SPRINT NEXTEL BECOMES FIRST MAJOR EXTERNAL CONTRIBUTOR TO

THE OPEN ROAD FOUNDATION

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NEW YORK, NY, September 22, 2008 – The Open Road Foundation today announced that Sprint Nextel (NYSE: S), through its business solutions provider Corporate Communications Group (CCG), has become the first major external contributor to The Open Road Foundation. The Open Road Foundation, launched in August 2008 by Fenway Partners, a leading middle market private equity firm with more than two dozen investments in transportation and logistics companies, is a non-profit organization which provides victim assistance and supports educational and career development programs for the employees and professional independent contractor drivers of the transportation and logistics companies within the Fenway portfolio as well as their dependents. 

Fenway Partners and Sprint recently signed a three-year master services agreement for wireless and wireline services. Through this strategic partnership, Sprint will provide wireless solutions and telecommunications services tailored to the transportation industry, including the creation of custom web portals for each Fenway portfolio company that will allow employees, family members and contractors to access Sprint’s latest wireless technology and manage telecommunications on the web. As part of this agreement, Sprint has made an initial contribution to The Open Road Foundation and will continue to make donations for each individual line ordered via the portals.

“We are extremely proud of our involvement with The Open Road Foundation and are honored to have the opportunity to support such a unique organization that provides much needed assistance to the families of the transportation industry,” said Jared Lerner, President of CCG.  “We are also pleased to have expanded our relationship with Fenway Partners so that we are able to provide its portfolio companies with increased service offerings and the ability to leverage purchasing power in order to help them run their businesses better. We look forward to developing our relationship with Fenway as we continue to give back to the community.”

Bill Webb, President of The Open Road Foundation and an operating executive at Fenway Partners, commented, “We are incredibly grateful for Sprint’s generosity in this venture and are delighted to be able to deepen our supplier relationship with them as well.  We’re excited that they share our enthusiasm for this unique organization, which we believe will greatly benefit our transportation and logistics companies, their employees and professional independent contractor drivers, their families, and the communities in which they operate.”

Additional funding for The Open Road Foundation will be provided in the form of contributions from Fenway’s portfolio companies, their suppliers, and other individuals and companies that support those in the trucking and logistics industry.

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About The Open Road Foundation

The Open Road Foundation was established in 2008 by Fenway Partners to maintain a victim assistance fund to support eligible employees and professional independent contractor drivers impacted by disaster and/or unfortunate personal circumstances.  Additionally, The Open Road Foundation provides annual educational scholarships to eligible employees, professional independent contractor drivers, and/or their dependents who are enrolled in or applying to accredited colleges, junior colleges, and vocational schools. All employees and professional independent contractor drivers of transportation and logistics companies owned by Fenway Partners and their dependents are eligible for the assistance and scholarships. The Open Road Foundation is a Dallas-based Texas Corporation and is organized as a public charitable foundation under Section 501(c)(3) of the Internal Revenue Code. For more information, visit www.openroadfoundation.com.

About Fenway Partners

Fenway Partners is a middle market private equity firm based in New York with approximately $2.0 billion under management. Fenway invests in profitable businesses with significant upside potential. Fenway companies typically have leading franchises and operate in two core industry segments, branded consumer products and transportation/logistics. With significant knowledge and success investing in these industries, Fenway has built a strong reputation for its hands on approach to supporting portfolio companies. Fenway’s current portfolio includes: 1-800-CONTACTS (the leading direct-to-consumer distributor of contact lenses); American Achievement (class ring and yearbook supplier to schools); Coach American (motorcoach bus operator); Easton Bell Sports (performance sporting goods manufacturer); Fastfrate (Canadian transportation and logistics services); Panther (expedited ground and air transportation solutions); Preferred Freezer (frozen public warehousing services); Refrigerated Holdings (temperature-controlled warehouse and transportation services); RoadLink (intermodal logistics); and Targus International (designer and distributor of mobile computer carry cases and accessories). For further information about Fenway Partners, please visit www.fenwaypartners.com.

About Sprint

Sprint offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint is widely recognized for developing, engineering and deploying innovative technologies, including two wireless networks serving approximately 54 million customers at the end of 2007; industry-leading mobile data services; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. For more information, visit www.sprint.com.

About Corporate Communications Group

Corporate Communications Group is a Wireless Telecommunications Management company and a Sprint Business Solutions Provider. CCG was founded in 2002. CCG’s primary goal is to offer comprehensive procurement, fulfillment and telecommunications expense management wireless solutions for our individual customers as well as our enterprise level clients. CCG has always provided the highest level of customer service and customized solutions for our clients, which has allowed for our continued growth. CCG is headquartered in North Miami Beach, Florida with locations in Chicago, and Dallas. CCG is a proud supporter of The Open Road Foundation. www.ccgld.com

Contacts:

Fenway Partners/The Open Road Foundation:

Anna Cordasco/Brooke Morganstein/Jonathan Doorley

Sard Verbinnen & Co

212/687-8080

For Sprint Nextel/Corporate Communications Group:

Alex Gil  / Sprint Nextel / 516-864-1328

Dustin Burdin / CCG / 305-945-9100