Verizon Awards Scholarships to 10 Students at Instituto Technológico de Santo Domingo

SANTO DOMINGO, Dominican Republic - For the fourth consecutive year, Verizon International has awarded $5,000 scholarships to 10 first-year students at the Instituto Technológico de Santo Domingo (Intec), the leading technical institute here. A total of 40 students will take part in the Verizon International Scholarship Program for the 2004-2005 academic year.

The scholarships, provided by the Verizon International Foundation, will be renewable each year of the Institute's three-year undergraduate programs in telecommunications, engineering and business. The scholarships pay for the full cost of a student's annual tuition, transportation, textbooks, laboratory fees and health insurance. Verizon is awarding a total of $150,000 for the 2004-2005 academic year.

"Verizon International is pleased to continue to invest in the future of these talented students because we know we are also investing in the Dominican Republic's future," said Daniel C. Petri, president of Verizon International. "The scholarships are part of Verizon's commitment to foster the development of technical professionals in the Dominican Republic, and we salute our scholarship winners for their achievements."

This year's scholarship recipients are Enmanuel Gonzalez Hernandez, Pablo Graciano Antigua, Maximino Heredia Moquete, Elida Suero Nina, Rafael Alberto Herrera Abreu, Carmen Luisa Cano, Elizabeth Jimenez Hazim, Melissa Perez Ramirez, Gertrudis Alexander Puig Trinidad and Juan Daniel Gil Feliz.

"Verizon International and Verizon Dominicana support educational programs that help to develop a strong and competent work force," said Jorge Ivan Ramirez, president of Verizon Dominicana. "Verizon's scholarship program clearly will increase the number of highly qualified professionals and what better way to achieve this goal than through the Instituto Technológico de Santo Domingo."

Verizon Communications owns 100 percent of Verizon Dominicana, which is the leading local, long-distance and wireless telephone service provider in the Dominican Republic.

To qualify for the Verizon International scholarship program, applicants must have a grade average of 90 percent or better, demonstrate financial need, be enrolled in the Institute's three-year programs in telecommunications, engineering and business, and have attended high school and reside in the Dominican Republic.

Verizon's International Scholarship program was established in 2001. To date, the program has provided 40 scholarships totaling $450,000 over four years. Verizon International has a similar scholarship program in Puerto Rico in collaboration with its affiliate, the Puerto Rico Telephone Co.

The Verizon International Foundation, the philanthropic arm of Verizon International, supports a variety of educational and economic initiatives that focus on literacy, work force and community technology development. The foundation is committed to improving the quality of life of the communities served by Verizon and its international affiliates. For more information, visit www.verizon.com/foundation.

Verizon Communications

A Dow 30 company, Verizon Communications (NYSE:VZ) is one of the world's leading providers of communications services, with approximately $68 billion in annual revenues. Verizon companies are the largest providers of wireline and wireless communications in the United States. Verizon is also the largest directory publisher in the world, as measured by directory titles and circulation. Verizon's international presence includes wireline and wireless communications operations and investments, primarily in the Americas and Europe. For more information, visit www.verizon.com.


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