Young Brothers, Ltd. / Hawaiian Tug & Barge and Maui Petroleum and Hawaii Petroleum Give $150,000 to Shidler College of Business

Gift Provides Scholarships for the Neighbor Island MBA Program

HONOLULU — The University of Hawai‘i at Mānoa Shidler College of Business has received a gift of $150,000 from Young Brothers, Ltd./Hawaiian Tug & Barge and Maui Petroleum and Hawaii Petroleum, subsidiaries of Saltchuk, to assist students participating in the Neighbor Island MBA (NIMBA) program. The presentation was made on Maui on Monday, May 12.

“We are extremely grateful for Young Brothers/Hawaiian Tug & Barge and Maui Petroleum and HawaiiPetroleum for their scholarship support,” said V. Vance Roley, Dean of the UHM Shidler College ofBusiness. “In 2006, Young Brothers donated $120,000 to assist students participating in the Neighbor Island MBA program. With the additional support from Young Brothers and Maui Petroleum and HawaiiPetroleum companies, the College will be able to continue attracting quality students living and working on the Neighbor Islands.”

“We are committed to supporting the development of business professionals on the Neighbor Islands,” said Young Brothers and Hawaiian Tug & Barge President Glenn Hong. “We believe the Neighbor IslandMBA program will transform lives and inspire young professionals to take on leadership roles in their communities.” "Our businesses operate on the islands of Maui and Hawai‘i, and we are very excited and proud to suppor tthe Neighbor Island MBA program,” said Kimo Haynes, president of Maui Petroleum and HawaiiPetroleum, and Minit Stop. “I believe education is the great equalizer when it comes to career opportunities, and this is a great chance for students that live in our communities to further their education."

In 2006, the NIMBA Young Brothers / Hawaiian Tug & Barge Scholarship Fund provided approximately 10 scholarships to students participating in the Neighbor Island MBA program. Scholarship recipientsmust be Neighbor Island residents and will be chosen based on their grade point average and financial need.

The Neighbor Island MBA program is a three-year, part-time, AACSB-accredited MBA program gearedtoward individuals who have shown leadership or management potential. The goal of the program is to provide participants with a competitive edge in analytical, human resource and decision-making skills for a managerial position within today's dynamic global economy. The NIMBA program enables students toexpand their business perspectives, build professional networks and earn their MBA degrees—all without leaving home. For more information on the NIMBA program please visit: www.shidler.hawaii.edu/nimba.

(From l-r) Neighbor Island MBA scholarship recipients from Maui Derek Masaki, Kit Okazaki and Wayne Axelson are pictured with Kimo Haynes, president of Hawaii Petroleum, Inc. and Maui Petroleum, Inc., Glenn Hong, president of Young Brothers, Ltd./Hawaiian Tug & Barge and Shidler College of Business Dean V. Vance Roley.

About the Young Brothers, Ltd. and Hawaiian Tug & Barge
Young Brothers, Limited, founded in 1900, provides inter-island cargo service throughout the State of Hawai‘i with ports in Honolulu, Maui, Moloka‘i, Lāna‘i, Nāwiliwili, Hilo and Kawaihae. Hawaiian Tug & Barge provides contract towing service, ship assists, barge charters and related marine services throughout the Hawaiian Islands.Visit Young Brothers at http://www.youngbrothershawaii.com.

About Maui Petroleum and Hawaii Petroleum
Maui Petroleum and Hawaii Petroleum are the leading independent distributors of petroleum products and lubricants on the islands of Maui and Hawai‘i. Maui Petroleum has been serving customers on Maui since 1974, and Hawaii Petroleum has been serving Big Island customers since 1999. Both companies offer direct delivery of fuel and lubricants to gas stations, commercial businesses, construction companies, and government agencies. In addition, direct distribution of gasoline and diesel is made available to fleets and individual end users via the Hawaii Fueling Network (HFN) program.

About the Shidler College of Business at the University of Hawai‘i 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 ranked among the nation's top 25 graduate schools for international business by U.S.News & World Report in 2008. 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 as trong 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 Hawai‘iaccredited by AACSB International. For more information, visit www.shidler.hawaii.edu