US Representative And Delta Funding Join With Educators, Launch New Program to Help Students Improve Reading Skills

US Representative And Delta Funding Join With Educators, Launch New Program to Help Students Improve Reading Skills

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FAR ROCKAWAY, N.Y.–(BUSINESS WIRE)–Sept. 18, 2002

Representatives of Delta Funding Corporation, (OTCBB: DLTO) including Chairman of the Board Sidney Miller, were joined by United States Representative Gregory W. Meeks (6th C.D) at Benjamin N. Cardozo Middle School (MS 198) to initiate an innovative program to encourage students of the Rockaway, Queens school to read more books.

Dubbed Basketball to Books, the program rewards students who read a predetermined number of books with prizes including certificates from the students’ school as well as tickets to local professional sporting events. The tickets and gifts are contributions from Woodbury, NY based Delta Funding Corporation. The company has also donated two portable basketball hoops and backboards to the school to encourage participation.

Delta was introduced to the school last year when the company’s chairman, Sidney Miller, was Principal for a Day. Miller heard from the school’s principal and from the students themselves about the school’s needs. Soon after, Basketball to Books was born and the new equipment donated to the school.

Delta’s Chief Executive Officer and President Hugh Miller said the company hopes to expand the program to other New York City schools.

“At Delta, we recognize how important education and specifically reading is to success in the working world,” Miller said. “Basketball to Books is an integral part of our continuing efforts to assist those in the communities in which we do business.”

Representative Meeks said, “It is my belief that young people are America’s greatest asset. Delta Funding has implemented a program that will provide a challenge to each student to learn. Reading opens doors, increases the opportunity for creativity and provides adventure with a turn of a page. I commend Delta Funding for challenging the students of MS 198.”

Delta’s Community Affairs Director, Russell Carter said one of the program’s aims is a healthy body and mind. “The program’s key component is the active involvement of parents helping their children achieve their goals,” Carter said. “Parents are being encouraged to help their children maintain reading logs and complete book projects, “Carter said, adding “we know the students love to play, our goal is to help them acquire a love of reading.”

About Delta Funding Corp:

Founded in 1982, Delta Financial Corporation is a Woodbury, New York-based specialty consumer finance company that originates and securitizes non-conforming home equity loans. Delta’s loans are primarily secured by first mortgages on one- to four-family residential properties. Delta originates home equity loans primarily in 20 states. Loans are originated through a network of approximately 1,500 brokers and the Company’s retail offices.

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