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 Investor Relations   Kids’ Chance Receives Financial Boost From Weirton Steel For Immediate Release WEIRTON, WV. -- Weirton Steel Corp. has provided a financial boost to Kids’ Chance of West Virginia Inc., a new non-profit organization that offers scholarships to children whose parents have suffered serious, catastrophic or fatal workplace accidents or injuries. The steel company recently contributed $2,000 to the organization which was created nearly one year ago after Gov. Cecil Underwood ordered a study made of similar programs in other states. West Virginia was the 10th state to form such a program. "Weirton Steel is pleased to have the opportunity to contribute to this worthwhile endeavor. Our corporate giving program places a special emphasis on education and activities that help people better themselves," said Gregg Warren, Weirton Steel spokesperson. "Governor Underwood is to be commended for his interest in helping the financially disadvantaged further their education. There are many teenagers and young adults who at one time did not have to worry about going to college, but because of misfortune in their families, the money needed to do so simply is not there." The Kids’ Chance board of directors is comprised of employers and labor representatives, including John Balzano of the Independent Steelworkers Union at Weirton Steel. He approached Weirton Steel about contributing to the organization. "We are raising funds from businesses and individuals statewide to help achieve our goal of eventually assisting many of the 700 children who may be eligible for scholarships. We believe no child should be denied an opportunity to attend an institution of higher education due to a lack of financial resources created by an unfortunate workplace accident involving a parent," commented Balzano. Last year, there were nearly 50 on-the-job fatalities in West Virginia, according to Balzano. The Kids’ Chance board has been able to use Workers’ Compensation records to help them locate students who may be eligible. The board hopes to have raised $50,000 by the end of the summer and may provide several scholarships by the end of this month. As of mid-July, the board had reached half of its goal. Applicants do not have to be residents of the Mountain State if an injured parent suffered a work-related injury or death while living in West Virginia. Eligible students must be between the ages of 16-25, and the scholarships will be for any post-secondary education, including college, trade/vocational schools, junior college or a five-year degree program. Applications are reviewed by a scholarship committee, which will consider the students’ aptitude and achievement tests, financial need, letters of reference, motivation, character and ability. Other members of the board include: Jim Bowen, West Virginia AFL-CIO; Bob Stultz, attorney, Weston; Laura Ellis, assistant vice president, One Valley Bank, Charleston; Jack Frasher, West Virginia Society of CPAs; and Ted Hepney, United Mine Workers of America, Charleston. For further information, contact Balzano at (304) 748-8080.
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