Saginaw Future Inc. Receives $25,000 AT&T Foundation Grant

Grant Will Fund Business Attraction and Retention Program for Life Sciences Industries

Saginaw, Michigan, February 24, 2006, Saginaw Future Inc., a public/private alliance of more than 120 local businesses and agencies, today announced that it has received a $25,000 grant from the AT&T Foundation to support local business-development projects and local job creation.

Saginaw Future Inc. will use the grant funds to support activities that help attract medical device and diagnostic equipment firms to Saginaw County. The organization will create printed materials and online content to highlight Saginaw’s uniquely skilled workforce and other important resources for the medical device industry.

"Saginaw Future Inc. helps bring new industries to the area, and with new businesses come new jobs for area citizens" said Gavin Goetz, director of external affairs for AT&T in Saginaw. "AT&T is proud to support its economic development efforts, and we commend the efforts of state Representative Roger Kahn and other lawmakers for fueling economic development around Saginaw"

The grant program supports a long-term Saginaw Future Inc. initiative to diversify the local workforce by bringing new industries to the area. Companies in the medical devices industry typically require that workers be skilled in both technology and manufacturing.

"It is imperative that all business, nonprofit and government leaders continue to create and sustain programs that move our economy forward" said Michigan state Representative Roger Kahn (94th District). "This AT&T Foundation grant puts additional tools in the hands of Saginaw Future Inc. staff to bring new jobs to our community"

The AT&T Foundation — the philanthropic arm of AT&T Inc. (NYSE: T) — has a long-standing relationship with Saginaw Future Inc. The foundation has supported a number of the organization’s successful programs, including the Saginaw County Workforce Development program, a virtual tour program and the development of a computerized Geographic Information System.

"This program will help Saginaw Future Inc. to focus on growing the local life sciences industry" said JoAnn Crary, president and CEO of Saginaw Future Inc. "We are grateful both to Representative Kahn, a champion of Saginaw’s economic development, and to AT&T, for its continued support of our organization"

The new AT&T Foundation, the philanthropic arm of AT&T Inc., supports programs that build communities and improve access to information technologies, technology training and professional skills development. The new AT&T Foundation will provide more than $60 million in 2006 in charitable contributions, thereby, placing it among the top five largest corporate foundations in the country. The new AT&T Foundation combines more than 40 years and $1.7 billion of philanthropic commitment to communities across the country.

About the New AT&T
AT&T Inc. is one of the world’s largest telecommunications holding companies and is the largest in the United States. Operating globally under the AT&T brand, AT&T companies are recognized as the leading worldwide providers of IP-based communications services to business and as leading U.S. providers of high-speed DSL Internet, local and long distance voice, and directory publishing and advertising services. AT&T Inc. holds a 60 percent ownership interest in Cingular Wireless, which is the No. 1 U.S. wireless services provider with more than 54 million wireless customers. Additional information about AT&T Inc. and AT&T products and services is available at www.TheNewATT.com.

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Contact Information

Karen Oddy James

AT&T Inc.

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