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11 July 2004, 09:41 am
Team Parker/Vectrix Wins
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Shake-A-Leg Wall Street And Corporate Challenge Cup
Newport, Rhode Island

Yesterday, Saturday 10 July, for the second straight year PARKER/VECTRIX have won Shake-A-Leg's Wall Street and Corporate Challenge Cup (WSCCC).
Held July 9-10 in Newport, R.I, the 13th annual event brought together business leaders for two unforgettable days of racing aboard the legendary America's Cup 12 Meter yachts and raised a record $300,000 to support Shake-A-Leg-Newport's programs for people with spinal cord injuries and nervous system dysfunction. Spectacular sunny skies and warm, 10-15 knot breezes challenged competitors on the racecourse, located just North of the Newport Bridge.

"We are so thrilled to win two years in a row," said Lorrie CRUM, vice president of corporate communications for Parker Hannifin, a company that, with Vectrix, creates fuel cell, electric-hybrid scooters. The team was comprised of employees from Parker Hannifin Corporation of Cleveland, Ohio and Vectrix, Inc. of Newport, R.I. "As a company that is about motion and control and supporting abilities, it is our honor and privilege to contribute this way."

Eight corporate teams consisted of up to 10 members of the 14-person 12-Meter crew. In addition, each boat had top sailors from Shake-A-Leg's adaptive sailing program. PARKER/VECTRIX relied upon their team's strategist, veteran's America's Cup sailor Andy MACGOWAN, CEO of Vectrix, to keep their boat in the lead.

"Andy probably knows more about sailing than anyone here and we're lucky to have him on our team," said Crum. "After today's final race I told him that I'll never sail against him or without him again!"

Second place went to GLENCOE GROUP, which made its debut at this year's WSCCC. BEAR STEARNS (New York, N.Y.) who was in last place after the first day of racing, came back to capture third place overall.

The fourth-place team was MBIA, which included the regatta's honorary chairman Gary DUNTON (Armonk, N.Y.), president and chief executive officer of MBIA, and Paul CALLAHAN (Providence/Newport, R.I.) chairman and CEO of Shake-A-Leg-Newport and a member of the 2000 U.S. Paralympic Sailing Team.

"The real mover and shaker for this year's event was Gary DUNTON," said Larry GADSBY, Shake-A-Leg Newport's Chief Operations Officer and producer of the WSCCC. "Gary and his staff inspired eight new companies to participate this year. We are indebted to his generosity of spirit and hard work!"

Rounding out the fleet was fifth-place KBC FINANCIAL PRODUCTS (New York, N.Y.), sixth-place LATHAM & WATKINS/PROSKAUER ROSE (New York, N.Y.), seventh-place MELLON FINANCIAL CORP (Boston, Mass.), and eighth-place DEBEVOISE & PLIMPTON (New York, N.Y.).

Village Road Show, based in Australia, contributed to the event but was unable to participate.

The races were headquartered at the Newport Shipyard, while social activities took place at the Hyatt Regency-Newport. Arlen Corporation (Providence, R.I.) sponsored the Awards Ceremony. Other sponsors are The Market-Newport, Prudential Securities, Quinnipiac University and other local business and individuals.

About Shake-A-Leg

Shake-A-Leg is a non-profit 501 (c)(3) organization, the mission of which is to assist its participants to become all they can be in education, work place and quality-of-life pursuits. Shake-A-Leg utilizes Salve Regina University and Fort Adams State Park facilities for its adult and teen rehabilitation services, as well as the Confidence is Cool Camp for youngsters.

Shake-A-Leg's internationally recognized adaptive sailing program is located at Fort Adams and provides recreational, instructional and competitive sailing opportunities for those who wish to build confidence.
Dana Paxton (Amended by ISAF Secretariat)
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