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7 Leading Industry Associations Join Forces To Address Confl

Seven of the largest industry associations collaborate with Source Intelligence and Schulte Roth

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7 Leading Industry Associations Join Forces To Address Confl

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  1. 7 Leading Industry Associations Join Forces To Address Conflict Minerals Compliance Seven of the largest industry associations collaborate with Source Intelligence and Schulte Roth &Zabel LLP to launch the first cross-industry resource center, addressing the SEC’s Conflict Minerals compliance regulation. Washington, DC, January 21, 2014 - Seven of the world’s largest industry associations collaborate with Source Intelligence and Schulte Roth & Zabel LLP to launch the first cross-industry trainingand resource center, addressing the Securities and Exchange Commission’s (SEC) Conflict Mineralscompliance regulation. Source Intelligence has developed the Conflict Minerals Resource Center(CMRC) to support over 15,000 member companies who collectively generate over $3 trillion(USD) in GDP and hundreds of thousands of U.S. jobs. Key representatives from the American Apparel & Footwear Association (AAFA), the FashionJewelry and Accessories Trade Association (FJATA), the National Association of Manufacturers(NAM), the National Electrical Manufacturers Association (NEMA), the National Retail Federation(NRF), the Toy Industry Association (TIA) and the United States Fashion Industry Association(USFIA) worked with Source Intelligence and Schulte Roth & Zabel to align training and resourcecenter priorities to provide member companies with the information they need to comply with theSEC regulation. The goal of the joint initiative is to deploy easy-to-use Conflict Minerals compliance tools acrossthe seven industry associations. By providing the member companies and their vendors andcontractors with the information and resources needed to meet the compliance requirements, allplayers along the supply chain can spend less time navigating policy, and more time producing theproducts and services that generate economic growth and jobs. These tools will help companies understand the complicated requirements of the regulation, recognizing that it is the responsibility of individual companies to identify their specific complianceobligations and handle the real challenges that remain as they design their own programs. On August 22, 2012, the SEC adopted a final rule to implement Section 1502 of the Dodd-FrankWall Street Reform and Consumer Protection Act (Dodd-Frank). The rule requires publicly-heldcompanies to disclose whether their products contain conflict minerals as defined by the law: tin,tantalum, tungsten or gold (3TG) originating from the Democratic Republic of the Congo (DRC)and specific adjoining countries. The first report, covering calendar year 2013, is due to the SEC by May 31, 2014. The SEC andGovernment Accountability Office estimate that approximately 6,000 issuers and 280,000 non-issuer companies will be directly or indirectly impacted by the rule. “Source Intelligence is honored to be entrusted with providing the nation’s leading manufacturing and retail companies with the most complete resource for managing conflict minerals compliance,” commented Jess Kraus, CEO and co-founder of Source Intelligence. “Our market leadership servicing global brands has enabled us to build the largest network of suppliersin the world. Source Intelligence and Schulte Roth & Zabel, the premier law firm in conflict mineral

  2. compliance, are combining our experience, best practices and resource libraries to provide acomprehensive training and resource center to inform and educate companies in these vitalindustries.” Access the conflict minerals training and resource center by registering today at http://conflictmineralsresources.com About the Associations Representing more than 1,000 world famous name brands, the American Apparel & Footwear Association (AAFA) is the trusted public policy and political voice of the apparel and footwear industry, its management and shareholders, its four million U.S. workers, and its contribution of$350 billion in annual U.S. retail sales. The Fashion Jewelry & Accessories Trade Association represents the interests of manufacturers, suppliers and retailers of jewelry and accessories. With more than 225 member brands, FJATA serves as the key voice on industry issues to state, federal, and international regulatory agencies,and actively promotes industry safety and compliance initiatives. Our members comprise a highlydynamic and competitive segment of the fashion industry, providing jewelry and accessories toadults and children worldwide. The National Association of Manufacturers (NAM) is the largest manufacturing association in theUnited States, representing small and large manufacturers in every industrial sector and in all 50states. Manufacturing employs nearly 12 million men and women, contributes more than $1.8trillion to the U.S. economy annually, has the largest economic impact of any major sector andaccounts for two-thirds of private-sector research and development. The National Electrical Manufacturers Association (NEMA) is the association of electrical equipmentand medical imaging manufacturers. Founded in 1926 and headquartered in Rosslyn, Virginia, its400-plus member companies manufacture a diverse set of products used in the generation,transmission, distribution, and end use of electricity as well as medical diagnostic imaging.Worldwide annual sales of products in the NEMA scope exceed $140 billion. The National Retail Federation (NRF) is the world’s largest retail trade association, representingdiscount and department stores, home goods and specialty stores, Main Street merchants,grocers, wholesalers, chain restaurants and Internet retailers from the United States and morethan 45 countries. Retail is the nation’s largest private sector employer, supporting one in fourU.S. jobs - 42 million working Americans. Contributing $2.5 trillion to annual GDP, retail is a dailybarometer for the nation’s economy. NRF’s This is Retail campaign highlights the industry’sopportunities for life-long careers, how retailers strengthen communities, and the critical role thatretail plays in driving innovation. www.nrf.com Toy Industry Association™, Inc. (TIA) is the not-for-profit trade association representing all businesses involved in creating, producing and delivering toys and youth entertainment productsfor kids of all ages. The Association represents more than 600 companies that collectively accountfor approximately 85% of domestic toy sales. Toy safety is the number one priority for the toyindustry. TIA has a long history of leadership in toy safety including the development of the firstcomprehensive toy safety standard more than 30 years ago, and working with government,consumers and industry on ongoing programs to ensure safe and fun play. The United States Fashion Industry Association (USFIA) represents the fashion industry: textileand apparel brands, retailers, importers, and wholesalers based in the United States and doingbusiness globally. Founded in 1989 as the United States Association of Importers of Textiles &Apparel with the goal of eliminating the global apparel quota system, USFIA now works toeliminate the tariff and non-tariff barriers that impede the industry’s ability to trade freely andcreate economic opportunities in the United States and abroad.

  3. About the Contract Award Winners About Schulte Roth & Zabel LLP (www.srz.com): Schulte Roth & Zabel ("SRZ") is a full-service law firm with offices in New York, Washington, D.C.and London. The firm's practices include investment management; regulatory & compliance; bankregulatory; business reorganization; distressed investing; employment & employee benefits;environmental; finance; individual client services; intellectual property, sourcing & technology;litigation; mergers & acquisitions; real estate; securities & capital markets; structured products &derivatives; and tax. SRZ is a leader in global conflict minerals compliance. The firm is actively advising public andprivate companies and trade associations across a wide range of industries and throughout thesupply chain on conflict minerals compliance. As part of its leadership in this area, SRZ haspublished more articles, Alerts and White Papers, participated in more programs and been quotedin the press significantly more than any other law firm. SRZ is also the only law firm with anAdvanced Conflict Minerals Rule Compliance webinar series. This ongoing series features third-party experts and thought-leaders from across the compliance spectrum, including from theupstream, downstream, trade association, NGO, governmental and investor communities. SRZ'sconflict minerals practice is part of its global public companies practice, which is headed by NewYork-based partner Michael R. Littenberg. About Source Intelligence® (www.sourceintelligence.com): Source Intelligence® is an information knowledge company that helps customers make informeddecisions about business partners to offer products that meet legal, ethical, and environmentalstandards. Our cloud-based information and analytics platform provides customers with visibilityinto product supply chains and material sources in order to comply with the law, minimizeoperational and brand risk, and improve efficiency. As a leading provider of conflict minerals compliance programs, Source Intelligence protects customers’ interests with private industry’s largest network of suppliers, a platform to manage and connect business partners, and a portfolio of compliance programs for all regulated materials.Founded in 2009 by career experts in environmental solutions, management consulting andanalytics, Source Intelligence® has headquarters in Carlsbad, California and operations aroundthe world. Contact: Lina Ramos Source Intelligence 1921 Palomar Oaks Way, Ste 205Carlsbad, CA 92008 (877) 916 6337 lramos@sourceintelligence.comhttp://sourceintelligence.com ###

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