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REAL ESTATE DEVELOPER JACK MYERS ESTABLISHES $100,000 SCHOLARSHIP ENDOWMENT AT THE SHIDLER COLLEGE OF BUSINESS

(Honolulu, Hawaiʻi) — The University of Hawaiʻi Foundation is proud to announce the establishment of the Jack and Zelie Myers Scholarship Fund, a $100,000 endowed scholarships at the University of Hawaiʻi at Mānoa Shidler College of Business. The initial $50,000 gift from the Myers will be matched with funds from Jay Shidler’s $25 million gift, increasing the total value to $100,000.

"We are extremely grateful to the Myers for their investment in our students and our future," said V. Vance Roley, Dean of the Shidler College of Business. "Both Jack and Zelie are great examples of how alumni can make a difference in the lives of students. This scholarship will attract quality students in all areas of business and will ensure that perpetual resources are available for the next generation of leaders."

"With this gift, Jack and Zelie Myers emphasize their strong commitment to providing opportunities for UH Mānoa students, who are Hawaii’s future business leaders," said Mānoa Chancellor Virginia S. Hinshaw. "We are truly grateful for the difference their support makes in the lives of our students."

"Zelie and I greatly appreciate the special role the University of Hawaiʻi has played in shaping our lives and values," said Jack Myers, "We feel fortunate to have had such a unique educational experience. It’s our sincere pleasure to be able to give a little something back to ensure that other students might have the same opportunity."

Jack Myers, a native of South Dakota, attended the University of Hawaiʻi at Mānoa in 1967 majoring in Business Management. He graduated with a Bachelor in Business Administration in 1970.

After several years in Honolulu real estate, Myers formed his own company in 1974 and redirected his focus to real property development. Through a variety of business and joint ventures, Myers developed The Waikiki Trade Center, Bluestone residential complex, Hawaiʻi Prince Hotel, The Prince Golf Club, Kamehameha Industrial Center, First Hawaiian Center and One Archer Lane from 1978 to 1998.

In 1996, Myers began evaluating business opportunities on the mainland and particularly in San Francisco. A decision was made to move his company’s principal operation to the Bay Area, while continuing to maintain an office in Honolulu.

Currently the chairman and CEO of Myers Development Company, Myers has developed over a million square feet of office space and 350 residential units in San Francisco, and is currently underway with the company’s most ambitious office development, Centennial Towers—a $300 million office development on the North Peninsula of San Francisco.

The Myers have a long history of support at the University of Hawaiʻi as lifetime President’s Club members. In 1998, Myers was inducted into the College’s Hall of Honor. His wife, Zelie was born on Maui and attended Seabury Hall and the University of Hawaiʻi. She received her MBA in 1983. The Myers have four children.

About the Shidler College of Business at the University of Hawaiʻi at Mānoa Established in 1949 as the College of Business Administration, the College was named in 2006 after alumnus Jay H. Shidler, founder and managing partner of The Shidler Group. The Shidler College of Business is renowned for its expertise in international management education and is consistently ranked among the nation’s top 25 graduate schools for international business by U.S. News & World Report. Long recognized for its Asia-Pacific focus, the College is a professional school, offering a wide variety of degree, certificate and executive programs. The College places a strong emphasis on the development of management skills, entrepreneurship and the management of business information technology. The UH Shidler College of Business is the only graduate program in the State of Hawaiʻi accredited by AACSB International. For more information, visit www.shidler.hawaii.edu.

About the University of Hawaiʻi Foundation The University of Hawaiʻi Foundation is an independent, university-related, nonprofit organization whose purpose is to raise private funds according to priorities determined by the academic leadership of the University of Hawaiʻi and approved by the Board of Regents. Founded in 1955, the Foundation provides a full range of fund raising and alumni relations services for all 10 UH campuses. For more information on the Foundation, visit www.uhf.hawaii.edu.