BusinessWeek Names Verizon to Magazine's List of Best Places to Launch a Career, for Third Consecutive Year

NEW YORK - For the third year in a row, Verizon Communications has been named to BusinessWeek magazine's list of Best Places to Launch a Career.

Of the 119 companies on this year's list, Verizon was ranked 22nd, higher than any other telecommunications company.

"Attracting, retaining and developing the best talent is an essential part of Verizon's strategy for continuing a leadership position in broadband communications and bringing to market the next generation of products and innovations," said Marc Reed, Verizon's executive vice president - human resources.

"We strive to create an exciting and vibrant work environment that recognizes and rewards performance. We're honored to be recognized among the best companies to launch meaningful and rewarding careers," Reed said.

To determine which employers are best for entry-level workers, BusinessWeek surveyed career services directors at U.S. colleges and the top companies recommended by the directors.  In addition, the publication used the results of a 2008 survey by Universum Communications, a Philadelphia research company, of more than 40,000 U.S. undergraduates, who were asked to identify their five most desirable employers. 

A complete list of BusinessWeek's Best Places to Launch a Career 2008 can be found at http://www.businessweek.com/magazine/toc/08_37/

BusinessWeek's profile on Verizon can be found at http://www.businessweek.com/careers/first_jobs/2008/22.htm.

Verizon has been recognized as a leader in workplace practices by numerous publications.

Earlier this year, Verizon was named No. 1 on DiversityInc magazine's list of Top 50 Companies for Diversity, having earned the top spot for the second time in three years. BusinessWeek ranked Verizon fourth in the publication's 12th annual ranking of the best-performing companies in the Standard & Poor's 500-stock index. And for the third consecutive year, Working Mother magazine named Verizon to its list of Best Companies for Multicultural Women.

LatinaStyle, for the sixth consecutive year, has recognized Verizon as one of the Top 13 companies on its list of the 50 Best Companies for Latinas to Work for in the U.S. And Hispanic Business Magazine, for the fourth year in a row, has named Verizon to the Top 15 of its Diversity Elite 60, an annual list that measures companies' commitment to Hispanic hiring, promotion, marketing, philanthropy and supplier diversity. In addition, Verizon Wireless was ranked fourth in Training Magazine's seventh annual ranking of the top companies of employer-sponsored workforce training and development.

Verizon Communications Inc. (NYSE:VZ), headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers.  Verizon Wireless operates America's most reliable wireless network, serving nearly 69 million customers nationwide.  Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network.  A Dow 30 company, Verizon employs a diverse workforce of more than 228,600 and last year generated consolidated operating revenues of $93.5 billion.  For more information, visit www.verizon.com.