MINNEAPOLIS/ST. PAUL (February 4, 2010) — Regis Corporation (NYSE:RGS) Chairman and Chief Executive Officer Paul D. Finkelstein today presented a $400,000 check from the Regis Foundation for Breast Cancer Research to Douglas Yee, M.D., director of the Masonic Cancer Center, University of Minnesota.
The donation, made through the Minnesota Medical Foundation, will establish a permanently endowed fund to support Masonic Cancer Center research that advances the prevention, treatment and search for a cure for breast cancer. The Regis Foundation for Breast Cancer Research, sponsored by Regis Corporation, the global leader in the haircare industry, intends to contribute a total of $2 million to the fund over the next several years.
When the fund reaches $1 million, it will be used to create the Regis Professorship in Breast Cancer Research. When it reaches $2 million, the fund will establish the Regis Chair for Breast Cancer Research. At both levels, the fund will help the Masonic Cancer Center attract, retain and support the work of leading breast cancer researchers.
“The Regis Foundation has been a long-standing supporter of breast cancer research at the Masonic Cancer Center, having already given more than $1.1 million to our efforts,” said Yee. “We are grateful for its sustained, generous support. This fund will help women who are at risk for and diagnosed with breast cancer by accelerating the translation of our research into promising new ways to prevent, diagnose and treat the disease.”
In 1990, Anita Kunin, a breast cancer survivor and wife of former Regis Chairman Myron Kunin, founded the Regis Foundation for Breast Cancer Research. Since then, stylists from Regis Corporation have volunteered their time and talents to raise more than $6.5 million for breast cancer research through Regis’ annual Clip for the Cure.
“At Regis Corporation, we have an ongoing commitment to raise awareness and funds for breast cancer research,” said Finkelstein. “We are proud to partner with the Masonic Cancer Center and support its important work in finding a cure for breast cancer.”
Previous funding from Regis has supported several projects to help University of Minnesota researchers turn their findings into novel treatments for patients. “The Regis Foundation has been particularly generous in funding pilot research projects that allow researchers to test promising new ideas,” Yee said. When preliminary findings show that an idea is worth further investigation, researchers compete for larger grants from the National Institutes of Health and other major funding agencies.
For example, the Regis Foundation has supported Masonic Cancer Center research that combines magnetic resonance imaging and magnetic resonance spectroscopy to determine a breast cancer patient’s response to chemotherapy within 24 hours. It also supports a research nurse who helps enroll eligible women in clinical trials, which provide information essential to improving breast cancer treatment for all women with breast cancer.
Regis Corporation owns, franchises or holds ownership interests in 12,800 stores in North America and Europe under such brand names as Regis Salons, MasterCuts, SmartStyle and Supercuts.
Masonic Cancer Center, University of Minnesota is part of the University’s Academic Health Center. It is designated by the National Cancer Institute as a comprehensive cancer center for cancer research, treatment, and education—one of only 40 such centers nationwide. For more information, visit www.cancer.umn.edu or call 612-624-2620.
Founded in 1939, the Minnesota Medical Foundation raises millions of dollars annually for health-related research, education and care at the University of Minnesota, with gifts supporting faculty positions, scholarships, academic programs, equipment purchases and research. Gifts directed to research fund studies related to cancer, children’s health, public health, heart and lung disease, diabetes, infectious diseases and other critical illnesses. For more information about the foundation, please call 612-625-1440, or visit its website at www.mmf.umn.edu.
A Fortune 1000 company, Regis Corporation is traded on the NYSE under RGS. Regis is the beauty industry’s global leader in beauty salons, hair restoration centers and cosmetology education. The company owns, franchises or holds ownership interests in over 12,800 worldwide locations. Regis’ corporate and franchised locations operate under concepts such as Supercuts, Sassoon Salon, Regis Salons, MasterCuts, SmartStyle, Cost Cutters, Cool Cuts 4 Kids and Hair Club for Men and Women. In addition, Regis maintains an ownership interest in Provalliance, which operates salons primarily in Europe, under the brands of Jean Louis David, Franck Provost and Saint Algue. Regis also maintains ownership interests in Empire Education Group, Inc. in the U.S. and the MyStyle concepts in Japan. Systemwide, these and other concepts are located in the U.S. and in over 30 other countries in North America, South America, Europe, Africa and Asia.