Pilot of Small Business Advisory Program Commences in NYC Metropolitan Area

New York (PRESS RELEASE – July 31, 2011) – The William J. Clinton Foundation and UBS Wealth Management Americas (UBS WMA) will launch the New York City metropolitan area pilot of their CEO-UBS Small Business Advisory Program. The six month pilot represents the next step in the philanthropic partnership announced at last month’s Clinton Global Initiative (CGI) America conference between the Foundation’s Clinton Economic Opportunity Initiative (CEO) and UBS WMA. The program also represents an expansion of UBS WMA’s Revitalizing America initiative, which was launched earlier this year and is aimed at forging common ground and discussing how, through partnership, business, government and the non-profit sector can develop actionable solutions that will help revitalize the U.S. economy.

“Promoting the success of small businesses within underserved communities is a key component to ensuring a balanced economic recovery” said President Clinton. “I am pleased that my Foundation is partnering with UBS Wealth Management Americas to provide small businesses in New York City with the essential resources, assistance and access they need to grow and contribute to job creation within their communities.”

Over the course of the program, ten entrepreneurs from communities including Harlem, Long Island City, Newark and Brooklyn, who currently run high-growth businesses with significant potential for job creation, will receive pro bono strategic financial and business advice. Each participating entrepreneur has been matched with a UBS Financial Advisor and a dedicated client from his or her corresponding network. Together, these Financial Advisor and client teams will provide tailored advice aimed at enhancing the knowledge and skills necessary to support business expansion and long-term success.

“As small businesses across America strive to expand and grow jobs, I am proud of the fact that UBS advisors and our clients have volunteered to work with the entrepreneurs enrolled in this pilot program. By providing the knowledge and skills necessary to support these promising individuals as they pursue their goals, we hope to help revitalize the most critical engine of job creation in America – our small businesses,” said Robert J. McCann, Chief Executive Officer of UBS Wealth Management Americas.

The ten small businesses enrolled in the program had average annual revenue of $8.44 million in 2010 and together employed a total of 400 people at the end of last year. Participating entrepreneurs and their companies are: Julie Azuma, Different Roads to Learning, Inc.; Dinesh and Josh Boaz, Direct Agents, Inc.; K.Y. Chow, GM Printing; Richelieu Dennis, Sundial Creations; Kenny Lao, Rickshaw Dumpling Bar; Tamara Mangum-Thomas, Sharpened Image, Inc.; Jose Montiel, Proftech, LLC; Marjorie Perry, MZM Construction & Management Company, Inc.; Jeffrey Smalls, Smalls Electrical Construction, Inc.; and Larry Velez, Sinu.

The UBS Financial Advisors and clients working with the small businesses are, in corresponding order: Advisor Sharon Sager and Amy Butte, CEO of TILE Financial, Inc.; Advisor Marty Halbfinger and Miles Stuchin, Founder and President of Access Capital, Inc.; Advisor Mark Horan and Don Terwilliger, President of Digital Color Concepts; Advisor Holly Hendrix and Carol Greer, retired retail industry executive and consultant; Advisor Peter Klein and Peter Furth, CEO of FFF Associates, Inc.; Advisor Frank Condon and Eric Goldstein, Partner at The Argosy Group; Advisor Tim Donnelly and Vice Admiral Edward Straw, Executive Vice President of PRTM Management Consultants; Advisor Russell Rabito and Walter Beal, General Manager at Springline Corporation; Advisor Terri Jacobsen and Harry DiAdamo Jr., Director and Treasurer of the Hewitt Foundation; and Advisor Jason M. Katz and Jason Katz, Founder and CEO of Paltalk.

About the Clinton Economic Opportunity Initiative

Building on President Clinton’s long-term commitment to economic advancement, the Clinton Economic Opportunity Initiative (CEO) works to accelerate economic progress in underserved communities in the United States by promoting entrepreneurship and advancing business-to-business public service. Through programs that provide entrepreneurs with support, ideas, and tools that can help them succeed in the marketplace, CEO aims to empower growing businesses, create jobs, generate wealth, and promote lasting economic development. Learn more at www.clintonfoundation.org.

About UBS Wealth Management Americas

UBS Wealth Management Americas provides advice-based relationships through financial advisors who deliver a fully integrated set of products and services specifically designed to address the needs of ultra high net worth, high net worth and core affluent individuals and families. It includes the Wealth Management US business, the domestic Canadian business and the international business booked in the United States.

About UBS Wealth Management Americas Revitalizing America Initiative

Launched in response to investors’ deep concerns about America’s long-term economic growth, UBS Wealth Management Americas Revitalizing America Initiative comprises a series of speaking engagements and programs that UBS will host over the course of the year, aimed at forging common ground and discussing how, together, we can revitalize the U.S. economy. In support of the initiative, UBS WMA has published “Revitalizing America: Forging a New Path toward Economic Prosperity,” a report on the challenges facing the nation’s economy.

About UBS

UBS draws on its 150-year heritage to serve private, institutional and corporate clients worldwide, as well as retail clients in Switzerland. The firm combines its wealth management, investment banking and asset management businesses with its Swiss operations to deliver superior financial solutions.

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