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Office Depot’s Patricia Morrison, Chief Information Officer Joins Enterprise Development Corporation Board of Directors
Posted: 9/16/2002

Posted By: EDC Contact: Chris Kennelly
Phone: 561-620-8494 Email: ckennelly@edc-tech.org

Delray Beach, FL – September 16, 2002 - The Enterprise Development Corporation (EDC), a public/private partnership specializing in providing strategic business development services to emerging science and technology companies, announced today that Patricia Morrison, Executive Vice President and Chief Information Officer from Office Depot has joined its Board of Directors.

Commenting on her new appointment Ms. Morrison said, “I’m thrilled to join EDC’s Board of Directors. Office Depot shares EDC’s commitment to providing knowledge and support to small businesses in South Florida. Small businesses are extremely important to Office Depot; I am pleased to be able to assist and contribute to the continued success of this wonderful organization.”

“EDC is pleased to have someone of Patty’s caliber and experience join our Board of Directors,” stated Jane Teague, Executive Director, EDC. “Patty’s insight and experience in the use of technology will be a tremendous asset to EDC and supports our mission of providing the resources that South Florida businesses need to grow and flourish in today’s marketplace.”

Patricia Morrison joined Office Depot in 2001. Before joining Office Depot, Morrison was Chief Information Officer for Quaker Oats Company and prior to that she was Chief Information Officer for General Electric Company’s $6 billion subsidiary, GE Industrial Systems. Ms. Morrison, age 43, is a graduate of Miami University of Ohio.

About Office Depot
No one sells more office products to more customers in more countries through more channels than Office Depot. As the largest seller of office products around the world, the Company operates under the Office Depotâ, Viking Office Productsâ, Viking Directâ and 4Sure.comâ brand names. As of June 29, 2002, Office Depot operated 853 office supply superstores in the United States and Canada, in addition to a national business-to-business delivery network supported by 24 delivery centers, more than 60 local sales offices and 13 regional call centers. Furthermore, the Company sells products and services in 19 countries outside of the United States and Canada, including 32 office supply stores in France and 12 in Japan that are owned and operated by the Company; and 110 additional office supply stores under joint venture and licensing agreements operating under the Office Depot name in five foreign countries.

The Company operates an award-winning U.S. Office Depot brand Web site at www.officedepot.com where customers can access Office Depot’s low competitive prices seven days a week, twenty-four hours a day, as well as a new Web site that targets the school supply market at www.school.com. The Company also operates eighteen additional Web sites, under the Office Depot and Viking Office Products names, in the U.S. and eleven countries including: Austria, Australia, Belgium, Canada, France, Japan, Germany, Ireland, Italy, the Netherlands and the United Kingdom.
Office Depot’s common stock is traded on the New York Stock Exchange under the symbol ODP and is included in the S&P 500 Index.

About EDC
Founded in 1994 as a public/private partnership, EDC provides strategic business development assistance to emerging science and technology-based companies in South Florida. EDC offers expertise in new product commercialization, business strategy development and implementation, technology transfer, strategic alliances and preparing emerging companies to raise capital funds. Since its founding, EDC has provided expert hands-on business assistance to over 71 companies. EDC has also helped companies to raise over $75.6 million in financing, create over 163 new products, and create 4,944 new jobs. Its overall economic impact is in excess of $98 million to South Florida’s economy. For more information, visit www.edc-tech.org, or contact Jane Teague, Executive Director, at jteague@edc-tech.org, call 561-620-8494 ext.15, or write her at Enterprise Development Corporation, 3701 FAU Boulevard, Suite 210, Boca Raton, FL 33431.







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