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FOR IMMEDIATE RELEASE
MEDIA CONTACTS:
Bonnie LeVar
(914) 328-1313
bonnielevar@corpangelnetwork.org
or Meghan Weber Stanton Communications
(212) 616-3601
mweber@stantoncomm.com
MBIA Donates 50 Hours of NetJets Time to Corporate
Angel Network
50 Hours of Falcon 2000 Fractional Time to Help
Cancer Patients
White Plains, NY—(Dec. 21, 2006)—Corporate Angel Network (CAN),
the national non-profit organization that provides free air transportation
for cancer patients by using empty seats on corporate and fractional
aircraft, announced today that MBIA Inc. the leading financial guarantor
and provider of specialized financial services has donated 50 hours
fractional jet flight time in their NetJet Falcon 2000 aircraft
for use by CAN to transport cancer patients to treatment.
“CAN patients face daunting challenges in their battle against
cancer; the least of these should be transportation to treatment,”
said C. Edward Chaplin, MBIA chief financial officer. “MBIA employees
are proud of their company’s support of CAN, and we encourage other
companies to participate in this wonderful program.”
“MBIA’s generous donation will clearly increase the number of cancer
patients we transport to treatment centers,” said Randall Greene,
CAN’s chairman. “We often use donated fractional time for flights
to remote or seldom traveled locations where patients can’t typically
be reached with regular corporate flights,” continued Greene. “Whenever
possible we schedule multiple patients on each individual MBIA donated
flight and these flights often make a critical and lasting difference
in the lives of our patients.”
About Corporate Angel Network
Corporate Angel Network (CAN) arranges free flights to treatment
for cancer patients using the empty seats on corporate flights.
Since its founding 25 years ago, CAN has grown to include 530 participating
corporations, five paid staff, and a team of 50 part-time volunteers
who work with patients, physicians, corporate flight departments,
and leading treatment centers to coordinate medical travel needs
of cancer patients with the scheduled flight activity of participating
corporations. To date, CAN has arranged nearly 25,000 flights and
currently provides about 200 patient flights a month. CAN has received
numerous awards in recognition of its service to cancer patients,
including The Volunteer Action Award, the highest volunteer award
from the President of the United States. For more information please
call CAN at (914) 328-1313 or visit www.CorpAngelNetwork.org.
About MBIA Inc.
MBIA Inc., through its subsidiaries, is a leading financial guarantor
and provider of specialized financial services. MBIA's innovative
and cost-effective products and services meet the credit enhancement,
financial and investment needs of its public and private sector
clients, domestically and internationally. MBIA Inc.'s principal
operating subsidiary, MBIA Insurance Corporation, has a financial
strength rating of Triple-A from Moody's Investors Service, Standard
& Poor's Ratings Services, Fitch Ratings, and Rating and Investment
Information, Inc. MBIA has offices in London, Madrid, Milan, New
York, San Francisco, Sydney and Tokyo. # # #
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