Friday, July 1, 2011

TYREPAC aids causes of YMCA Singapore

Singapore, 1 July 2011 – Tyrepac has announced that they will begin fund raising for the YMCA of Singapore, aiding YMCA’s efforts to help the community through their wide range of programmes. Tyrepac will donate $1 from every tyre sold on Tyrepac Singapore’s website (www.tyrepac.com.sg) to the volunteer welfare organization.

Tyrepac will further assist YMCA by broadcasting upcoming fund raising efforts and events on the Tyrepac website. The sponsorship marks the first time an online retail website is dedicating proceeds to YMCA in Singapore.

“We are proud to be able to do our part for the community by sponsoring YMCA for its cause.” said Tyrepac Managing Director, Ler Hwee Tiong. “With Tyrepac gaining momentum in Singapore, we are pleased to dedicate time and effort to support YMCA in its cause, and hope our effort will also entice more companies to follow suit.”

“We commend Tyrepac for their innovative approach to corporate social responsibility and donating to the YMCA of Singapore. By contributing a part of their profits to supporting the YMCA-Lim Kim San Volunteers Programme, they are allowing their customers to be part of the giving process too,” said YMCA General Secretary Albert L H Ching.

For more information about the YMCA of Singapore or to make a donation, please go to http://ymca.org.sg/appeal or visit the YMCA website at http://www.ymca.org.sg

About Tyrepac
Tyrepac was founded in Singapore in 2008, and is Asia's first and largest online tyre retailing website. Tyrepac offers a comprehensive range of tyres, with transparent pricing, and convenience from more than 2,700 fitting locations in Asia. Tyrepac also provide quotations for battery, automotive insurance, and servicing packages in collaboration with its service partners.

As of December 2010, Delticom AG invested into Tyrepac. Delticom is Europe’s #1 online tyre retailer. Founded in 1999, the Hanover based company operates more than 100 online shops in 39 countries and has served more than 4 million customers so far. Delticom is listed on the German Stock Exchange(ISIN DE0005146807, ticker symbol DEX). As of the end of March 2011, market capitalisation stands at approximately EUR 755 million (approx. SGD 1,360 million).

About YMCA of Singapore
YMCA of Singapore is a voluntary welfare organisation which seeks to serve all members of the community, regardless of race, language or religion through wholesome programmes which are based on Christian principles. YMCA organises 17 structured and sustained YMCA-Tan Chin Tuan Community Service Programmes to enrich the lives of the beneficiaries from 26 partnering voluntary welfare organisations. The beneficiaries include the intellectually, physically and mentally challenged, abused children and underprivileged children, out-of-school youth, youth-at-risk, the poor and the elderly.

Some of the other programmes include the YMCA-Lim Kim San Volunteers Programme, overseas community service programmes, rebuilding programmes for disaster-hit communities and YMCA Financial Assistance & Capability for Employment Scheme. YMCA was conferred the 2008 Outstanding Non-Profit Organisation Award by the National Volunteer & Philanthropy Centre on 13 November 2008. The organisation also owns various social enterprises, such as the YMCA International House, YMCA Child Development and Student Care Centres, YMCA School and YMCA Tertiary Education. www.ymca.org.sg

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