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Investment Banker Malcolmn Pryor Elected to Fox Chase Cancer Center Board

PHILADELPHIA (May 5, 1999) -- Malcolmn D. Pryor of Villanova, Pa., chairman of Pryor, McClendon, Counts & Co. Inc. and chairman of Pryor & Company, LLC, in Philadelphia, has been elected to the board of directors of Fox Chase Cancer Center.

Pryor will serve on the board's strategic planning committee. He will also help promote the Center's $38 million campaign to add new programs in cancer-prevention research as part of the Center's mission to reduce the burden of human cancer. The ongoing campaign includes construction of a Prevention Pavilion to house Fox Chase's comprehensive prevention initiative, known as the Research Institute for Cancer Prevention.

After experience with major financial institutions, Pryor joined the Philadelphia Stock Exchange in 1981 and founded the investment-banking firm of Pryor, Govan, Counts & Co. Inc. The firm played a leading role in numerous Philadelphia city bond sales, including serving as senior manager of a $20 million bond sale for the Philadelphia Hospital and Higher Education Facilities Authority.

Following the 1989 merger with R. J. McClendon Capital Corp., the firm became Pryor, McClendon Counts & Co. Inc. Today it is one of the nation's largest African American-owned investment banking firm with six offices throughout the United Sates. The company's underwriting volumes total more than $40 billion in municipal finance and nearly $9 billion in structured finance.

Pryor received the Whitney M. Young Jr. Leadership Award from the Urban League of Philadelphia in 1993. That year, he was also a member of a delegation of African American business people who accompanied the late Secretary of Commerce Ron Brown on an investment and trade mission to South Africa.

In 1998, Pryor was appointed to the board of directors of the newly formed First Union Regional Foundation, which concentrates its resources on targeted community-development initiatives. In addition, he is a member of the boards of Pep Boys, the Philadelphia Orchestra and the Academy of Music as well as Fox Chase Cancer Center.

"Fox Chase has established itself as a relevant and very important entity in the Philadelphia region as well as being world-renowned for its cancer care and research," said Pryor. "I consider it a privilege and a challenge to work with such outstanding leadership, board and staff dedicated to fulfilling the mission of the Center."

Pryor has previously served on the boards of We the People 200 Inc., the National Association of Securities Professionals, the New York City Partnership and the Zimbabwe Merchant Bank. He has also been a member of the Federal National Mortgage Association's advisory council, the United Bank's business and community advisory committee and the executive committee of the African American Chamber of Commerce of Philadelphia.

A member of the Pyramid Club and the Philadelphia Urban League, Pryor holds a bachelor's degree in economics from Howard University in Washington, D.C., and a master's degree in business administration from the Wharton School of the University of Pennsylvania. He and his wife, the former Jacqueline Mais, have three sons and two daughters. Malcolmn Pryor serves as a Little League coach.

Fox Chase Cancer Center is one of 35 National Cancer Institute-designated comprehensive cancer centers. Its activities include basic and clinical research; prevention, detection and treatment of cancer; and community outreach programs.

Fox Chase Cancer Center, part of the Temple University Health System, is one of the leading cancer research and treatment centers in the United States. Founded in 1904 in Philadelphia as one of the nation’s first cancer hospitals, Fox Chase was also among the first institutions to be designated a National Cancer Institute Comprehensive Cancer Center in 1974. Fox Chase researchers have won the highest awards in their fields, including two Nobel Prizes. Fox Chase physicians are also routinely recognized in national rankings, and the Center’s nursing program has received the Magnet recognition for excellence four consecutive times. Today, Fox Chase conducts a broad array of nationally competitive basic, translational, and clinical research, with special programs in cancer prevention, detection, survivorship, and community outreach.  For more information, call 1-888-FOX CHASE or (1-888-369-2427).

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