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For Immediate release January 30, 1997
Contact Kelly Santos 212-751-6716
and Livia Marotta 212-751-6702



MOVADO CHILDREN'S FOUNDATION
MAKES DONATION TO HUGH DOWNS
TO BENEFIT U.S. COMMITTEE FOR UNICEF


Mr. and Mrs. Gedalio Grinberg present a check to Hugh Downs chair of the U.S. Committee for UNICEF
(from left to right)
Mrs. Gedalio Grinberg, Hugh Downs, Mr. Gedalio Grinberg


New York, NY (January 30, 1997) -- Celebrating the 50th anniversary year of the U.S. Committee for UNICEF, the United Nations Children's Fund, Movado Children's Foundation today presented a contribution of $40,000 to Hugh Downs, chair of the organization. The donation was a result of proceeds made from the sales of a limited edition timepiece designed by noted pop artist, Romero Britto, and manufactured by Movado, the internationally recognized watchmaker. Movado Chairman, Gedalio Grinberg and his wife Sonia, presided over the festivities at the Movado Design Store at Rockerfeller Center, which included a sensational cake replicating the "Children of the World" watch. The funds will help support UNlCEF's efforts to provide lifesaving medicines, vaccines, nutritious foods, primary education, clean water and sanitation, and emergency relief for millions of children and women in more than 140 developing countries.

The watch, introduced in 1994, is a vibrant watch encased in a sculpture, whose shape resembles the Chinese character "Chi," the symbol of human energy. Mr. Britto, who created the timepiece, is a Brazilian artist who often lends his support to humanitarian and environmental organizations, and has a strong commitment to political and social issues.

The watch retails for $1,000 and 100% of the proceeds are donated to children's charities including the U.S. Committee for UNICEF and St. Jude Children's Research Hospital.

The U.S. Committee for UNICEF works for the survival, protection, and development of children worldwide through education, advocacy, and fundraising.

Created in 1947, it is the oldest of 38 national committees in industrialized countries that support UNlCEF's mission. Please call our 1-800-FOR-KIDS for more information about the U.S. Committee for UNICEF or to make donation. All donations are tax-deductible to the extent allowed by law.