LAWRENCE, Kan. (Map) - In the news release, Commercial Real Estate Women (CREW) Network Launches $100,000 Scholarship Program to Foster Careers for Women in Commercial Real Estate, issued 08-May-2008 by Commercial Real Estate Women (CREW) Network over PR Newswire, we are advised by the organization that the 2nd to the last paragraph, 2nd sentence, should read "In addition to the application, applicants must also supply an official copy of their college transcripts and letters of recommendation no later than June 20" rather than "...no later than May 23" as originally issued inadvertently. The complete, corrected release follows:

Commercial Real Estate Women (CREW) Network Launches $100,000 Scholarship Program to Foster Careers for Women in Commercial Real Estate

CREW Network Scholarship Program is part of overall effort to reduce barriers For women pursuing careers in commercial real estate

LAWRENCE, Kan., May 8 /PRNewswire-USNewswire/ -- Commercial Real Estate Women (CREW) Network today launched a $100,000 scholarship program aimed at fostering careers for women in commercial real estate.

Through the CREW Network Scholarship Program, CREW Network will award ten (10) $10,000 scholarships to women enrolled full time in their junior or senior year of an accredited real estate program at a college or university. The scholarships will be awarded based on academic excellence and each scholarship recipient will receive a paid internship program at a commercial brokerage firm.

"This is an important step forward in CREW Network's evolution from creating awareness of the disparities between men and women in commercial real estate, to taking concrete steps to effect significant change," said Gail Ayers, Chief Executive Officer of CREW Network.

"CREW Network is proud to create a scholarship program that actively encourages talented young women to explore careers in commercial real estate," said Lynny Osenbaugh, 2008 CREW Network President and President of Osenbaugh & Associates in Houston. "Our goal is to cultivate the next generation of female leadership in commercial real estate."

The CREW Network Scholarship Program coincides with the launch of CREWCareerzone.org, a site providing a variety of resources for women considering careers in commercial real estate:

    --  UCREW, interactive sessions designed to connect college students and
        women looking to change careers or re-enter the workforce to women
        professionals working in commercial real estate.

    --  CareerZone Professional Video Series, featuring professional women
        discussing what it takes to be successful in six major disciplines
        within commercial real estate: law, brokerage, development/construction,
        investment/asset management, professional services and finance.

    --  CREW Careers: Building Opportunities(R), a national program that offers
        hands-on training for high-school age girls considering a career in
        commercial real estate

    --  CREW Network Career Center, in partnership with SelectLeaders, a
        comprehensive listing of hundreds of active postings of positions in
        commercial real estate

The overall goal of CREWCareerZone.org is to even disparities that exist within the field of commercial real estate. CREW Network's 2005 industry benchmarking study revealed that while more women are entering commercial real estate, they are not advancing within the profession at the same rate as men nor is their compensation at comparable levels.

However, while still a largely male-dominated profession, more and more women are entering commercial real estate and experiencing a large degree of career success. A follow-up research report indicated that the reason for the disparities might be women's lack of awareness about the profession and an aversion to risk.

Scholarship details:

The scholarship application process opened March 21. In addition to the application, applicants must also supply an official copy of their college transcripts and letters of recommendation no later than June 20. For more information and to view the application, visit www.crewnetwork.org.

About CREW Network:

The mission of CREW Network (www.crewnetwork.org) is to advance the success of women in commercial real estate. CREW Network does this by looking outward to bring more women into the industry, showcasing member successes and serving as a key resource to its members and the industry. CREW Network members represent all disciplines of commercial real estate - every type of expert required to "do the deal." Members comprise 8,000 commercial real estate professionals in 66 chapters across North America.

SOURCE Commercial Real Estate Women (CREW) Network