Liquidnet Announces the Official Dedication of the Agahozo Shalom Youth Village
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Residential Community in Rwanda for Orphans Offers Hope for the Future NEW YORK & LONDON--(Business Wire)-- Liquidnet, the global institutional marketplace, today announced the official opening of Agahozo Shalom Youth Village (ASYV), a special project of the non-sectarian program of the American Jewish Joint Distribution Committee. ASYV is a residential community in Rwanda that will provide a home for 500 orphaned and traumatized children still coping with the after effects of the genocide that once plagued their country. Today, Seth Merrin, founder and CEO of Liquidnet, will participate in the official opening of the village and dedicate its high school, The Liquidnet Family High School. The First Lady of Rwanda, Jeannette Kagame, will deliver the keynote address at the opening ceremony. The ASYV represents an investment in the future of Rwanda, and will prepare the children to make meaningful contributions to their country, enabling them to take on leadership roles in the years ahead. The youth village is built on over 140 acres of land and is modeled after similar projects that were established in Israel in the wake of the Holocaust. The ASYV is believed to be the first project to bring the concept of a youth village to Africa, and aims to be a replicable and sustainable model for meeting the holistic needs of orphans and other traumatized youth throughout the world. Children at the ASYV are provided with food, shelter, education, counseling programs, a medical clinic, recreational facilities and security. The first class of 125 children moved into the ASYV in December 2008. "We`re delighted and proud to officially commemorate the opening of the Agahozo-Shalom Youth Village," said Seth Merrin, CEO of Liquidnet. "When we chose to support this project, the goal was to build a village that would provide a holistic nurturing environment that provides for family and security along with housing, education, and medical services to children who have been through the worst trauma imaginable. We are proud of what has been achieved - in a miraculously short period of time." Agahozo is the Kinyarwandan word for "a place where tears are dried" and Shalom is Hebrew for "peace." The village integrates two central elements - the living environment and the learning environment. The living environment tends to the physical and psychological needs of the youth. There are 32 houses in total where 16 children live together in each group home with a "house mother" to recreate a family unit. The learning environment focuses on two complementary areas - formal and informal education. The core principles of the informal education curriculum are healing and enrichment. The formal education at the ASYV ensures access to a structured education program - and thus a future - for many who would not otherwise be able to receive it. "We want to thank everyone for their support," continued Merrin. "The entire Liquidnet family has played an important role in this undertaking, and has donated their time and their money to support this project. We hope that we have helped to build a model that will serve to inspire others to take up similar causes and give back to society." Liquidnet devotes one percent of its gross revenue each year towards giving back through a program known as "Liquidnet For Good." This nearly unprecedented level of commitment earned the company the prestigious Excellence Award from the Committee Encouraging Corporate Philanthropy for 2009. Agahozo-Shalom has been the cornerstone of Liquidnet For Good, with the company contributing USD$6.0 million cash since 2007. In addition to financial resources, Liquidnet employees and their family members have contributed untallied amounts of goods and services towards the project through a volunteer group called the "Liquidnet Family." Over 30 employees or their family members have visited Rwanda to directly help with the project, and nearly 75% of the total global Liquidnet workforce has contributed in some form. A registration statement relating to the Class A Common Stock of Liquidnet Holdings, Inc. has been filed with the SEC, but has not yet become effective. The Class A Common Stock of Liquidnet Holdings, Inc. may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Liquidnet Liquidnet is the world`s institutional marketplace that facilitates institutional equities trading for institutional investors worldwide. By giving buy-side traders a first look at a global natural liquidity pool averaging approximately 8.2 billion shares per day (for the quarter ended March 31, 2009). Liquidnet consolidates and delivers the institutional equities market directly to the desktops of 582 buy-side trading firms (as of March 31, 2009). Institutional investors use the Liquidnet marketplace to enhance the quality and speed of trade execution, gain price improvement for their trades, and, ultimately, lower overall trading costs. Launched in 2001, Liquidnet now trades in 29 equity markets across five continents. Participation in the Liquidnet marketplace is open to all market participants who can meet criteria designed to preserve the integrity of the platform. Liquidnet is headquartered in New York with offices in London, Toronto, Tokyo, Hong Kong, Sydney and Singapore. Additional company information is available online at www.liquidnet.com. About The American Jewish Joint Distribution Committee Since 1914, JDC has given global expression to the principle that all Jews are responsible for one another. Working today in over 70 countries, JDC acts on behalf of North America`s Jewish communities and others to rescue Jews in danger, provide relief to those in distress, revitalize overseas Jewish communities and help Israel overcome the social challenges of its most vulnerable citizens. JDC also provides non-sectarian emergency relief and long-term development assistance worldwide. For more information, please visit www.JDC.org. © 2009 Liquidnet Holdings, Inc. and its subsidiaries. Liquidnet, Inc. is a member of FINRA/SIPC. Liquidnet Europe Limited is regulated by the U.K. Financial Services Authority and is a member of the London Stock Exchange. Liquidnet Canada Inc. is a member of IIROC and a member of CIPF. Liquidnet Asia Limited is regulated by the Hong Kong Securities and Futures Commission as a licensed dealer and a provider of automated trading services pursuant to the Securities and Futures Ordinance and is regulated by the Monetary Authority of Singapore as a Recognised Market Operator. Liquidnet Japan Inc. is regulated by the Financial Services Agency of Japan and is a member of JSDA/JIPF. Liquidnet Australia Pty Ltd. is a licensed corporation under the Corporations Act of Australia, AFSL number 312525. Liquidnet Corporate Communications Tom Gibbons, 646-660-8067 tgibbons@liquidnet.com Copyright Business Wire 2009
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