LIBRA GROUP LAUNCHES INTERNATIONAL INTERNSHIP PROGRAM

Global Conglomerate Partners with The American College of Greece to Provide Unique Opportunities for Students

NEW YORK – September 28, 2011 – The Libra Group, a privately owned global conglomerate has announced the launch of its International Internship Program for a select 20 students per annum to be run in cooperation with The American College of Greece (ACG).  The program will initially select up to 10 ACG students who will participate in an ACG coordinated study-abroad program in either the US or Europe, followed by an internship with Libra Group and its subsidiaries around the world.  The program launches in January 2012, with more students to follow in the second phase.

“The Libra Group is a young and dynamic organization which has experienced significant growth over the past decade,” said George Logothetis, Chairman and CEO of the Libra Group.  “We are pleased to be able to launch a global internship program which will provide opportunities for students to learn about our businesses, strategy and management philosophy while they further develop the skills that will ensure their future success. We fully expect to expand the scope and scale of the program in the years to come.”

The internships will post students with Libra Group subsidiaries which primarily span shipping, aviation, hospitality, real estate and renewable energy. Interns will be based at one of the group’s 18 key international locations, which include New York, Miami, London, Athens, Beijing and Buenos Aires. The internships will include an allowance towards transportation and living expenses for the students selected.

Commenting on the launch of the program, President David Horner of The American College of Greece stated:  “We are very excited about the Libra Internship Program, as it provides our students a singular example of study and work integration while enriching the learning experience.  It also serves as a distinctive expression of the College’s sustained commitment to experiential learning.  Our students will gain invaluable work experience at one of the world’s most successful global conglomerates and the study-abroad opportunity will expose them to new models of learning to bolster their skill set and engender meaningful global perspective.  We are grateful to the Libra Group for their generous support and believe the students participating in the program will return to Greece to share their experiences with their peers, in the classroom and in the workplace making them agents of change in a global economy.  The knowledge they gain will serve them well throughout their lives.”

“Given the significant economic challenges that Greece is facing, I believe that those of us with Greek origins have a duty to assist in any way we can,” added Mr. Logothetis.  “The aim of our internships is to provide a real-life program for students to get involved in a wide variety of businesses in global economic centers and use that experience to build their careers and benefit their communities.”

The American College of Greece is a partner in the Libra Group’s global internship program that will provide work experience for ACG students.  The College program launches in Spring 2012, initially selecting 10 students for study abroad and work placement. An additional 10 participants per annum will be selected for summer internships through a partnership with The Greek America Foundation (www.greekamerica.org) commencing in Summer 2012.

Enrolment details are available from The American College of Greece at www.acg.edu/ libra-internship.  Full details of the program are available on www.librainternship.com

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About Libra Group

The Libra Group (www.libra.com) is a privately owned conglomerate undertaking strategic investment around the globe.  The group was created in 2003 as a holding company for the diversified business interests of the Logothetis family.  Today, the Libra Group has 18 offices across four continents and its operating subsidiaries are focused principally on aviation, shipping, real estate, hospitality and renewable energy.

About The American College of Greece

Founded in 1875, The American College of Greece (www.acg.edu) offers a distinctive academic ethos rooted in American higher education best practices serving a community of 4,000 students from 55 countries. The College is committed to extending educational opportunities to qualified students of diverse backgrounds.  ACG , dedicated to teaching, scholarship and service, cultivate a rich intellectual campus environment, serve numerous external constituencies and contribute to their professional disciplines. Through undergraduate and graduate curricula in the liberal arts and sciences, business and selected professions, as well as through its co-curricular programs, the College enables students to define and pursue their educational and professional goals, develop as critical and creative thinkers and socially aware individuals and prepare for lives of reflection as well as responsible civic engagement in a complex, global world.

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