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NEWS RELEASE
For Immediate Release
June 9, 2010
JUNIOR ACHIEVEMENT ANNOUNCES LITHUANIAN
TEAM WINS
2010 GLOBAL JA TITAN CHALLENGE
Worldwide online contest tests students'
entrepreneurial thinking and business acumen.
Colorado Springs, Colo. – Junior Achievement today
announced Team SPRESIME from Lithuania as the winner of the Global JA Titan
Challenge, a worldwide online competition designed to test students' business
knowledge and skills.
The Global JA Titan Challenge is based on JA TitanTM,
Junior Achievement's online simulation that allows teams of high school students
to act as chief executive officers of virtual manufacturing companies. The teams
are prompted to make decisions that affect the profitability and sustainability
of their companies as they attempt to outperform their competitors in profit,
sales and market share. By exercising critical fiscal and managerial
decision-making, students get firsthand experience in the challenges of
operating a successful global enterprise.
The Challenge was comprised of three rounds of competition
which took place from mid-February through the end of May. Twenty-nine countries
were represented by 243 teams of students-each team typically has three to five
members.
Team SPRESIME received first-place honors and a cash prize
of US $3,000; second place, and a US $2,000 prize, went to Team Aero from China.
Team INTELL from Russia placed third and received US $1,000. Fourth place and US
$500 went to Team OTAH from Kazakhstan; Team Roots from Poland rounded out the
top five and received a US $250 prize.
"To succeed in the Global JA Titan Challenge, participants
must demonstrate quick yet effective decision-making across a variety of
disciplines in a compressed timeframe. It is JA's most intense competition;
participants must possess and use solid entrepreneurial skills and financial
knowledge," said Sean C. Rush, president and chief executive officer, JA
Worldwide. "Through the Challenge, Junior Achievement empowers young people to
experience and excel in the global economy's competitive environment, which is
mimicked in the JA Titan simulation."
Visit Junior Achievement's website,
www.ja.org, for more information about the
Global JA
Titan Challenge.
About JA Worldwide® (JA)
Junior Achievement is the world's largest organization dedicated to inspiring
and preparing young people to succeed in a global economy. Through a dedicated
volunteer network, Junior Achievement provides in-school and after-school
programs for students which focus on three key content areas: work readiness,
entrepreneurship, and financial literacy. Today, 126 individual area operations
reach more than four million students in the United States, with an additional
5.7 million students served by operations in 122 other countries worldwide. For
more information, visit www.ja.org.
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