Hult International Business School Announces Winner of the Hult Global Case Challenge

NEW YORK, May 4, 2011 - Hult International Business School (www.hult.edu/) announced that
the University of Cambridge team from the United Kingdom has been selected as
the Global Final Winner of its 2nd Annual Hult Global Case Challenge.
(hultglobalcasechallenge.com/) The competition, held at a W Hotel in
New York, focused on developing solutions to accelerate clean water access
and sanitation around the world. The Hult Global Case Challenge is a Clinton
Global Initiative (www.clintonglobalinitiative.org/) Commitment to
Action. President Bill Clinton delivered the closing keynote address and
presented awards to the winning team. Hult provided the Global Winner with a
$1 million prize, which will be made available to Water.org, an organization
co-founded by Gary White and actor Matt Damon, along with the winning idea.

(Photo: www.newscom.com/cgi-bin/prnh/20110503/452974 )

In reaction to the Global Final Matt Damon (
water.org/2011/04/most-influential-in-the-world/) stated: "Water.org
is empowering people in developing countries around the world to gain access
to safe water and the dignity of a toilet. But the problem is so large we
need to accelerate our impact through innovation. The Hult Global Case
Challenge and the Clinton Global Initiative are perfect partners in spurring
game changing ideas that deliver cost-effective solutions. It's pretty clear
that philanthropy alone will never be able to reach the nearly one billion
people without clean water. Solutions that leverage resources from the ground
up are absolutely critical and the Hult Global Case Challenge is a great
platform to capture the energy and enthusiasm of business school students to
create lasting solutions to the water crisis."

There were a total of six teams competing in the Global Final round.
Members of the Global Final winning team include: Fabio Scappaticci, Gavin
Wedell, Akanksha Hazari, Oremeyi Akah, and Alejandro Mora.

"Our solution leveraged an existing behavior among people - their mobile
phone use - and coupled it with the existing WaterCredit platform to create a
sustainable structure to provide clean water and sanitation to those at the
bottom of the economic pyramid," said University of Cambridge team captain
Fabio Scappaticci. "We're extremely excited to have been a part of this great
initiative and look forward to working with Water.org to move our idea
forward."

The University of Cambridge's full winning solution video can be viewed
on the Hult Global Case Challenge website at:
hultglobalcasechallenge.com/.

"We were able to engage students from around the world in a very
challenging way that forced them to think about how business strategies can
be applied to benefit the greater good," said Hult International Business
School President Stephen Hodges. (www.hult.edu/about-hult/president )
"We think the winning idea will be very useful to Water.org and their efforts
toward a sustainable solution that gives everyone access to clean water. We
know that the solutions presented today will indeed help deliver clean water
to millions and save lives. Congratulations to Cambridge University and all
of our competing teams."

About Hult International Business School:

Hult International Business School (formerly known as the Arthur D.
Little School of Management) is the first global business school with
campuses in Boston, San Francisco, London, Dubai, and Shanghai. The School
offers a range of business-focused programs including MBA, Master and
Undergraduate degrees. Hult's one-year MBA program is ranked in the top 30 in
the world by The Economist and among the top 100 by the Financial Times.
www.hult.edu

Media Contact: Carolin Bachmann, +44(798)534-0179, carolin.bachmann at hult.edu