500 children.
Radware first established operations in China in 2000 and now has a total of 6 offices. The company did not sustain any physical losses to its office in Chengdu and all employees are accounted for.
About Radware Radware (NASDAQ:RDWR), the global leader in integrated application delivery solutions, assures the full availability, maximum performance, and complete security of business-critical applications for more than 5,000 enterprises and carriers worldwide. With APSolute(TM), Radware's comprehensive and award-winning suite of intelligent front-end, access, and security products, companies in every industry can drive business productivity, improve profitability, and reduce IT operating and infrastructure costs by making their networks "business smart." For more information, please visit http://www.radware.com/.
This press release may contain forward-looking statements that are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, general business conditions in the Application Switching or Network Security industry, changes in demand for Application Switching or Network Security products, the timing and amount or cancellation of orders and other risks detailed from time to time in Radware's filings with the Securities and Exchange Commission, including Radware's Form 20-F. DATASOURCE: Radware Ltd CONTACT: Media Relations: Joyce Anne Shulman, +1-201-785-3209,
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