Stamford, Conn. - Xerox Corporation's (NYSE: XRX) demonstrated leadership in diversity makes it one of the "30 Best Companies for Diversity," according to a new list announced yesterday by Black Enterprise magazine.

"The B.E. 30 Best Companies for Diversity are setting the standard for the rest of corporate America," editors write in the July 2005 issue, on newsstands June 28. "Their commitment to diversity and inclusion are key to maintaining African American gains in employment, earning power, and business ownership."

To develop its inaugural list, the magazine evaluated 1,000 of America's largest public companies and 50 global companies with significant U.S. operations on several criteria including supplier diversity, marketing and community outreach. Winning companies also required significant representation of African Americans and other ethnic minorities in four key areas: corporate procurement, corporate boards, senior management and the total work force.

In particular, Xerox was cited as being "among the very best at bringing talented people of color into the senior management ranks." Further highlighting this honor, Xerox people are featured in a photograph that accompanies the Black Enterprise "30 Best Companies" special report.

"A creative, motivated, diverse work force drives the most effective business results," said Philip Harlow, Xerox's chief diversity and employee advocacy officer. "We believe it's vital to continue fostering and monitoring a diversity program that ensures Xerox consistently grows as a company where all employees are empowered, can develop their talents and can build strong careers."

Earlier this year, three Xerox executives were selected for Black Enterprise magazine's "75 Most Powerful Blacks in Corporate America" list: Quincy Allen, president, Production Systems Group; Ursula Burns, president, Business Group Operations; and Emerson Fullwood, chief of staff and marketing, Xerox North America.

In addition, other magazines recently citing Xerox on their 2005 "best companies" lists include DiversityInc's "Top 50 Companies for Diversity," Business Ethics' "100 Best Corporate Citizens," and Essence's "35 Great Places to Work."

Customer Contacts:
For more information on the survey, visit www.blackenterprise.com
For more information on Xerox and diversity, visit www.xerox.com/diversity

NOTE TO EDITORS: For more information on Xerox, visit www.xerox.com/news. XEROX® is a trademark of XEROX CORPORATION.

Xerox Corporation

Xerox Corporation

Xerox Corporation is a nearly $16 billion global enterprise that helps businesses find better ways to work through innovative technology integrated with document-management services. Over the past 40 years, Xerox has demonstrated leadership in sustainability and citizenship by designing "waste-free" products built in "waste-free" plants, investing in innovation that delivers measurable benefits to the environment, supporting educational and community projects around the world, and many other integrated initiatives. For more information, visit www.xerox.com/citizenship.

More from Xerox Corporation