ADVISORY, Dec. 28, 2010 (GLOBE NEWSWIRE) --
Jericho Project will visit the NASDAQ MarketSite in New York City's Times Square.
In honor of the occasion, Michelle Weiss, Director of Veterans Services, will ring the NASDAQ Opening Bell.
NASDAQ MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio
Wednesday, December 29th, 2010 at 9:15 a.m. to 9:30 a.m. ET
The Opening Bell is available from 9:20 a.m. to 9:35 a.m. on AMC3 / C22, 87 degrees West, downlink frequency 4140 vertical. The feed can also be found on Ascent fiber 1623. If you have any questions, please contact Robert Madden at (646) 441-5045.
An audio transmission of the Opening Bell is also available from 9:20 a.m. to 9:35 a.m. on uplink IA6 C band / transponder 24, downlink frequency 4180 horizontal. The feed can be found on Ascent fiber 1623 as well.
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A live webcast of the NASDAQ Opening Bell will be available at: http://www.nasdaq.com/about/marketsitetowervideo.asx
To obtain a hi-resolution photograph of the Market Open, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market open of your choice.
About Jericho Project:
For over two decades, Jericho Project has worked to fulfill its mission to end homelessness at its roots by creating a community that inspires individual change, fosters sustainable independence, and motivates men and women to reach their greatest potential. As a result, Jericho provides safe, affordable housing coupled with individualized substance abuse prevention counseling, family support, and intensive vocational and educational programming. Jericho Project is currently undergoing an unprecedented organizational growth that will enable the agency to provide supportive housing to an increased number of New Yorkers in need, particularly homeless veterans and families. Jericho owns and operates one congregate residence in Central Harlem and four in the Bronx, which provide 174 single room occupancy units with shared kitchens and bathrooms and 79 small studio apartments. It also manages a 110-unit Supportive Apartment Program that provides housing and its full-range of support services through apartments rented from private landlords.
The Supportive Apartment program has grown tremendously — from 27 units in 2008 to its current 110 units — and now provides supportive apartments to 35 homeless individuals with histories of chronic substance abuse, 45 homeless veterans and their families, and 30 homeless families in crisis.
Jericho has begun construction with two new congregate residences that will provide 132 units of supportive housing to homeless and low-income veterans by 2011. Both veterans' residences will be state-of-the-art buildings that will feature small studio apartments, staff offices, community rooms, computer labs, and gardens and will be LEED certified — one of the highest green building certifications. At both, 60% of the units will be set aside for veterans who have a history of homelessness and substance abuse, and 40% will be for low-income veterans from the community, with priority given to veterans returning from the wars in Iraq and Afghanistan.
Jericho Project provides all of its supportive housing and services at a fraction of the economic and social cost of the alternatives — only $14,500 per year per unit at Jericho, compared to $25,000 for a cot in a New York City shelter and $67,000 for a City jail cell.
About NASDAQ OMX:
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with approximately 3,600 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visithttp://www.nasdaqomx.com. Please follow NASDAQ OMX on Facebook (http://www.facebook.com/nasdaqomx) and Twitter (http://www.twitter.com/nasdaqomx).
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