FOR IMMEDIATE RELEASE 

Contact:   Elissa Ruffino (NIAF) 202/939-3106 or elissa@niaf.org

(WASHINGTON, DC – September 27, 2005) Paul S. Otellini, president and CEO of Intel Corporation, the world’s largest chip maker and a bellwether stock of the technology industry, (pictured below) will receive the National Italian American Foundation (NIAF) Special Achievement Award in Business at the Foundation’s 30th Anniversary Awards Gala, Saturday evening, October 15 at the Hilton Washington & Towers, Washington, D.C. The gala begins with a 6 p.m. reception followed by dinner at 7 p.m.

The NIAF Gala is one of the premier annual events in Washington, D.C. attracting more than 3,000 people from throughout the country and abroad. During the gala, Michelle Peluso; president and CEO of Travelocity, will also receive the NIAF Special Achievement Award in Business. General Peter Pace, the next chairman of the Joint Chiefs of Staff will receive the NIAF Special Achievement Award for Military Service. Ambassador Peter F. Secchia chairman of the board at Universal Forest Products Inc. and managing partner of SIBSCO LLC, will receive the NIAF Special Achievement Award for International Affairs.

Actors Danny Aiello, Maria Bello, Dennis Farina, and Antonio Sabato, Jr. and singers Jay Black and Natalie Merchant, will join prominent Italian American leaders in business, sports, and the arts at the gala. Popular entertainer Tony Danza will be the M.C. The dinner chair is Joseph J. Plumeri, Willis Group Holdings chairman and CEO.

Thirty-one years ago, Mr. Otellini joined Intel and in May of this year, he became the company’s fifth CEO. He previously served as Intel’s president and chief operating officer, positions he held since 2002, the same year he was elected to Intel’s board of directors. Mr. Otellini has held a number of other positions during his career. From 1998 to 2002, he was executive vice president and general manager of the Intel Architecture Group, responsible for the company’s microprocessor and chipset businesses and strategies for desktop, mobile, and enterprise computing. From 1992 to 1998, Mr. Otellini served as executive vice president of the Sales and Marketing Group. Previously, he served as general manager of the Microprocessor Products Group, leading the introduction of the Pentium® microprocessor that followed in 1993. He also managed Intel’s business with IBM Corporation, served as general manager of the Peripheral Components Operation and the Folsom Microcomputer Division, where he was responsible for the company’s chipset operations. Mr. Otellini received a bachelor’s degree in economics from the University of San Francisco, and an MBA from the University of California, Berkeley.

Dinner tickets begin at $400 per person. Attire: Black tie. Proceeds will benefit the NIAF Scholarship and Education Programs. For tickets or sponsor information, contact: Bonni Cellini at 202/939-3114 or bonni@niaf.org or register on-line at www.niaf.org.

The NIAF is a non-profit, non-partisan foundation dedicated to promoting the contributions of Italian Americans. The Foundation has a wide-range of programs that provide scholarships and grants, conferences and cultural seminars. Visit our website at www.niaf.org.