Cisco Makes $4.5 Million Commitment to City Year to Help Address Growing High School Dropout Crisis

SAN JOSE, CA, Jun 10 (MARKET WIRE) --
Cisco (NASDAQ: CSCO)

News Summary:

-- Cisco and the Cisco Foundation today pledged a total of $4.5 million to
City Year's Whole School Whole Child program, consisting of:

-- Up to $1.5 million in cash from the Cisco Foundation during the next
three years to continue enhancing the capabilities of the Whole School
Whole Child program.
-- Up to $3 million in product and services from Cisco to help build a
21st-century collaboration and communications platform using Web
conferencing and other Web 2.0 capabilities, enabling City Year to more
effectively and efficiently scale the Whole School Whole Child program
around the United States.

-- Cisco's total support of City Year, including the new $4.5 million
commitment, amounts to more than $12 million, stretching back to 1993
when Cisco co-founder and Chairman Emeritus John Morgridge recognized the
innovation inherent in City Year's mission and helped the organization
expand to San Jose. -- Cisco's commitment coincided with the two-day City
Year National Leadership Summit, which focused on a national-service
response to the dropout crisis, and also featured Arne Duncan, secretary
of the U.S. Department of Education; David Gergen, director of the Center
for Public Leadership at Harvard University; and Sen. Barbara Mikulski,
D-Md. -- Cisco Foundation Executive Director Michael Yutrzenka
participated in a panel discussion on national service and the dropout
crisis moderated by Judy Woodruff, senior correspondent for PBS' "The
NewsHour with Jim Lehrer." Other panelists included Dr. Robert Balfanz,
research scientist, Center for Social Organization of Schools, Johns
Hopkins University; John Bridgeland, president and CEO, Civic
Enterprises; Dr. Frederick Frelow, program officer, Ford Foundation;
Marguerite Kondracke, president and CEO, America's Promise Alliance.

Tags / Keywords:
Cisco, CSR, corporate social responsibility,
citizenship, philanthropy

Links / URLs:

-- Watch City Year CEO Michael Brown and Chancellor
Michelle Rhee, DC Public Schools, discuss how City Year's Whole School
Whole Child program mobilizes young adults to help kids succeed in
school.
-- Read the case study about Cisco's collaboration with City Year.
(http://www.cisco.com/web/about/citizenship/socio-economic/index.html)
-- Watch video
about City Year's Leadership philosophy.
-- Read
Cisco 2008 Corporate Citizenship Report.

Quotes:
-Michael Yutrzenka, executive director, Cisco Foundation

"City Year's focus on developing innovative education methodologies that
lead to measurable success for students is an initiative that Cisco
wholeheartedly supports. As a longtime supporter of City Year's mission,
Cisco is extremely pleased to take its commitment of the Whole School
Whole Child program to a new level, especially in light of current
economic conditions."

-Michael Brown, CEO and co-founder, City Year, Inc.
"Addressing the
dropout crisis is going to take a nationwide effort that unites the
private and public sectors to get students back on track to
graduation,and Cisco is at the forefront of that leadership. The idealism
of young Americans in service has even more impact when powered by the
expertise and resources of Cisco. We are grateful for Cisco's deep belief
in City Year, for their 15 year partnerships, and for this tremendously
generous new investment to help get the right interventions to the right
students at the right time to help students stay in school and on track."

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Contact Information:
Press Contact
Robyn Jenkins-Blum
Cisco Systems, Inc.
+1 408 853 9848
rojenkin@cisco.com

Investor Relations
Marilyn Mora
Cisco Systems, Inc.
+1 408 527 7452
marilmor@cisco.com

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