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Carrie Blewitt (703) 744-7816

Intel Chairman Craig Barrett Honored by the Horatio Alger Association of Distinguished Americans
Two Arizona High School Scholars Also Recognized during 60th Anniversary Celebration

Washington, DC - (February 27, 2007) - The Horatio Alger Association of Distinguished Americans announced that Craig R. Barrett, chairman of the board for Intel Corporation, will be presented with the Horatio Alger Award, and inducted as a lifetime member of the Association at its 60th anniversary celebration in Washington, D.C. in April.

The Association is equally proud to announce seven student scholars from Arizona will join Barrett in Washington this spring and will be honored as Horatio Alger National Scholars. Horatio Alger scholarship recipients are students who have excelled in education and have overcome adversity. This year's scholarship recipients from Arizona are Pouria Malhamdary from Mesa and Paul J. Mallery from Phoenix.

"The 60th anniversary is a time to reflect on six decades of exceptional American achievements, and we look forward to celebrating the successes of the outstanding individuals who will be inducted as Members, and the National Scholars who represent our nation's most ambitious youth," said Horatio Alger Association President and CEO and ARAMARK Corporation Chairman and CEO, Joseph Neubauer.

The 60th Annual Horatio Alger Awards events will take place in Washington, D.C. on April 12-14, 2007 to honor and induct the Horatio Alger Award recipients. During the events, the Horatio Alger Award winners will meet with 106 high school seniors from around the nation who were selected to receive Horatio Alger National Scholarships, each valued at $20,000. The total amount of college scholarships awarded is more than $12 million annually- an Association milestone.

The events provide an opportunity for some of the nation's most impressive and determined young people to learn firsthand about the philosophies and experiences that helped the 2007 Horatio Alger Award recipients surmount significant obstacles to achieve successful lives.

The other new members being inducted in April are Thomas "Tom" J. Brokaw, former anchor and managing editor of the NBC Nightly News; Jenny and Sid Craig, co-founders of Jenny Craig International; Craig Hall, chairman and founder of Hall Financial Group; Clarence Otis, Jr., chairman and CEO of Darden Restaurants; Richard M. Rosenberg, chairman and CEO of Bank of America (retired); David M. Rubenstein, co-founder and managing director of The Carlyle Group; Howard Schultz, chairman of Starbucks Coffee Company; Roger T. Staubach, former Dallas Cowboy and chairman and CEO of The Staubach Company; and Chris Thomas Sullivan, founder and chairman of OSI Restaurant Partners, Inc.

In preparation for the spring awards, Barrett recently had a few words regarding the Horatio Alger Scholarship. He said: "It can be no greater task or burden on society than to educate its young people and give its young people opportunity. And that's what Horatio Alger stands for." To the high school recipients of the scholarship, he added: "You get a lot of options in life, and education is perhaps the greatest option that you have."

Barrett's life is a testament to the value of education. He was born in California during the Great Depression. He was just ten years old when his father passed away. Barrett helped to support his mother by taking odd jobs and working construction during summers. Through this, Barrett excelled in school and was rewarded with a scholarship to study metallurgical engineering at Stanford University, where he eventually earned a PhD and remained as a faculty member.

In 1974, Barrett left Stanford to accept a job with Intel Corporation, helping to lead the company to a market leadership position despite fierce competition and a worldwide recession. He was named president of Intel in 1997 and chairman of the board in 2005. He is a member of several organizations, including the President's Advisory Committee for Trade Policy and Negotiations, the Commission on No Child Left Behind, the National Action Council for Minorities in Engineering and the National Forest Foundation.

Barrett also chairs the Intel Foundation, which has contributed $1 billion to improve education globally. He has made several personal donations toward supporting education, including $10 million to Arizona State University for an undergraduate honors college and, recently, $500,000 to help an Arizona charter school retain skilled math and science teachers.

Barrett's wife, Barbara McConnell Barrett, was inducted to the Horatio Alger Association in 1999.

About The Horatio Alger Association
Founded in 1947, the Horatio Alger Association of Distinguished Americans continues to fulfill its mission of honoring the achievements of outstanding individuals in our society who have succeeded in spite of adversity and of encouraging young people to pursue their dreams through higher education. Among the Association's 300 members are well-known Americans including the noted poet Maya Angelou, author and broadcaster Lou Dobbs, astronaut Buzz Aldrin, former Secretary of State Colin Powell and television personality Oprah Winfrey.

The Horatio Alger Association offers three annual scholarship programs: the National Scholarship Program for high school seniors, various state scholarship programs and the Horatio Alger Military Veterans Scholarship Program for U.S. veterans of the Afghanistan and Iraq conflicts. Award winners receive financial aid counseling and internship placement assistance.

For more information about the scholarships or to find out more about the 2007 Washington events, please call (703) 684-9444 or visit www.horatioalger.org.

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