Mexico City, May 3, 2006: As a result of a dynamic partnership between Laureate International Universities, the International Youth Foundation (IYF), and the Universidad del Valle de Mexico (UVM) — three organizations that share a common commitment to supporting social development projects led by Mexican youth — the PREMIO UVM por el Desarrollo Social (the UVM Prize for Social Development) was officially launched today at a ceremony at UVM's corporate offices in Mexico City. 140 leaders from the education, business, government, and civil sectors attended the launching event. The PREMIO UVM is the Mexico-based project of the International Youth Foundation's global youth leadership initiative, YouthActionNet. "We believe we have created a successful global program that is reaching a growing number of young people and having a positive impact on young lives," said William Reese, President and CEO of the International Youth Foundation. "Now, the next step is to take those lessons and experiences and expand them at the national level, and we are particularly pleased that this first leadership institute is located here at UVM." The Universidad del Valle de Mexico was selected to champion YouthActionNet's expansion in Mexico due to its position as a leading member of the Laureate International Universities network and as an institution with vast experience in social development programs. "At Laureate, we believe in the power of education to transform the lives of our students and their families and communities where we operate," said Douglas Becker, CEO and Chairman of Laureate Education, Inc. and co-founder of the Sylvan/Laureate Foundation. "I am confident that the PREMIO UVM will strengthen the leadership skills of finalists, enhance the lives of program beneficiaries in Mexico, and create a model to be successfully replicated throughout our network." With a vision of strengthening the commitment of Mexican youth to create positive social change, the UVM Program will identify and support social enterprise projects led by Mexican youth, ages 18 to 29. The 15 award recipients selected annually will receive: A stipend of $2,000 for their organization and/or project; Two specialized training workshops focused on the successful administration of social projects; Mentoring and technical support for their project; and recognition at a final awards ceremony in November. Funding for this program is provided by the Sylvan/Laureate Foundation and UVM. The deadline for applications for the first round of awards is July 21, 2006, with final selections announced on August 20, 2006. For more information, please visit: http://www.premiouvm.org.mx or contact Chris Symanoskie at firstname.lastname@example.org/410 843-6394. About the International Youth Foundation Founded in 1990, the International Youth Foundation is dedicated to supporting programs that improve the conditions and prospects for young people where they live, learn, work, and play. Currently operating in 70 countries and territories, IYF and its partners have helped millions of young people gain the skills, training, and opportunities critical to their success. To learn more, visit: www.iyfnet.org. About YouthActionNet Launched by the International Youth Foundation (IYF) and Nokia in 2001, YouthActionNet promotes and strengthens the role of today's youth leaders. Through a dynamic website, awards programs, advocacy, training, and networking opportunities, YouthActionNet offers young leaders ideas, resources, and connections to like minds around the world. For further information, visit: www.youthactionnet.org. About the Sylvan/Laureate Foundation Established in June, 1997, the mission of the Sylvan/Laureate Foundation, broadly defined, is to seek and support the best practices in education and training. The Sylvan/Laureate Foundation is supporting the expansion of IYF's YouthActionNet's leadership development initiatives through launching the first YouthActionNet Institute in Mexico. Please visit www.laureate.net. About the Universidad del Valle de Mexico Founded in 1960, the Universidad del Valle de Mexico (UVM) has more than 60,000 students and 23 campuses. In a recent survey conducted by Readers Digest, UVM ranked as one of the top ten private universities in Mexico. For more information, please visit: www.uvmnet.edu.