NEW YORK, NY--(Marketwire - May 12, 2010) - BNP Paribas is pleased to announce its sponsorship of the 5th annual AMS Pi5NY Math Tournament (pi5ny.com) on Saturday, May 22, in Manhattan. BNP Paribas is once again partnering with the Urban Assembly School of Applied Math and Science, the New York City Department of Education and The Fund for Public Schools to host the largest in-person math tournament in the country with an anticipated attendance of over 750 students from all five of New York's boroughs.
The AMS Pi5NY Math Tournament is not conducted like a typical standardized test. The event, held at the Armory, one of the premier sports venues in New York City, opens with an Olympic-style parade of mathletes. The teams of five then pit their wits and math skills against other teams in their division during a 45-minute competition to answer the most problems correctly. Scores are constantly updated via a real-time scoring system developed specifically for the tournament by The City University of New York while bleachers filled with cheering family and fans help fuel the excitement throughout the day.
Kenneth Baum, Principal of the Urban Assembly School for Applied Math and Science, said, "At a time when education cuts are being made and felt by students, we are so grateful for the help of BNP Paribas. This event has a huge impact on our students, faculty and parents. Our students train very hard for this tournament, so it is genuinely inspiring to see them excel and have so much fun."
Everett Schenk, CEO of BNP Paribas North America, said, "Philanthropic initiatives play a crucial part of the global corporate responsibility policy developed by BNP Paribas and we are honored to help make math cool again. Our employees are excited to volunteer at the practice sessions and for the main event. BNP Paribas looks for ways to give back to the community where we live and work, and helping our youth succeed makes perfect sense."
The 2010 AMS Pi5NY Math Tournament
When: Saturday, May 22, 2010
Where: The Armory, 216 Ft Washington Place (at 168th Street) in Manhattan.
Time: 10:00 a.m. - 1:30 p.m.
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is the Eurozone's leading bank in terms of deposits, and one of the 10 most important banks in the world in terms of net banking income, equity capital and market value. Furthermore, it is one of the 6 strongest banks in the world according to Standard & Poor's. With a presence in 85 countries and more than 205,000 employees, 165,200 of which in Europe, BNP Paribas is a global-scale European leader in financial services. It holds key positions in its three activities: Retail banking, Investment Solutions and Corporate & Investment Banking. The Group benefits from its four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.
About the Urban Assembly School for Applied Math and Science
Applied Math and Science (AMS), an award-winning public school serving grades 6-12 in the South Bronx, strives to prepare all of its students to become compassionate, critical thinkers capable of successful pursuits after high school. The school expects that its graduates will be well-prepared for college study and that they will be equipped with the skills to make solid career choices. From individual and group explorations into math and science-based projects to dynamic internships, AMS is a simultaneously compelling, rigorous, supportive, and fun college-preparatory school.
About The Fund for Public Schools
The Fund for Public Schools is dedicated to improving New York City's public schools by attracting private investment in school reform and encouraging greater involvement by all New Yorkers in the education of our children. The Fund plays a pivotal role in improving public education in New York City by strengthening the New York City Department of Education's relationship with the private sector, securing funding for critical education reform initiatives, helping businesses to create partnerships and programs that support city schools, and raising public awareness about the public schools. The Fund is a 501(c)(3) nonprofit organization. For more information about The Fund for Public Schools, visit www.fundforpublicschools.org.
Contact Information:
Press Contacts:
Edwina Frawley-Gangahar
BNP Paribas
Media Relations
New York
212-841-3719